After the user pays off the loan, the published overdue credit records will be kept for 5 years, and the overdue records will be automatically eliminated after 5 years.

The repayment record in the credit information has changed from the previous two years to five years. In the past, credit card users could cover the original overdue through two years' timely repayment after their credit records were overdue. After the implementation of national policies, this situation has become more difficult. If the credit card is cancelled, it is still in the five-year record, and there will still be a repayment record in the credit investigation.

Adverse effects of credit report

Bad credit reports have many effects. The most common impact is that users with poor credit information will be rejected by banks when applying for loans. If you have bad credit, you can't apply for a credit card, and there will be no agency approval. In addition, bad credit reporting will be restricted in some high-consumption behaviors, such as flying and staying in star-rated hotels.

If the user is reported overdue for a long time, I should not only pay off the arrears, but also remember to repay the penalty interest given by the relevant institutions, and do not cancel the card immediately. After the repayment is settled, I will continue to maintain good consumption habits. If there are no other bad records in the credit investigation after 5 years, the previous bad records will be automatically covered in the credit investigation. Except for mortgages, most of the loans of relevant institutions only need to refer to the credit records within two years.

How long will it take for the credit card to be overdue to erase the record?

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.

How long will overdue records be eliminated?

Overdue credit records will be eliminated after five years. The overdue records in the credit investigation will be kept for 5 years, but they will be paid off in time, and then a good credit investigation record will be maintained. The original overdue records have limited negative impact on users' credit information. Moreover, the longer the time interval, the smaller the impact, but the credit business application within 2 years will be affected.

Extended data:

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The full name of flower bud is ant flower bud, which is a consumer credit product launched by Ant Financial. After the application is opened, you can get a consumption quota ranging from 500 to 50000 yuan. When spending, users can prepay the amount of ant flowers and enjoy the shopping experience of "spending first, then paying".

On August 4, 20 16, the Ant Flower Garden Consumer Credit Asset-backed Securities Project was listed on the Shanghai Stock Exchange, which is also the first ABS of Internet consumer finance on the Shanghai Stock Exchange. By June of 20 18 and 1 year, Ant Financial has voluntarily increased the capital of two small loan companies by 8.2 billion yuan, and the registered capital has increased from 3.8 billion yuan to/kloc-0.2 billion yuan.

202 1. 9. 22 It is reported that the flower buds have been connected to the central bank's credit information system, and users can't use them if they refuse to access them. The industry believes that banks and other financial institutions have experience in capital and risk control, while Huayuan has consumption scenarios and risk control data. Both sides have their own strengths and complementary advantages. Therefore, cooperation can not only make finance truly serve the reasonable consumption needs of users, but also better control risks, reduce capital and service costs, which is conducive to the development of the industry.

According to the comprehensive consideration of consumers' online shopping, payment habits and credit risks, Ant Flower Garden grants users spending quotas ranging from 500 to 50,000 through big data calculation and risk control models. The amount of ant flower buds is awarded according to the behavior of consumption and repayment accumulated by users on the platform. The behavior of users on the platform is dynamic, and the corresponding quotas are also dynamic. When the user performs well in a period of time and meets the withdrawal policy, it is corresponding.

How long can overdue personal credit records be eliminated?

After the debt is repaid, if it is not overdue, this overdue record on the personal credit report will be automatically eliminated after 5 years.

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.

As long as good credit behavior is maintained within five years, these bad information will disappear after five years. For example, after the credit card is overdue, it will be paid off in August 1. Then, from August 1, this record will be deleted after 5 years.

After the credit report is processed, it depends on whether the credit report of the People's Bank has been processed. The People's Bank is a private credit reporting institution with complete records and a wide range of services. Users can query the online loan records of the past 12 months, online black index score, estimated amount, etc., and the query is also very simple.

Just search: Lan Bing data. Click Query, enter information to query your own 100-line credit data, which come from the national online lending platform and UnionPay. Users can query their own big data and credit status, obtain various index data, and query their own personal credit status, blacklist status, online loan application records, application platform types, online loan credit line estimation and other important data information.

Compared with the central bank's personal credit report, the personal credit record is a part of the personal credit record and a useful supplement to the traditional personal credit report.