What does category 1 mean in the Debtors Database?
Category 1 indicates a performing borrower status in the Debtors Database.
What qualifies a borrower for category 1?
Category 1 indicates a performing borrower status in the Debtors Database.
Based on days past due, Category 1 applies to obligations that are no more than 31 days overdue.
It may include, for example:
– credit card purchases that are not due yet or are no more than 31 days past due;
– outstanding loans whose installments are paid on time or with only minor delays.
What to check
Being classified as category 1 does not require any specific action with the institution involved or the BCRA.
It is still a good idea to review the Debtors Database regularly to verify that:
– the information is up to date;
– debts already settled do not appear as outstanding;
– there are no unrecognized financing arrangements.
Learn more
Debtor classification