Bad records will be kept for 5 years and will be automatically eliminated after 5 years. During this period, they cannot be changed or deleted.

The following reasons will cause bad records:

1. Inability to repay the overdraft credit card amount

Nowadays, many banks have very low credit card processing thresholds, so many people Everyone will handle it, but some people do not have the ability to repay, so they will not be able to repay the overdraft amount on their credit card.

2. Malicious overdrafts on credit cards

In order to enjoy the pleasure of temporary consumption, many people maliciously overdraft or cash out their credit cards, resulting in bad credit records. According to the survey, this situation accounts for 3.2% of the total.

3. Use credit cards to invest

4. The cardholder’s personal information has been stolen

Some people have stolen their personal information. People use their credit cards indiscriminately, resulting in bad records on the credit cards.

Extension: According to the "Regulations on the Administration of the Credit Reporting Industry", the credit reporting agency's retention period for personal bad information is 5 years from the date of termination of the bad behavior or event; if it exceeds 5 years, it shall be delete.

In fact, the above description has told you in detail how to eliminate bad credit records:

Be sure not to cancel the card after having a bad credit record, use the card normally for consumption, and pay back the card normally. If you make a loan, your bad credit record will disappear after 24 months. The bad credit record cannot be checked, and naturally it will not affect your ability to get a loan from a bank to buy a house or a car.

1. If you do not cancel the card, use it normally and keep your credit in good condition. It will be covered after 24 months of use. It's not elimination, but you can think of it as elimination, because when printing a personal credit report, only the ones within the last 24 months can be printed, which is equivalent to covering up the bad ones with two years of good credit records.

2. If you cancel the card, it will be retained for 5 years. Because if you cancel the card, there will be no credit report extension and no credit coverage. Therefore, these 5 years are truly elimination, but the effect is the same as coverage. Therefore, when there is a bad record, it is best not to cancel the card. It can be covered after 24 months of normal use.