No. The Central Credit Register (CCR) is not a “blacklist”. Such a term is often used when describing databases that only collect information on default situations.
The CCR contains information on credit agreements with initial amounts of more than €50 borrowed with the entities registered in the CCR, regardless of whether they are duly fulfilled, in default or constitute a potential credit liability (such as unused credit card amounts).

The information in the CCR is used by financial institutions to assess the risks attached to granting credit. In order to assess the customer’s creditworthiness, it is essential that they consider the total amount of the customer’s credit liabilities, and not only the possible existence of defaulted credit.

In most cases, the Banco de Portugal’s CCR includes positive information proving the credit customer’s ability to pay and the credit customer’s timely compliance on the date to which that information relates. If a customer is in default, information in the CCR provides support to registered entities and customers themselves so that they may settle the situation.