Being listed as category 1: what it means

If you access the Debtors Database using your taxpayer identification code (CUIT), employee identification code (CUIL) or identity code (CDI), and find you are listed as category 1, you are classified as a performing borrower.

Category 1 applies to borrowers with arrears under 31 days. This may be the case, for example, if:

– You made credit card purchases that are not due yet.

– You are keeping up with your personal loan payments or you are only slightly behind.

If you are listed as category 1, you do not need to take any specific actions with your bank or the BCRA. Anyhow, it is advisable to:

– Regularly check your credit category to make sure the data are up to date.

– Verify that there are no debts that you have already repaid.

– Ask the financial institution about any unfamiliar information.

Staying in category 1 and avoiding longer payment delays helps you build a strong credit history and improves your chances of accessing new financial products.

Learn more: Consolidated text on Debtor Classification