Hello friends, this question is obviously not understood clearly, the relationship between the credit report and the old debts on overdue credit cards. Then let’s share the question in the title.

First of all, let’s understand the relationship and difference between severely overdue credit cards and lao Lai:

1. The so-called lao lai

is not a standard title. He is actually a common name for a person subject to execution for breach of trust.

2. Not everyone can be a bad guy. Usually, a person who has failed to perform the corresponding legal obligations after a judicial decision is a breach of trust. The court will classify different dishonest persons according to the circumstances. Some who have the ability to perform, but those who fail to perform, are likely to be classified as old people. They will impose restrictions on transportation, consumption, etc., in many aspects to promote the implementation of legal rulings.

3. The credit card is seriously overdue. This statement is not standard. The most popular understanding is that the principal and interest owed on a credit card are not repaid as agreed.

In this case, you will first be subject to a credit report and be blacklisted.

Next, different dishonest persons will be dealt with differently. Some may stay in the collection stage, some may be prosecuted, and some may involve criminal treatment.

As for the part of those who are sued and fail to perform their obligations after a judicial ruling, part of them, after approval by the relevant judicial departments, may be listed as dishonest persons subject to execution, that is, Lao Lai.

Summary: Seriously overdue credit cards and breach of trust are different concepts from being a bad person. Lao Lai doesn’t necessarily have to have an overdue credit card. If your credit card is seriously overdue, you may not necessarily be a deadbeat.

Secondly, let’s understand that if the credit card is seriously overdue and is sued and listed as a defaulter, will the defaulter be revoked after paying it off:

1. If the defaulter implements the legal ruling, Will be revoked, or apply for revocation.

2. Even if the debt is repaid and the debtor cancels it, the credit blacklist still needs to be retained for 5 years from the date of repayment.

Summary: Lao Lai can be revoked, but the credit blacklist needs 5 years from the date of repayment before it can be revoked.

In summary:

It is recommended to implement the court's ruling and first remove the old man from all aspects of work, life, social and financial activities. Develop good credit slowly.

I am very responsible to tell you that I can cancel! Why?

First, Laolai are also called high-end consumers and cannot make large purchases, such as buying a house, buying a car, staying in a high-end hotel, buying air tickets, doing high-speed rail, making equity investments, etc.;

Second, if you are a shareholder or legal person of the company, it will seriously affect the company's listing, investment, and financing, and it will be more difficult to acquire and acquire the company!

Third, if it is just a credit card and you have paid off the money, you can go to the court to cancel the enforcement. There will be no enforcement on the credit report, but big data will reflect it!

Finally, I hope you can come ashore soon!

Lao Lai is the social name. The professional term in law is called the defaulter. Nowadays, whether from the perspective of law or social understanding, if a person who has breached his trust cannot perform his obligations unless it is due to special circumstances, it is often not recognized and tolerated. The current system has set up a very airtight network for this type of people. Their identity, status, qualifications, qualifications, and property are all restricted and controlled.

The purpose of taking measures against dishonest persons subject to execution and restricting high consumption is to allow the person subject to execution to return the money as soon as possible. Those who have fulfilled their obligations can apply to the People's Court to lift restrictions, high consumption and breach of trust.

The purpose of being listed as a bad debtor is to force you to pay back the money. Once you have paid it back, it will be revoked naturally!

If your credit card is overdue for a long time and the overdue amount is large, you are likely to be sued by the bank.

If the debt is still not settled after being sued, the bank will apply for enforcement and the debtor still has not repaid. He will be listed as a person subject to execution for breach of trust, that is, a Lao Lai.

The work and life of persons subject to breach of trust are restricted in every aspect. I won’t go into details here. The Internet allows a lot.

The most direct impact of being a debtor is that he is restricted from high consumption, but debtors who really have no money to repay will not engage in high consumption behavior.

This is mainly aimed at those real old people who have money but do not want to pay it back.

After several years of hard work, the debtor can make money or pay off the debt, and he can apply to the court to revoke the height limit order and be removed from the blacklist.

With the approval of the court, the debtor can return to normal life.

In addition, the debtor can also negotiate with the bank and ask the bank to apply to cancel the execution. The blacklist can also be canceled with the consent of the court.

Therefore, after the debt is overdue, on the one hand, you must work hard to earn money to repay the debt, and on the other hand, you must actively negotiate with the bank and apply for a personalized installment repayment agreement. The bank will also give sufficient time for the debtor to earn money to repay the debt.