The average debt of Poles down on an annual basis in 2021

The data from the BIG InfoMonitor Debtors Register and the BIK credit information database show that at the end of last year the average debt amounted to PLN  27,200. This is less than in 2020 and 2019 – by 6 percent and 2 percent. On the other hand, the average debt of a natural person entered into the KRD has recently been close to PLN 18,500.  It was 5.5 percent less y/y and by less than 0.5 percent more than two years ago. In ERIF, the average (non-maintenance) debt at the end of 2021 was at the level of PLN 5,300. Compared to 2020 and 2019, there was an identical increase – by nearly 0.5 percent. According to CRIF, last year ended with an average debt of PLN 6,900. This is about 3.7 percent more y/y and 5.3 percent less than in 2019.

"The downward trend visible in some registers does not mean an improvement in the financial situation of Poles. In principle, it can be said that the creditworthiness of compatriots is declining. So they take out loans from non-bank institutions that often do not register their debts. And such liabilities are characterized by the worst possible interest rate," Piotr Bijański, president of the Twój Prawnik 24 network, said.

(WBJ)