Credit institutions are obliged to detect signs of deterioration in the financial capacity of bank customers.

Among signs of a default risk that the credit institutions should take into consideration are the existence of an unemployment situation, loss of income, materially unfavourable developments in the sector of economic activity in which the bank customer works and register of overdue loans at the Central Credit Register, a database managed by the Banco de Portugal.

The Central Credit Register provides information on the types and situations of credit, outstanding amounts and maturity of the customer’s loans.

Negative information in the Central Credit Register may lead the credit institution to contact the bank customer in order to assess the signs of risk of default.

You can check your credit liabilities with the Central Credit Register on the Banco de Portugal’s website.