If you have already paid your debt, but you still appear delinquent, what should I do?

Acquiring debt is a practice that, although not the most recommended, is very common among a large number of people. The reasons are very different, whether due to necessity, because an opportunity presents itself or because of not correctly managing the personal finance and this can have consequences that go against the interests of the debtor.

For this reason, among the recommendations provided regarding debts, it is suggested to carry out the Payments within the established deadlines. Otherwise, you may be prevented from accessing some opportunities such as loans, credits or others.

How to stop being listed as a defaulter?

You do not need to carry out any procedure before the Superintendency of Banking, Insurance and AFP (SBS), the debt information will no longer appear from the month of its cancellation. In other words, the information recorded about your credit history will not be deleted, but updated, thus allowing you to access loans, credits or other alternatives.

Likewise, an alternative to demonstrate that you do not have debts with a financial institution is to request a no-debt letter for the purposes you need or consider appropriate.

How to process the certificate of non-debt?

The certificate of no debt is an essential document that certifies the absence of tax debts, allowing people to carry out procedures at notaries, banking entities and other institutions. This certificate can be obtained free of charge at the financial institution where the debt was closed, as well as at telephone companies, business houses and municipalities. It is essential to demonstrate financial solvency and facilitate the inclusion of people who have paid off their debts.

Issued by both private and public entities, the certificate of no debt can be requested several times and highlights that the person has completed all their payments. This helps the reintegration of individuals into the financial system, benefiting those who were excluded for not meeting their financial obligations. The document is crucial for the accreditation of solvency and the management of various financial procedures.

What does the law say about debt prescription?

The Civil Code stipulates that debts expire within a period of 10 years, after which they cannot be enforced judicially. However, it is important to highlight that this period does not affect the visibility of the debt in the Risk Center of the Superintendency of Banking, Insurance and AFP (SBS), since the debt registry remains active.

What is the function of the SBS?

The SBS collaborates with the general objective of protecting citizens, through the establishment of standards for the prevention of money laundering and terrorist financing (LAFT). In this sense, the SBS seeks to reduce the probability of the occurrence of financial crime and its eventual impact.