Credit compensation generally refers to the situation that the borrower fails to repay the loan within the time limit and is compensated by a guaranteed insurance company. If your credit report shows credit compensation, it is even more serious. Because credit compensation is also a credit stain, which is much more serious than simple overdue and similar to the nature of loan users.

And if you don't change it in time, this credit stain may accompany you for life. In the future, I want to apply for all kinds of bank credit loans, but I can't even do the most basic credit card (debit card), so I'd better contact the compensation insurance company for repayment and see if I can apply for a credit card (debit card) after I pay it off.