The National Debt Register or KRD is an institution whose purpose is to register debtors and – thus – to support the so-called soft debt collection. How does this mechanism work on the Entrepreneur – KRD line? What does a dishonest debtor have to face?
Cooperation with KRD? Same benefits!
Cooperation with the National Debt Register consists mainly of signing with this institution an appropriate agreement on access to economic data. This cooperation is established by the entrepreneur whose client has not settled the relevant obligation. As a rule, this cooperation takes place when the debt to the entrepreneur exceeds USD 500. This is relatively small, given the average transaction costs between enterprises.
Also financial companies, e.g. banks and non-bank companies, may enter their clients’ list – natural persons who are in default of payment. In this case, just USD 200 arrears is enough.
If you do not want to fall behind with your obligations, check how to pay off payday loans conveniently.
Prompt or warning
The National Debt Register is an entity that can successfully be a tool of the so-called soft debt collection. Why? If he signs the contract with the National Debtors Register database, the institution sends a special notification to the debtor the next day. It warns you about the possibility of entering into the register. What are the consequences of this post?
1. The debtor becomes unreliable, thereby losing clients and contractors. Over time, entering in the register will most likely generate considerable losses for him and, as a consequence, may lead to the closure of his business.
2. Entering the debtor in the KRD register means that he will not be able to take out a loan (in some cases also loans) or sign insurance contracts. In a word, his activities will be severely limited.
If you have been registered in the KRD, check whether you will get a loan from the debtors database.
If the period of 30 days has passed since the warning (warning) and the outstanding debt has not been returned, the debtor’s data is entered in the National Debt Register. This entry will not be removed until the debt has been settled. In practice, the prompt itself is already effective for just over half of the debtors. Another dozen or so percent of indebted people repay their liability after entering into the register