Anyone who resides in Portugal and has financial products should keep an eye on the Banco de Portugal blacklist. After all, the presence of your name on it is not a good sign.

This is a list that relates to monitoring the debts of residents of the Portuguese country. That is, it monitors loans and other financial products in relation to their repayment. If the financial obligation is not met, the consumer's name is added to the list.

Continue reading to check out more about this list and the dangers it illustrates!

This list is nothing more than a compilation of people who are in debt or in arrears with banks and financial institutions. Thus, anyone who does not meet their financial obligations will end up there.

It's as if it were credit restriction agencies like SPC and Serasa, which operate in Brazil. The difference, however, is that the Banco de Portugal list focuses on debts that are made to the detriment of banks and other financial institutions.

In other words, if the debt refers to other issues and natures, then it is not on this list.

Non-payment of debts and delay in paying monthly fees and installments. Basically this. Therefore, it is essential to keep an eye on the due dates of each of the citizen's financial obligations to avoid inclusion on the list, which is updated monthly.

The consequences of being on the Banco de Portugal blacklist refer precisely to obtaining financial products and services. After all, inclusion on the list indicates that that citizen is not a good payer. In other words, it represents a risk for financial entities when granting credit.

This then creates difficulties in obtaining these products, such as credit cards with high limits. Or, loans and financing. Know, in fact, that it is basically impossible to obtain such a service when you are on the list.

Some of the solutions in these situations are the search for consolidated credit like the one Kreditiweb offers. Consolidated credit is a financial product that allows you to combine several credits that you are paying into into one with better conditions. 

By combining all the installments into one, you can pay a lower interest rate than the credit you currently have and, therefore, spend less.

Furthermore, banks and financial institutions often charge commissions that, when combining all installments into one, cease to exist, which also allows you to save money.

This way, it is possible to leave the list and regain good reputation in the market. You can find out how to apply for Kreditiweb credit in the following content.

Just go to the Credit Responsibility Center page, register and then carry out the consultation. See the step by step below.