Legal basis

In 2003 legal regulations enabling the exchange of information on financial credibility of consumers, businesses and other entities involved in business trading came into force in Poland. The Act of April 9, 2010 on Disclosure of Economic Information and Exchange of Economic Data (Journal of Laws No. 81, item 530) is the legal basis of the disclosure of economic information and exchange of economic data through the ERIF Biuro Informacji Gospodarczej S.A. The operations of ERIF BIG S.A. are supervised by the Ministry of Economy, which approves the Regulations for the Data Management, identifying specific organizational and technical solutions related to the disclosure of information and the measures to protect such information. However, control over the correct processing of personal data is exercised by the Inspector General for Personal Data Protection.

Economic information bureaus can receive, store and disclose economic information concerning:

  • payment in arrears (a negative report);
  • reliable payment of financial obligations (a positive report);
  • use of a forged or misappropriated document.

Each economic information consists of three main parts:

  • information about the creditor, or the entity reporting the data to the Economic Information Bureau;
  • information about a debtor or a reliable payer;
  • information about obligations that are overdue or paid on time.