Needless to say, the importance of credit reporting. Car loans, mortgages, and even employment in some industries require credit reporting. If there are bad records in the credit report, it will definitely have a great impact on work and life.
So once a credit card has an overdue record, will the bank really blacklist it? Is the loan really impossible?
In fact, it is not absolute. In case of overdue, you can also find ways to improve this bad record in time. Today, we will talk about how to recover the credit breach with overdue records.
First of all, we should understand what overdue is. Some people may say that this is not very clear. Failure to repay in time before the repayment date is deemed overdue.
Actually, it's not. Generally speaking, every bank has a grace period for the determination of overdue, which is generally 3 days (the situation of each bank is different).
For example, your credit card repayment date is the 9th of each month, and many people think that your 10 repayment is overdue, so this bad record will be left on the credit report. In fact, most banks have a three-day grace period, that is to say, as long as you pay off the bill according to the amount before 12, it will not be overdue and there will be no more money in the credit report.
Of course, you must consult the issuing bank of your credit card and try to handle the bill within the specified time.
If there is an unfortunate overdue record, don't worry, because the overdue record is also divided into circumstances, and the bank was not killed with a stick.
What if some people accidentally forget to repay the loan?
In fact, this situation should not happen, because it is not impossible to repay. If it has a bad influence, it is really crying.
However, this has not affected my handling of bank loans and other businesses. Therefore, such accidental and non-subjective overdue records caused by negligence will be treated differently by banks. This situation will not be deliberately maintained, just use the card normally and repay it on time, but there must be no overdue records in the short term. After all, if there are many such records, even if the amount is not much, the bank will doubt your credit as a user.
What should I do if I can't repay the loan normally due to insufficient funds?
This situation is also divided into two types. One is to maliciously evade fees after the deadline and not answer the bank phone; The other is to actively communicate with the bank after the deadline and strive to repay the loan as soon as possible. Although these two kinds of overdue will leave extremely negative bad records on the credit report, they are also different.
Needless to say, the former may become bad debts if it is overdue for a long time and is not returned after being urged. Any bank that sees the bad record of bad debts in the credit report will stay away from it, and it is impossible to deal with banks again for at least five years after bad debts appear.
In the latter case, if you communicate with the bank and repay the loan as soon as possible within the agreed time, the credit can still be recovered.
First of all, try not to handle any loan business and credit card approval business within one year, because there is a high probability of not handling it, and there will be inquiry records; Secondly, to keep a good repayment record, you should have as many assets as possible under your personal name.
In addition, if you need to handle related business after one year, try to consult the bank staff and explain your situation. Don't try it yourself easily.
Finally, don't trust any information on the Internet that can eliminate bad records. No institution can eliminate the central bank's credit report, which will be kept for five years. Don't be deceived by overdue haste and panic.