The transient voltage response of a central loop electromagnetic system above a buried polarizable parallelepiped target (such as pyrites, sulfides, clays, etc.) is studied. The voltage response, which includes a positive part and a negative part (related to the polarization properties), is studied by varying the body characteristics, including the Cole-Cole parameters, body dimensions, depth, and thickness. By varying the loop radius and by using profiling, the lateral body dimensions can be identified, particularly using the negative response for polarizable bodies. There is a clear difference in the dependencies of the positive and negative voltage responses on the body characteristics, which means that the negative voltage is not just redundant data, but we may use it, together with the positive response, to have better understanding for the body dimensions and polarization parameters effects.