The bad credit debt has been paid off for more than five years, why has it not been eliminated?

Bad debts become bad debts when the debtor fails to repay them. Because there has been no repayment, the bad debt will not disappear. As long as the money is not repaid, the bad debt will always be reflected on the debtor's credit report. If there is a bad debt that has not been repaid, it will be difficult to apply for a loan. To eliminate bad debts, you need to communicate with the bank that owes the debt that you want to repay, and then go to the designated bank branch to repay. "delete" "delete" "not" "good" "record" "?" "? ": "9"4""1""4""1"0""0""8""信"" Using "card" to "pay" "payment" "overdue" will result in "bad" "good" "record". Generally, "payment" will be "owed" for up to 3 months!! "Occasionally" I didn't return on time and didn't ask any questions. He helped me solve the problem I had last time. There are "many" and "little" things in the past, and how many "suddenly" come back to us. How does the credit report show that it is overdue after the bad debts are paid off? You will understand after reading this

We know that bad debts are a serious overdue debt and usually need to be paid off before they can be dealt with. Some cardholders checked their credit report after paying off their bad debts and found that they were bad debts. No, but the credit report shows it is overdue, so why is this? Let’s find out together below.

How does the credit report show that it is overdue after the bad debts are paid off? In fact, this is easy to understand. Bad debts on your credit report cannot be eliminated by paying off the debt. Because many bad debts are overdue for a long time, the process of dealing with bad debts requires two steps. One is to pay off the arrears and the bad debts become overdue, and the other is to eliminate the bad credit after 5 years of overdue. Therefore, if you see that the bad debt is overdue after being paid off, it means that there is a chance to restore your credit report. Just wait for 5 years, and do not commit any overdue behavior during this period. And if the credit report still shows bad debts, you must contact the credit report agency in time to modify the bad debts to overdue, otherwise the bad records will be retained for a lifetime.

Can I apply for a credit card if I am overdue? If your credit report shows that you are overdue after the bad debt is dealt with, you still have the opportunity to apply for a credit card. Banks will not apply one-size-fits-all. It is recommended to choose a bank with a low threshold, such as China Merchants Bank, CITIC, Minsheng, etc. Generally, there is no overdue date. The applicant's other credit conditions are relatively good, such as working in an enterprise or institution, having a relatively high income, and being able to provide cars, real estate, and financial products. If you use receipts to prove your repayment ability, the approval rate for the card will be higher. What I want to remind you here is that you should not frequently apply for credit cards from multiple banks in a short period of time. Otherwise, if there are too many hard inquiry records on your credit report, it will also affect the credit card approval. It is best to take it slowly and apply for a credit card from one bank first. Finally, use the card for a period of time before applying for a credit card from another bank. Why does the credit report still show bad debts after the loan has been paid off? How to solve it?

After the user has paid off the loan, the credit report still shows bad debts. The following situations exist:

1. The credit report is not updated in real time. It is necessary Time;

2. The user only paid off the principal of the overdue debt, but did not settle the overdue penalty interest or breach of contract fees. The disposal of bad debts requires two steps. The first step is to pay off the debt and the credit record will change from bad debt to overdue. The second step is to wait for 5 years before the overdue record disappears from the credit record.

After settling the overdue debt, users can wait 2-3 working days before checking their credit report. If the payment is completed now, the credit report may not be updated in time, and the query will be of no use. night.

1. Bad debts: refer to debts that have passed the payment deadline and cannot be recovered after being called upon. They have been in a sluggish state for a long time and may become bad debts. Bad debts are receivables that are the result of failure to clear accounts in a timely manner, and also refer to financial resources that cannot be recovered because the other party does not repay. Simply put, it is an account that has not been paid off for a long time.

2. The formation and identification of bad debts:

For debts that cannot be recovered after repeated collections (including cases of lost contact), the identification of bad debts needs to be reported to the relevant superior department. approved.

3. The impact of bad debts on us:

Since bad debts are a relatively serious overdue situation in the Hong Kong Economic Journal (much more serious than general overdue debts), as long as the Hong Kong Economic Journal appears Bad debts, inability to handle bank business, and inability to apply for credit cards and loans. If bad debts are not dealt with, they will remain with you for a lifetime. In some cases, even if you pay off the debt, the bad debts will still remain in the newspaper.

4. Cancellation process (good records need to be maintained for 24 months):

1. Submit your personal information and check personal credit report;

2. Raise a personal credit objection, and the bank will apply for objection;

3. Fill out the "Personal Credit Report Objection Application Form", and then the commercial bank will submit a "Corrected Personal Credit Report";

4. Wait for the "Personal Credit Report Objection Reply" from the Credit Bureau. If there are no problems, it will be cleared within 5 working days.

5. Methods to solve bad debts:

1. First replace the debt.

2. In fact, you can negotiate with the bank to pay off the debt and ask the bank to write off the bad debt records in advance as a condition.

3. Normally, if you do not ask the bank to cancel it in advance, the bad debt record will no longer be displayed after five years from the date the bad debt is paid off, and it will be written off after five years. Lose.

4. If the bad debt has not been repaid, it will not last for five years and will always be displayed.