Credit Advisory and Restructuring

Preventive advisory is the most underused tool in Colombian personal finance. Most people wait until they are 60 or 90 days in default before seeking help — when there is already a negative report, default interest, and reputational damage with the bank. The reality is that entities supervised by the Superfinanciera have formal mechanisms to restructure credits before default, but the client must know about them and request them correctly.

Superfinanciera External Circular 026 of 2017 allows redefining credit conditions with up to 90 days in default, without resorting to the insolvency regime. It applies when negotiating with a single creditor or with each one separately. Well used, it avoids the negative report and preserves future credit access. Additionally, banks have internal voluntary restructuring processes that can be activated at any time if the client demonstrates genuine payment capacity.

Our service includes: diagnosis of your total financial burden (not just the problematic credit), realistic projection of payment capacity, formal presentation of restructuring proposal to the bank, negotiation of rates and terms, and review of final documentation before signing. The difference with going to the bank alone: you arrive with a defensible technical analysis, not a plea.