Banks are taking the bad credit lists and selling it to external companies. When this involves housing loans, the situation is complicated.
Deco alerts to the run over that have been repeated in the last eight years in the sale of Banks credit by banks to foreign companies. Information has been lacking and consumers are unprotected, especially in cases of housing loans.
Banks are taking the bad credit lists and selling it to external companies. Suddenly, the debtor is confronted with a letter from the banking entity to warn of the assignment of the credits.
When this involves housing loans, the situation is complicated. The interlocutor becomes a non -financial company not supervised by Banco de Portugal e not covered by the general credit rules to buy homenamely the possibility of resuming.
According to the Lusa Agency, the Banco de Portugal is unaware of how much banks have sold on housing since 2017in credit assignment operations, to non -supervised entities.
According to Deco, the main banks have bet on this solution to get rid of the bad credit.
Eight years ago the situation has been going on. THE Community directive that safeguards consumers should have been transposed to Portuguese legislationbut there have been delays. The diploma was finally approved in August.
