Details are as follows:

1. Generate credit records according to personal credit status, including loan records, credit card usage, default records, etc. When an individual has overdue repayment behavior, this behavior will be recorded in the credit information system, which will affect the personal credit rating.

2. According to the regulations of the People's Bank of China, overdue records will be automatically cleared after a period of time. Under normal circumstances, overdue records will be cleared after 5 years. This means that if an individual has overdue records in the credit information system, as long as he waits for 5 years, the overdue records will be cleared and will no longer have an impact on personal credit.

3. After the credit records are cleared, the personal credit rating is recalculated, and the influence of overdue records on personal credit disappears. This means that after the credit record is cleared, individuals have the opportunity to re-establish a good credit record, thus improving their credit rating.

4. It is worth noting that the clearing of credit records only refers to the clearing of overdue records, and other types of credit records, such as loan records and credit card usage, will still remain in the credit information system.

5. If an individual needs to apply for financial products such as loans or credit cards before the overdue records are cleared, banks and other institutions will make a decision based on factors such as personal credit records.

Summary:

According to the regulations of the People's Bank of China, overdue records in the credit information system will be automatically cleared after 5 years. After clearing, the personal credit rating will be recalculated, and the influence of overdue records on personal credit will disappear. However, other types of credit records, such as loan records and credit card usage, will remain in the credit information system.

Extended data:

Credit information system refers to a system that records personal credit information and is used to evaluate personal credit status. The credit information system is managed by the People's Bank of China. Credit records have an impact on personal credit rating and credit line application. Therefore, maintaining a good credit record is of great significance to personal financial activities and life. Timely repayment and good lending behavior are very important for maintaining personal credit.

The above is the answer about whether the overdue credit record will be cleared after 5 years.