According to the management provisions of the Credit Reporting Regulations, the credit reporting agency will keep bad credit reports for 5 years, which means that the negative records of bad credit reports will be cleared every 5 years under normal circumstances. It can be automatically cleared, but if you want to eliminate your bad credit report, you must meet the following two conditions:

Requirement 1: The user must pay off all the money owed, including principal, liquidated damages and Penalty interest and other arrears. Requirement 2: The credit report will be cleared once every 5 years, starting from the day the debt is paid off. The bad credit report will be kept for 5 years after the debt is paid off, and will be deleted after 5 years.

The second requirement means that if you want to clear the bad credit record as soon as possible, you must pay off the debt as soon as possible. If the bad debt is not cleared, then the bad record will last for a long time, ten years. Twenty years is possible. But everyone should know that not all overdue items will be kept for 5 years. Credit cards are somewhat special. If your credit card is overdue, you will only be able to see two years of usage records on your personal credit report. , so when we deal with overdue credit cards, we should not rush to cancel the credit card after paying off all the outstanding balances, but continue to use the credit card and maintain a good usage record, and

use it as much as possible in life. For credit cards, if this continues for two years, the bad past due records will be covered by the good credit record.

In addition, it is worth noting that credit inquiry records will also affect an individual's credit report. Every time you inquire about your credit report, the time of your inquiry and all aspects of the inquiry will be displayed on your credit report. in daily life. When we are in urgent need of money, we first think of credit products such as Borrowing and Huabei Weilidai. These institutions will check everyone's credit report. If your credit report is good, they will lend you money. Most of us mistakenly believe that we only get credit inquiries when applying for a loan or credit card from a bank. However, there are many places to check credit information in daily life. If we check credit information too many times, it will affect the credit information and our own credit in a short period of time.

There is a special situation. Not all credit reporting systems will be cleared after five years. There is a kind of bad credit reporting that will follow people for a lifetime. This is what we usually call bad debts. Bad debts are those that cannot be recovered after collection and have passed the repayment period. If they remain in a sluggish state for a long time, they will become bad debts. The personal credit record of bad debts identified by relevant departments cannot be cleared and will follow the person for a lifetime. Therefore, when we are trying to eliminate personal bad credit, we must check whether we have any outstanding debts that have not been paid off. The liver has many impacts on our daily lives. A leaflet is considered a serious overdue situation in the credit report. If there is a bad debt in the credit report, it will be impossible to handle banking business and apply for a loan, and even affect daily life and travel. Bad debts have a great impact on our daily lives. Even if you pay off the debt, your bad credit record will remain on your credit report. Although we can actively ask the credit reporting department to clear this situation, we will still be affected to some extent.

So in daily life, we must pay off our debts in time, repay them on time, and not default on our accounts.

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