You change the lever and block the possibility of taking loans in your name. The credit freeze should work in a perfect world. We checked, therefore, whether the credit reservation at BIK actually gives a chance for a good night’s sleep.
Identity theft and commitment to unconscious threats to a person is still a pressing problem. Statistics confirm this. Only in the second quarter of this year, 1043 attempts to obtain loans were foiled. The highest amount of a single liability was PLN 6 million. It is difficult to imagine how crushing the information about the necessity of repayment of a multi-million debt must be. Especially in a situation where we did not have the slightest idea about the loan at issue. In order to reduce the risk of frauds, a credit reservation service was created, known worldwide as credit freeze.
What is a credit reservation at all?
To simplify it, it is blocking the possibility of taking out loans and credits for our personal data. By activating a credit reservation, we send a clear message to banks and loan companies – I do not want to get into debt. On the basis of this information, lenders participating in the system mean us in the registers as persons not interested in incurring liabilities. From that moment on, every person trying to extort credit for our data will bounce off the wall.
This service is often compared to a freezer, because the customer can “freeze” or “unfreeze” the opportunity to incur liabilities at any time, for example, we remove the blockade while applying for a mortgage , and then we set it again. If we add that everything can be done remotely, from the level of the device connected to the Internet, we get interesting protection against potential extortions . Handling credit reservations is child’s play. This is the panel that allows you to “manage” our firewall:
Who can use the credit reservation service?
The service is addressed to people with an active account in the BIK portal. You can easily set them up remotely – without leaving your home. There are two variants of identity confirmation to choose from, and each of them involves a slightly different procedure for setting up an account . If you decide to forward your ID document to BIK, please follow the instructions below:
- fill in the form on the page – it is required to provide personal information and data from one of three documents: personal ID, Polish passport or residence card,
- attach a scan of one of the above-mentioned documents,
- perform an identification transfer for PLN 1 – the data must be identical to the data entered into the form. BIK will not accept a transfer from a joint or company account,
- receive an e-mail with an activation link – in the case of a lack of messages, it is worth checking spam and the “offers” tab,
- to receive an SMS with the authorization code – the message will be sent after clicking the activation link,
enter the code from the SMS and set a login password.
If you do not want to provide a scan of your document, you can use the option to confirm your identity by registered mail. The procedure for setting up an account is similar to the first method. The difference is that BIK sends a registered letter with a verification code, which we enter after clicking on the previously received link. Identity verification takes place at the post box.
It is worth remembering that delivering a registered letter may take up to several days , it is also not recommended in situations when we suspect that we have been the victim of identity theft. In such situations, every minute is worth its weight in gold.
How much does it cost and how to start a credit reservation at BIK?
If we are already the holders of the required account, there is nothing else but to run our “credit freezer”. The service can be used by purchasing one of the packages included in the BIK offer. Depending on your needs, you can choose:
- BIK Alerts – the cost is 24 PLN per year. Using this proposal, in addition to the credit freeze service, we receive notifications of each request to the BIK and BIG InfoMonitor database using our data and the possibility of retaining the identity document,
- BIK Package – cost PLN 99 per year (in the current promotion PLN 83). As part of the offer, we receive the credit freeze service, BIK Alerts, 12 BIK reports to download in one year, the possibility of retaining the identity document and the BIK indicator.
The package selection depends on our current expectations. If we only want to limit the risk associated with extorting credit for our data, the BIK Alerts service is sufficient. In turn, people who plan to make commitments and want to monitor their current history and credit scores should consider using a more extensive package. It is worth mentioning that since September 21 this year, Americans have received free access to the credit blockade and can make reservations in the three largest databases on the market. Previously, this service was paid.
The weakest link – partners of the credit reservation system
It’s time to answer the question – how effective can a credit reservation offered by BIK be? To this end, we checked the number of partners who decided to join the system. The group of banks and loan companies is presented as follows:
Unfortunately, the list of entities accepting the credit reservation in the customer verification process is short. These are just five loan companies, one cooperative bank and one commercial bank. This means that a credit lock will not work when the extortion occurs in an institution outside of the list. Probably the majority of people who engage in criminal activity, bypass the system partners with a wide arc, reducing the risk of potential inclusion.
The Credit Information Bureau announces that the list of entities verifying credit reservations will be longer. Ultimately, they are to be all banks and loan companies cooperating with BIK. We believe that only in this form will a credit reservation be a full-value service . Currently, it is unfortunately only a prosthesis protecting against scams in a very narrow range. The only hope is that when you try to make a commitment to our data, we will receive BIK Alert .
Is it profitable to use credit freeze?
Despite the short list of system partners, please note that freeze credit is an addition to the packages offered by BIK, not a separate, additional paid product. So if we use the services of Credit Information Bureau and we do not intend to incur any liabilities in the near future, it is worth using the reservation. It is possible that an imprudent criminal will fall into the trap set by us.