1. How long does it take to recover from a credit card breach?

After paying off the debt, it will take five years to recover. Once we have an overdue behavior when using a credit card, and the bank sues the cardholder, if he is still unable to repay, the court will classify the cardholder as a dishonest person. Bad personal credit records will be calculated from the date the user pays off the debt and will be completely eliminated after 5 years.

That is to say, after the cardholder breaks his trust, the bad records will be deleted only after the cardholder repays the debt and waits for 5 years. During this period, overdue behavior must not occur again, otherwise the deletion time of bad records will be recalculated from the date of repayment of the debt.

2. What are the consequences of credit card breach of trust?

Once we become a breach of trust, not only will the credit card be unable to be used, but even daily consumption and travel will be affected. People who break their trust will not be able to spend too much, and online shopping will also be restricted, and stock trading, house buying, and travel will also be affected. It is also impossible to apply for loans from banks, microfinance companies and other financial institutions. Not only is it difficult to use loans to circulate funds, but even applications for home loans and car loans will be rejected.

What’s even worse is that if you become a dishonest person, you will not be able to stay in a star-rated hotel, apply for a visa to go abroad, and even travel will be negatively affected.

3. Can a credit card be continued to be used if the credit card is broken?

The credit card of a person who is dishonest can no longer be used. Not only that, the person who is dishonest cannot get a loan. In short, a dishonest person cannot apply for any credit business. Only after the cardholder fulfills its repayment obligations will the court remove the party from the list of dishonest people and the party's credit will be repaired. Apply for a new credit card or loan.

In addition, we also need to note that even if the debt is paid off, it does not mean that the use of the credit card can be resumed. If the credit card is overdue for too long, the bank will not be willing to continue to allow the cardholder to use the credit card, and the bank will have to wait until the bad records are completely deleted before reapplying for a credit card.

In short, the above is all about how long it takes to recover from credit card default. Although the impact of becoming a credit defaulter is very bad, as long as the debt can be paid off, these negative effects will stop. After the bad records are deleted, you can continue to use both loans and credit cards.

If there are any unclear or new situations, we recommend that you call us directly for free consultation so that you can understand the communication case situation and provide you with detailed and targeted answers to avoid problems due to incomplete information and poor communication. , the answer is wrong.