Do people in debt have a chance to get a loan?

The offer of the current non-banking sector is gradually becoming more extensive and takes into account the needs of various customer groups. Therefore, in the offers of many of today’s loan institutions, we will find not only standard payday loans or installment loans but also solutions such as loans for the indebted. In this case, loan institutions are able to ‘brace’ the customer’s debt and negative credit history, as long as the borrower has a real ability to pay the new liability. See for details

It is also worth being aware of the fact that loans and payday loans are on the market in more than one variant. Loans intended for people with negative history in databases are something else, and loans are so-called debt relief.

Loans for those in debt: the most important information

Loans for those in debt: the most important information

What are the differences between these two variants and what is most important to know about the non-bank offer dedicated to customers with debt?

As the name suggests, solutions such as installment loans and payday loans for indebted are intended for those customers who, for various reasons, would have problems obtaining loan financing on standard terms.

How it’s working?

Depending on the loan institution’s offer, negative credit history and / or our debt may be offset by other factors. Most often, we will simply have to prove to the loan company that we will be able to repay the loan. Of course, the easiest method in this area is regular and relatively high income. In some cases, however, an option in this regard may be, for example, to pledge a loan or take a loan from another person, i.e. simply a guarantor.

However, does the above information show that when lending institutions grant loans to an indebted person they do not verify their creditworthiness? Of course, this assumption is very wrong. Moreover, we can expect that the condition of our finances will be checked much more accurately than in the case of the standard offer of non-bank loans.

Another important issue is of course security, and more precisely the distinction between loan institutions and the so-called parabank. The former are entities listed in the Register of Loan Institutions at the Polish Financial Supervision Authority. Obviously, we should only be interested in the offer of loan institutions, not parabanks

Debt loans: what are they?


A highly specific variant when it comes to loans for those in debt is so-called loans for debt relief. In this case, the loan institution provides financing under certain conditions, thanks to which we will be able to repay existing liabilities. Obviously, this form of loans for indebted people is characterized by installments. So these are not payday loans.

Obtaining a debt loan will almost always require us to establish a pledge or take out a loan from another person. However, some entities are more flexible in this respect, which gives the client some room for negotiation with the lender regarding the individual terms of the loan for debt relief.

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