What are the consequences of hacking into credit information?

According to the credit management regulations, personal bad information records are not lifelong stains, and can be eliminated in five years, so don't worry about affecting you for a lifetime.

The regulations also stipulate that the retention period of personal bad information by credit reporting agencies is five years from the date of termination of bad behavior or time, and it will be deleted after more than five years. There will be no record of your credit investigation for five years from the day you pay off your debts.

Now that the credit card is overdue, it should not be cancelled. It should be kept for two years to rebuild a good credit record, because the credit status of commercial banks only examines the transactions in the last two years.

How does the hacking of credit information affect your existing credit card?

If the credit information is hacked, it will not have much impact on your existing credit card, unless you need a loan and need a bank to check the credit information, which will have an impact. If the credit card is used normally and repaid on time, there will be no problem. However, once the existing credit card is overdue, the bank will definitely notice your credit stain, which will have an impact on your future cash withdrawal or credit card business. The loan will definitely not be approved. It has been five years.

Finally, I would like to remind you that the use of credit cards must not be overdue, but they can be used in stages before the expiration. The credit black spot caused by overdue will affect your future loans, especially mortgages, which will be troublesome. Paying back on time and not overdue is an important point in the use of credit cards. I hope you can make good use of them in the future.

Since there are black spots in the credit report, you should pay back the arrears and use the credit card normally in the future. Fail to return it within the time limit. You can use your existing credit card safely. Don't apply for a credit card in the last two years, there is a great chance that the application will not be approved.