Canada's credit card has been owed for five years, and it is very likely that it will enter the credit information system in Canada. If you are not in Canada, your life may not have much impact. On the contrary, it will definitely bring some negative impacts on your normal work, including your house purchase. No matter where you are, you must repay the loan within the specified time, otherwise it will affect your later use.

1. Requirements for applying for a credit card.

Because credit cards have the function of overdraft, that is to say, they can make purchases by credit card without money, so not everyone can apply for credit cards, and banks only issue credit cards to people they think are honest. Compare and see if you meet the requirements for issuing credit cards by banks: 1. You are between 18 and 65 years old; 2. Have a stable occupation and income; 3. Have good credit and the ability to repay interest on time; 4. Natural persons with full capacity for civil conduct (robots, vegetarians, minors and a certain degree of mental illness are not allowed). If you haven't met the requirements for applying for an ordinary credit card, you can apply for a supplementary card through your parents or spouse. To apply for a supplementary card, you must meet the following conditions: 1. A natural person with full capacity for civil conduct or limited capacity for civil conduct; 2. Applicants for supplementary cards who are over 13 years of age; and 3. Applicants who are under 16 years of age must provide a copy of their household registration book when applying. In addition: some cards can not be applied by everyone, and they have some special requirements for cardholders.

second, the loan needs to be repaid in time.

Nowadays, many people have credit cards, because they are very convenient to use. When their money can't flow normally, credit cards are a very good choice, but everyone needs to be vigilant. Although its requirements for applying for a credit card are very low, we should consider our own situation clearly. For students or people with poor repayment ability, it is not recommended to use a large credit card, and the approval of a credit card also has certain requirements. If you don't have a strong repayment ability, it is not recommended to use it. After all, it will affect your life, or it will affect your credibility in the next five years. It's better not to neglect it, try to repay as much as possible, and it's best to pay it back in full at once.