Glossario

For the purposes of the Central Credit Register (CR), a customer is classified as having a bad loan when the bank or financial company determines that the customer is insolvent and consequently incapable of repaying his or her debt. This classification is the result of an assessment of the customer’s overall financial situation and is independent of whether the customer has officially filed for bankruptcy. Therefore, a customer can be classified in the CR as having a bad loan in the absence of an official bankruptcy proceeding.