Credit laundering is not true. Everyone's credit report is pushed to the People's Bank of China's Credit Information Center by big data for recording, and cannot be modified manually. Even relevant personnel working in banks cannot view or modify personal credit records without authorization. If the credit report is overdue for any reason, it is unreliable no matter what method you use to repair the credit report. The only thing you can do is to pay off the debt and wait for 5 years before the credit report is overdue. Letter updated.

What behaviors affect personal credit reporting

1. Overdue credit cards

Nowadays it is very convenient for everyone to apply for a credit card, so people who have credit cards now are very Many, but everyone must repay on time after using a credit card, otherwise it will cause overdue situations. Once the credit card is overdue, it will affect the personal credit report, so everyone should pay attention when using credit cards. Generally speaking, credit cards have continuous Three late payments or six cumulative overdue payments within two years, or failure to repay overdrafts will affect your personal credit score.

2. Too many credit inquiries

If you need to go to the bank to apply for a loan to buy a house, then everyone will definitely check their credit information before applying for a loan, and some People make inquiries more than once, but checking credit record records too many times will also affect personal credit records. Because the number of inquiries, which banks make inquiries, and the purpose of inquiries, etc., all objectively reflect the customer's credit level. If there is only one loan under your name, but your credit is inquired by multiple banks, then the bank has reason to doubt your ability to repay the loan. Not good and considered a risky customer.

3. Excessive debt

Nowadays, there are many channels for people to apply for loans, so some people will apply for loans at places other than banks, but if they want to apply for Mortgage loans are definitely only available through banks. When approving a home buyer's loan, a general bank will also examine the home buyer's repayment ability and debt situation, so banks can also check your loan records elsewhere. If the bank finds that the debt ratio is too high If it is high and reaches more than 70% of personal income, banks will question its repayment ability and it will be difficult to apply for a loan.

How long does it take to eliminate overdue credit records

1. Loan overdue records

According to the credit management regulations, overdue loan bad records will be included in the credit system Retained for 5 years. That is to say, after a loan is overdue, you need to wait 5 years before the record will be automatically deleted. Note that the 5-year period mentioned here means that it can be eliminated after 5 years from the date the user pays off the debt. If the borrower never repays the debt, the overdue record will remain.

2. Credit card overdue records

Credit card repayment information is recorded on a rolling basis in the central bank’s credit reporting system, and the recording period is 24 months. That is, only the personal credit reporting information is recorded on a rolling basis. You can see the usage of your credit card in the past two years. After the user has overdue behavior, he will pay off the debt in time, use the credit card continuously for 2 years, and maintain a good repayment record during the use. Then after 2 years, the bad records will be covered by good records. . However, if a credit card user cancels the credit card immediately after paying off the overdue amount, the bad records will be retained for a long time.