¿What is a Debtors List?
A debtors list is a document including names of individuals and legal entities that have debts with certain banks.
That is to say, in this list we can see if an individual or company was granted a financial product, e.g. a credit, and the funds have not been returned to the bank within the agreed time period, thus generating a debt.
Debtors lists are used by banks and other credit institutions in their analysis of granting a customer a credit or any other type of financing.
Payment default registers are also used by companies to guarantee their trade agreements with customers or suppliers.
What are the different types of debtors lists?
Spanish National Association of Finance Companies
It is one of the largest delinquency files in Spain. It contains all the most up-to-date information on corporate payment defaults with financial entities and other sectors.
The information in this file remains for 6 years.
RAI (Unpaid Receivables Registry)
Unpaid Receivables Registry
RAI is a file made up of information on defaults exclusively by legal entities that are equal to or greater than €300.
The information in this file remains for 30 months.
What information can you find when viewing the ASNEF list?
- Financial delinquency
- Commercial delinquency
- Delinquent balance development for the last 24 months
What information can you find when viewing the RAI list?
- Total number of unpaid drafts on record for the company
- Total value of all unpaid drafts (€)
- Date of last recorded debt
How do I know if I am in a Debtors list?
If a bank includes you in a debtors list, you will be notified via certified letter. It happens quite often that a person is not aware of being included in one of these lists due to the certificate going astray, or not arriving for various reasons.
Any person therefore has the right to know if their name appears in a debtors list, provided they prove their identity.
How can I be removed from a Debtors list?
Usually the affected party has to request their removal from the debtors list once they are up to date with their payments and debts. The affected party must provide the debtors register documentation that certifies the effective payment of their debt with the institution. The person responsible for the debtors list has 10 days to respond; if there is no response, the affected party can submit a claim before the Spanish Agency for Data Protection.