If there is a bad credit record only in the credit report, it will only affect my handling of bank loans, mortgages or guarantees.

However, if you are included in the list of dishonest persons or are listed as the target of joint law enforcement by multiple departments, the restrictions and impact on you and your close relatives will be very great:

1. Unable to apply for loans and credit cards

2. Impact on high consumption, such as travel: after being included in the credit system, you cannot take planes, trains, etc.;

3. Impact on employment: many large companies A background check will be conducted on you before you join the job. If your bad credit record is found, you will definitely not be able to join the job;

4. Impact on the family: It also has a certain impact on the family, such as If one person in the couple has a bad credit record, the other person will be rejected if he wants to get a loan to buy a house or a car;

What is the method to restore the credit score of a credit card overdraft

1 . Pay off the debt immediately: Once you find that you have overdue repayment, you should pay off the debt immediately, and then contact the bank customer service to inform the customer service that you are not maliciously overdue, and have already paid back the debt, and apply to the bank not to charge you Report the overdue record to the credit report to ensure that the debt will be repaid as scheduled in the future. As long as the user is overdue for the first time, the general bank will agree to the user's repayment application.

2. Appeals can be made: If the user does not overdue maliciously, but finds that the bank has reported his overdue record to the credit report when he is overdue, the user can quickly contact the bank to explain the situation. After approving the user's original credit report, you can apply for revocation of the credit report and appeal to the credit report center. As long as the appeal is accompanied by supporting documents from the bank, the appeal can generally be successful.

3. Make use of the bank’s time tolerance: As we said above, banks have a grace period, so users must understand the specific period of their credit card and the final repayment time to avoid Check for credit at the meeting.

4. Credit coverage: If the fact of the credit report is irreversible, the user does not need to worry at this time. The overdue repayment record will not accompany us, as long as the user guarantees that no overdue repayment will occur in the future. records, then your credit report will be overwritten after 2 years, and the bad credit records will completely disappear from the credit system after 5 years.

Legal Basis

"Regulations on the Administration of the Credit Reporting Industry"

Article 16 The retention period of personal bad information by credit reporting agencies shall start from the bad behavior or incident. It shall be 5 years from the date of termination; if it exceeds 5 years, it shall be deleted.

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

Article 25: If the information subject believes that there are errors or omissions in the information collected, stored, or provided by the credit reporting agency, he or she has the right to raise objections to the credit reporting agency or the information provider and request corrections.

When a credit reporting agency or information provider receives an objection, it shall mark the relevant information as objectionable in accordance with the provisions of the credit reporting industry supervision and administration department of the State Council, and conduct verification and verification within 20 days from the date of receipt of the objection. Process and respond to the opponent in writing with the results.

If after verification, it is confirmed that there are errors or omissions in the relevant information, the information provider and the credit reporting agency shall make corrections; if it is confirmed that there are no errors or omissions, the objection mark shall be cancelled; if it cannot be confirmed after verification, , the verification status and objection content should be recorded.