Bad credit records usually take five years to get rid of. According to the "Regulations on the Management of Credit Information Industry", the retention period of bad information of personal loans is 5 years from the date of loan settlement; Bad information such as overdue credit card records shall be kept for 5 years from the date of settlement of credit card arrears. More than 5 years, should be deleted.

In fact, the premise of canceling the credit record five years overdue is "event termination", that is, the overdue amount and penalty interest must be paid off first. Time starts from the date of repayment, and bad records will be deleted after five years. Thirdly, it is necessary to pay off all overdue debts and default interest, and the credit stain will be eliminated after 5 years.

According to Article 16 of Chapter III of the Regulations on the Administration of Credit Information Industry issued by the State Council, the retention period of bad personal information of credit information institutions is five years from the date of termination of bad behavior or events, and it will be deleted if it exceeds five years. The meaning of "the date when the bad behavior or event ends" is that it will be deleted after five years only after the arrears are paid off. Sorry, these bad credit records will accompany you for life, if you don't pay them back within the time limit! If you check the credit again in the next five years, I'm sorry, it will take another five years to recalculate!

For example, your credit card will expire in June 5438 +2020 10, resulting in a bad credit record. If all overdue debts and default interest on overdue debts are paid off in May 2020, bad credit records will be eliminated after May 2025; If all overdue debts and default interest are paid off on 202 1, the bad credit record will not be eliminated until 2026.

Therefore, the statement that "overdue credit information will be automatically eliminated regardless of more than 5 years" is inaccurate! This misunderstanding often leads to the existence of overdue records after five years. To eliminate the credit stain, we must pay off the arrears and wait for the next five years. And no one can eliminate it except yourself.

Extended information:

According to the Regulations on the Administration of Credit Information Industry, the retention period of personal bad information by credit information agencies is 5 years from the date of termination of bad behavior or incident. More than 5 years, should be deleted.

The starting point of five years here is the day when the bad behavior or event ends, not the day when the bad behavior happens. In other words, you have a pen X that is overdue, and you can only delete it after you pay off the arrears for five years, instead of automatically eliminating it five years from the overdue date.

When the information in the personal credit report is wrong, there are two ways to deal with it: bring valid identity documents and the original and photocopy of the personal credit report, and submit an X application to the local branch of the People's Bank of China; Or directly contact the bank that handles banking business.

The Credit Information Center of the People's Bank of China and the banks handling the business will immediately check and correct the wrong information after receiving the X application, and give a reply within 20 days.

How long does it take to eliminate personal bad credit records?

Personal bad credit records can be eliminated after 5 years, but only if individuals can repay in full and on time within 5 years.

If we don't have any bad records in the process of using credit cards, then the personal credit records you check will only show the data in the last two years.

However, if you have a bad record, such as overdue, then this bad record will continue to be displayed on your credit report for five years. It will take five years to cancel the account or pay the arrears later.

Legal basis:

Article 16 of the Regulations on the Administration of Credit Information Industry

The retention period of personal bad information by credit reporting agencies is 5 years from the date of termination of bad behavior or incident;

More than 5 years, should be deleted.

During the retention period of bad information, the information subject may explain the bad information, and the credit reporting institution shall record it.

Credit records will not be erased, but will be kept forever, and will not be erased but will be overwritten. It's just that the general credit report only shows records within 5 years, and those more than 5 years will be covered.

First, with the withdrawal of the online lending platform and the fact that many people know the harm of consumption in advance, the value of personal credit information is gradually reflected. When a friend goes to a bank for a loan, he usually hears that he needs to check the applicant's personal credit information and then review whether it meets the conditions before approving the loan.

1. The central bank inquires about the personal credit report.

First of all, you need to bring your ID card and check your credit status at the bank where you open an account. Second, online inquiry can be made at the Credit Information Center of the People's Bank of China. You can also go to the local designated place to inquire.

2. Check personal credit report online.

If you have overdue records online or loan records on multiple platforms, your records will be subject to big data risk control. At this time, your credit application will be rejected frequently, and even your flower garden will be closed. If your big data is abnormal, you can go to WeChat: Xin Xiaojin to check and get your own big data and credit status. You can also obtain various indicators such as blacklist, online loan application record, application platform type, overdue, multi-head lending, arbitration cases, and other important data information.

