Generally speaking, a credit card is overdue if it is not repaid, but the bank will still give the cardholder a grace period, usually three days. If the cardholder can pay off the loan within the grace period, the bank will not upload the bad records to the credit information system. If the cardholder fails to pay off the loan after the grace period, the bank will upload the bad record to the credit information system.
If the cardholder's overdue record has been reported, the cardholder must remember not to cancel the card at this time, nor can he sit idly by and pay off the arrears as soon as possible to eliminate the overdue record of the credit card. Generally speaking, according to the latest Regulations on the Administration of Credit Information Industry, if there is no bad record before, and you continue to use it during the period and keep a good use record, the overdue credit record of a credit card can be eliminated after 2 years. If you have an overdue bad record, continue to use it and make a good record in the meantime. It will take 5 years for the overdue credit record of credit card to be eliminated.
Therefore, in order to prevent the generation of bad records, in daily life, everyone had better swipe their cards rationally. On the other hand, if you often forget to pay back, which leads to overdue, then it is suggested that you bind a savings card or Alipay and automatically deduct the money when it expires.
"Regulations on the Administration of Credit Information Industry" Article 2 The term "credit information industry" as mentioned in these Regulations refers to the activities of collecting, sorting, preserving, processing the credit information of enterprises, institutions and other organizations (hereinafter referred to as enterprises) and individuals, and providing them to information users. The provisions of Chapter V of these Regulations shall apply to the collection, collation, preservation, processing and provision of information in the basic database of financial credit information established by the state. These Regulations do not apply to the collection, collation, preservation, processing and publication of enterprise and personal information by state organs and organizations authorized by laws and regulations to manage public affairs in accordance with laws, administrative regulations and the provisions of the State Council.