1. What should I do if I have a bad credit record? 1. Bad records can be deleted. Bad records will exist in your personal credit record for 5 years. If you pay back all the debts, the bad records can be deleted after 5 years. If the bad credit record is just caused by the credit card, as long as you insist on repaying it in full and on time for 2 years, the bad credit record will be eliminated and your personal credit report will return to normal. If the bad record is not due to personal reasons, you can ask the bank to issue a certificate for you that the debt is not malicious. 2. Everything has its own seriousness. If your bad record is 3 times in a row and 6 times in total within two years, then basically every bank will refuse to lend to you. If it is overdue from 2 to 5 years, and a bank with an overdue record will issue you a non-malicious overdue certificate, then the bank will still give you a loan, but for other customers with good credit records, your loan interest will be increased. , the amount should be reduced. 3. Cancellation of cards cannot eliminate bad records. Some people may think that if you pay off the balance of a credit card with bad records and then cancel the credit card, the bad records will also be eliminated. it's out of the question. If you want to restore your credit record to normal, you can only continue to use the credit card for 2 years, maintain good repayments, and wait until the bad record is eliminated before canceling the card. 4. Seriously overdue. If you are seriously overdue, no one can help you with this problem. You have already entered the bank's blacklist. It is impossible for the bank to lend you a loan, you just choose to buy the house with all the money yourself. I would like to remind everyone, don’t believe the little advertisements outside that say you can eliminate bad records, they are all lies.
2. Frequently Asked Questions and Reminders 1. Student loans will also affect personal credit. Many students applied for student loans when they were in college. Some of them did not overdue maliciously, but just because they did not know how to Repayment or forgetting to repay will result in overdue payment. Then such overdue decision can be made based on the specific circumstances. If it is only overdue once or twice, you can go to the bank to issue a non-malicious overdue certificate. Loans are generally not affected. If it is more than one or two years, you need to repay it monthly (it is best to repay it in installments, so that the bad credit record can be covered one by one). You can not apply for a mortgage until the balance is paid off in full and two years later. 2. Failure to pay the annual fee affects your credit report. If your overdue payment is only due to the unpaid annual fee, you can directly go to the relevant bank to issue a "non-malicious overdue certificate". 3. Commercial banks have the final say on whether they can get a loan. Some netizens once called the credit reference center to ask whether they could get a loan, but they were rejected. Let me tell you that the Credit Reference Center of the People's Bank of China only provides personal credit reports for commercial banks to refer to when approving your loan application. Whether you can ultimately get a loan depends on the result of the commercial bank's loan approval, so you have the time and energy. It’s better to go to the bank for consultation. 3. Will the down payment be refunded if there is a problem with my credit report? This question mainly depends on how much you paid. If it is a deposit, it cannot be refunded. If it is a deposit or earnest money, it can be refunded. Some netizens also found out that they could not get the loan after paying the down payment. The house can be returned, but you have to bear the main responsibility and compensate the developer for the corresponding liquidated damages as stipulated in the house purchase contract.