Considering the recent decline in the number of unemployed persons, but also the high level of indebtedness of citizens and creditworthiness; Together, the banks barely had anyone else to lend to (at least “good loans” they could count on), financial and lending companies began to offer so-called loans to over-indebted citizens for the remainder of their non-HROK income.
A loan that would be too risky for any lender
Loan for the rest of the income is a specific model, different from any other loan, mostly because it is not affected by the total debt of the client, that is, the loan for the rest of the income is not a condition for at least one third of the client’s salary to be unencumbered.
What is specific about this loan is that the conditions for granting the loan vary greatly from one credit institution to another; so some offer an unlimited number of loans to one-third of the payday free of other claims, some credit institutions require that two-thirds (of the one-third remaining) be left free after the loan installment is withdrawn, the rest, ie half of one-third of the salary.
Credit to the rest of the income is risky with the HROK
A loan to a non-HROK residual income is, in short, a loan whose loan would not have a (bad) impact on the HROK credit report. Such loans are seen as particularly risky, which is why it is not surprising that only a few loan companies have opted to issue them.
Some lenders, as written above, have opted to issue a loan, the amount of which will be determined by the remainder of the proceeds, while others have determined how much the unpaid portion of the pay should be but specifying the exact amount (not a portion of the vacant third) that the client should remain after settling all debts.
Due to their riskiness, such loans are often repaid through a standing order and often the loan is negotiated with some additional collateral … The loan is urgently a different financing method, but similar to this because it also does not require insight into HROK.
Credit to the rest of the non-HROK income, however, is a too risky model
Loan without HROK is a rarity, that is, a model that is not offered everywhere, but when it comes to credit to the rest of the proceeds, all lenders insist on HROK because of their high enough risk and transparent HROK data.
The conditions for raising the loan for the rest of the income varied from one financial company or institution to another, but the high financial risk of the lender still needed to be mitigated somehow.
For this reason, a loan for the rest of the proceeds of each borrower willing to issue such a loan, however, was everywhere required for a single security: the HROK report must be kept orderly. So, unlike, for example, a cash loan, the Credit for the remainder of the non-HROK income is estimated as a risky model.
What is HROK and why it is sometimes necessary
Recall that HROK doo is an abbreviated name for the Croatian Register of Credit Obligations, a limited liability company for business services, which in 2005 established 20 banks in the Republic of Croatia; for the purpose of collecting, processing and exchanging information on clients’ credit obligations, but also for the regularity of their settlement.
Today, 27 of the 31 banks in our area are members of the HROK; as well as all five housing savings banks, two card companies, certain leases, and other financial institutions. The registry processes data on all monetary liabilities of clients, banks, and other financial institutions; whether it is a regular or irregular repayment of liabilities. All data processed in the register is also displayed in the credit report of a natural or legal person.
HROK’s archive of all citizens’ credit activities
We mentioned that all data on clients’ credit and other monetary liabilities were stored in the HROK, ie the data storage registry; on collaterals, liabilities on behalf of the borrower or guarantor, on the requirements for credit reports of clients at the request of financial institutions, on employment, etc.
The information is provided by the HROK user (bank, leasing, card company, etc.) and in the HROK database -are updated once a month. So the name of every person who has ever taken out a bank loan is in the HROK. So, there are loans, such as cash loans, that can hardly be raised without HROK, but credit to the rest of the non-HROK income is not one of them.