Is consolidated credit registered in Banco de Portugal?

When a person consolidates several credits, a common question arises: does this operation get recorded in Banco de Portugal?

The answer is yes. But being registered in the Credit Responsibility Center does not mean having a negative situation.

A consolidated loan is registered in the Credit Risk Central of the Bank of Portugal.

The CRC gathers information about credit responsibilities and is used by financial institutions in assessing the risk of granting new credits.

However, CRC is not a record of defaults. It also includes credits being paid regularly.

What is the Credit Responsibility Center?

Poupança no Minuto is a database managed by Banco de Portugal.

Participating institutions communicate information about their clients' credits.

The database allows institutions to know a client's financial responsibilities when evaluating a new credit application.

What appears on the map?

The responsibility map shows information about credit contracts, including product type, debt amounts, terms, and responsibility status.

Can appear for example:

Personal loan

Car loan

Home loan

Credit cards

Discovered

Consolidated credits

Responsibilities as guarantor or surety

Is having a consolidated credit bad?

No. The mere existence of a consolidated credit does not mean there is a default or financial problem.

The CRC contains information about regular credits and overdue credits.

A consolidated loan being paid within agreed conditions remains a credit responsibility, but should not be confused with a default situation.

Why does the bank ask for this information?

When someone requests a new loan, the institution needs to assess the payment capacity.

If a person already has multiple responsibilities, the bank needs to consider these obligations before taking on a new exposure. The CRC helps exactly in this evaluation.

For example, imagine someone requests a personal loan of 10,000 euros.

The bank can check the map and verify that this person already has an auto loan and a credit card with responsibilities.

These fees may affect the analysis of the new application.

What happens after consolidation?

In consolidation, several previous credits are integrated into a new operation.

The new credit responsibility is communicated to CRC according to applicable rules.

Previous credits no longer represent the same responsibilities when settled by the new operation, although historical and reporting information follows CRC's own rules.

Can I check my map?

Yes. Any person can check the information listed on their CRC. The Bank of Portugal provides the credit responsibilities map for free through its services.

Check the map before requesting a new loan to confirm the information is correct and get a global view of existing responsibilities.

What if there is an error?

The information communicated to CRC is the responsibility of the entities that report it.

If you find incorrect information, contact the institution responsible for the report to request a correction.

Make a simulation

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FAQ

Does a consolidated loan appear in Banco de Portugal?

Yes. Credit responsibilities are communicated to the Credit Responsibilities Center.

Being in CRC mean being in default?

No. CRC includes regular credits and overdue credits.

Is CRC a black list?

No. The Banco de Portugal itself clarifies that CRC is not a black list.

Can I check my map?

Yes. Access to the credit responsibility map is free.

Can a consolidated loan hinder a new loan?

The existence of credit responsibilities is considered in solvency assessment, but consolidation itself does not mean a new credit will be denied.