According to the relevant regulations of China’s credit system, a credit card that is overdue eight times within two years can be regarded as a bad record.

Details:

1. The number and duration of overdue credit cards is one of the important indicators used by banks and credit systems to evaluate personal credit status. According to credit agency regulations, if a person has 8 overdue credit card records within 2 years, it will be considered a bad record.

2. The 8 overdue payments mentioned in the first point refer to the situation where credit card bill repayments are not completed on time. Each overdue payment will be recorded on your credit report and have an impact on your credit evaluation. The more overdue items you have, the greater the negative impact it will have on your personal credit.

3. Bad records will lead to a decline in credit scores and may have a negative impact on personal loan applications, credit card applications and other financial services. When banks and other financial institutions evaluate an individual's credit, they often refer to the individual's credit report, and the overdue records in it will become an important reference.

Summary:

According to the regulations of China’s credit system, a credit card that is overdue eight times within two years is considered a bad record. Overdue records can have a negative impact on an individual's credit score and may adversely affect an individual's application for financial services.

Extended information:

In addition to overdue credit cards, other factors in personal credit records include overdue loans, arrears, legal proceedings, etc. These factors will affect personal credit scores and credit records, so individuals should pay attention to their credit behavior, improve credit awareness, and ensure timely repayment and fulfillment of contract obligations.

After overdue records are recorded, individuals can also try to minimize the adverse effects through proactive repayment, negotiation with banks, etc., while strengthening credit management and maintaining a good credit record.

It should be noted that the specific credit evaluation standards and influencing factors may vary among different financial institutions and credit institutions. Therefore, when individuals choose banks and financial services, they can consult relevant institutions to understand specific credit evaluation standards so as to better manage their credit records.