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The credit report is overdue for six times. When can it be eliminated?

First of all, answer directly.

Has been blacklisted and this record will be kept for five years.

Second, the specific analysis

Of course, these five years don't mean from now on, but after you pay off all your debts. If your credit card is overdue, don't cancel it in a hurry.

After paying off the debt, it will take at least two years, even if the bank lets you cancel it. After two years of diligent use, you can spend a small amount, then repay in time and brush off the previous records.

If you apply for a credit card or loan after two years, there will be hope, instead of waiting for five years. Of course, income and stability are the foundation of everything. Credit card can add a lot of convenience to life, and it can accumulate credit in use, but it should be used reasonably.

After the deadline, it not only generates five ten thousandths of interest every day, but also interests. The longer the overdue period, the higher the interest. If the amount is too large, there is still the risk of being sued by the bank. Once you become Lao Lai, you will be restricted to take high-speed trains, planes and go abroad in the future. The era of credit has begun, please cherish your credit.

In order to maintain a good credit record, we should also pay attention to our online loan big data in time. This can be done by: building a quick check in the north, clicking on the query to see our own online loan big data report, so as to maintain good credit at all times.

3. How to wash the overdue credit report?

Credit investigation is very important for everyone, because it is an important basis to reflect personal credit. If the credit card or loan repayment is overdue, it will leave a bad credit record on the credit report. Then, how to wash the overdue credit report?

The bad credit records on the credit report should be kept for at least five years, and they cannot be deleted artificially, so there is naturally no way to whitewash them within the five-year period of record keeping.

However, when the credit is overdue, the arrears will be paid off in time, and good credit will be maintained afterwards, so the overdue records will be automatically eliminated after 5 years. Of course, if you are overdue during this period, the retention period of this record will be extended.

However, if you are overdue by accident or due to unexpected circumstances, you can pay off the arrears as soon as possible, and call the bank to inform the bank of the specific situation in the early stage of overdue. If there are reasons, the bank may not report the overdue situation to the credit after consideration.

How long can overdue credit cards be eliminated?

The overdue record of credit card can be completely eliminated after 5 years, but if it is repaid on time within 24 months, the previous bad credit record will be refreshed.

Credit card overdue solution:

1. If the cardholder forgets to repay and finds it overdue, he must repay as soon as possible, preferably in full. Call the bank's credit card center and declare the non-malicious arrears. If the overdue time is short, the bank may not calculate the bad record;

2. When the credit card cannot be repaid due to unemployment, illness and other reasons, before the repayment period, the cardholder should take the initiative to get in touch with the bank credit card center to explain his financial situation, declare that he is not in bad faith, and apply for deferred repayment or installment repayment;

3. When the cardholder voluntarily applies for deferred repayment, the bank will often agree to defer repayment, and the bank and the cardholder will agree on a repayment plan acceptable to both parties. In this way, the bank will not record bad records, but it must repay on time after applying for an extension;

4. Credit card repayment information The central bank's credit information system rolls for 24 months, and the credit card overdue repayment record will be kept in the credit information system for two years. If the card is found to be cancelled directly after it is overdue, the information will not scroll, but will be kept for a long time.

Therefore, after the cardholder is overdue, it is best not to cancel the credit card immediately. It is best to stick to it for more than 2 years and then maintain a good credit record.

Extended data

Consequences of overdue

1. The liquidated damages are generally the minimum repayment amount, that is, 5% of the unpaid part.

2, the interest rate is high, and it is rolling interest. When there are many debts, the interest rate is scary.

3. Overdue will tarnish the credit record, resulting in the inability to handle financial needs such as buying a house and lending in the next two years.

4. The overdue payment is more than 3 months, and the amount exceeds 1 000 yuan, and the bank has repeatedly failed to make dunning. At that time, you will not only pay back the money, but also bear criminal responsibility.

Baidu Encyclopedia: Credit Card