Can bad credit card records be eliminated? 4 ways to deal with bad credit

Credit cards are used by many people. In the process of using them, bad credit may be left behind accidentally. Recording, this has a great impact on individuals. Someone asked: "Can bad credit card records be eliminated?" The answer is yes, but there are relevant conditions. Below, I will introduce to you 4 methods to deal with bad credit.

According to the "Credit Reporting Industry Management Regulations": 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 deleted. That is to say, under normal circumstances, personal bad credit records can be automatically eliminated within 5 years, but there will be a special situation: that is, if the bad debts in the personal credit records recognized by the relevant departments (referring to the payment period that has passed, Debt collection cannot be recovered yet, and it is in a sluggish state for a long time). This kind of credit bad debt record will directly follow the individual for a lifetime.

Common ways to deal with bad credit card records:

1. Contact the bank proactively and negotiate a solution. If it is a non-malicious overdue, you can promptly and proactively contact the bank and explain the reasons. Generally, the bank will be happy to help if there is a reasonable basis, but you must seize the opportunity. If the overdue time is too long, it will be overdue. No effort.

2. Pay off debts in a timely manner and maintain good repayment habits. This method is suitable for overdue credit cards, that is to say: the cardholder pays off the debt in time and maintains good repayment habits thereafter, so that bad records will be covered by good records, thus forming a new and good credit record. , but the card cannot be canceled.

3. Submit a meaning application. If you have any objection to your credit record, you can bring your ID card and submit an objection application to the local central bank's credit reporting center. After the central bank verifies that there is indeed an error, it will be corrected based on the investigation results.

4. If you have bad credit due to bank reasons, you should apply to eliminate it immediately.

If your personal credit record is bad due to bank reasons, you should provide relevant evidence and contact the bank involved in a timely manner and ask it to eliminate the bad credit.

Although bad credit on credit cards will be eliminated after 5 years except for special circumstances, I personally think it is better not to leave a bad credit record. If you have a bad credit record, But what about needing a loan within 5 years? If you have a bad credit record when using your credit card, it is best to deal with it promptly.

What to do if a credit card has bad records

Nowadays, almost all major banks have launched credit card services. Many of us consumers, while enjoying the convenience and benefits that credit cards bring us, have bad records on their credit cards due to various personal reasons. How should we deal with these bad records at this time? Below is the knowledge I bring to you on how to deal with bad credit card records. Welcome to read.

How to deal with bad credit card records

Go to the bank to communicate in person

The more direct way to solve bad records is to go to the bank to inquire in person and communicate with the person in charge . The competition between banks nowadays can be said to be quite fierce. If our credit card has bad records, it will have some impact on the bank, so it is best for us to go to the bank ourselves and have a look at the banking system. Have you recorded your bad card usage records? If so, we need to communicate with the person in charge of the bank to see if we can eliminate the bad records.

Good card usage habits

We all know that credit is more important when using credit cards. Once our credit card is entered into UnionPay's credit history, it generally cannot be changed within a short period of time. When a card has a bad record, it’s best to continue using it and maintain a good card usage record. Make timely repayments, no overdue payments, no arrears, and no overdrafts. When good credit card usage records last for a period of time, we can effectively communicate with the bank to eliminate these bad card usage records as soon as possible.

Late repayment record

Some friends may be unable to repay their credit cards in time due to some personal reasons in their lives, and have bad records of overdue repayment. What to do in this situation? The easiest way is to repay immediately, otherwise the longer the arrears go, the worse our record will be. And in the future, you must make timely repayments according to the repayment period and amount to ensure a good repayment record.

Types of bad records and solutions

There are two main types of bad records, one is ordinary bad records, and the other is blacklisted bad records. Ordinary bad records are slight overdue repayments, which are relatively minor records. Generally, as long as we ensure timely repayment in the future, we may be able to cover the previous records. Blacklist records are bad records of cardholders who have not repaid in time for more than 180 days. At this time, we'd better ensure the habit of timely repayment for about a year, and then communicate with the bank to see if the bad records can be eliminated.

Do not cancel the card

Generally speaking, credit card records only show the usage in the last 24 months, and past records are difficult to query. Therefore, when bad records appear, we must not rush to cancel the card. Even if the bank urges us to cancel the card, we should ignore it. We only need to spend at least 1 yuan every month in the next 24 months and ensure timely repayment. Then in many cases the bad records will be covered and new records will be generated.

Special Situations

There is a special situation when credit card bad records occur, that is, due to the theft of personal identity information, the cardholder is impersonated without the knowledge of the relevant cardholder. Apply for a card and swipe a large number of cards, resulting in bad records. Or the credit card may be stolen or borrowed, and the cardholder may swipe the card for consumption without the cardholder's knowledge, resulting in bad records. When this happens, we must first explain the situation to the bank, and it is best to resort to legal means to resolve it.

Notes

When we apply for credit cards, it is best to control the number of credit cards processed and not apply for credit cards from many banks at once. This avoids the situation where only one card that is frequently used is forgotten and becomes a dormant card.

This experience is a personal summary and is for your reference only.

My credit card is overdue, how to deal with bad records?

How to deal with overdue credit cards and bad records:

1. If the credit card is not repaid on time, liquidated damages will be incurred, which is usually the minimum repayment amount and 5% of the unpaid part. %.

2. If the credit card is not repaid on time, high interest will be generated, and the interest will be compounded. If the debt is large, the interest will be a lot.

3. Overdue credit records will be stained, resulting in the inability to handle financial needs such as house purchases and loans within the next two years.

4. If the payment is overdue for more than 3 months, and the amount exceeds RMB 10,000, and the bank has failed to pay multiple reminders, you will not only have to bear the repayment, but may also bear criminal liability.

Extended information:

1. Overdue credit card repayment methods:

1. Within the card issuing bank: including card issuing bank counter, ATM, online banking, automatic transfer , telephone banking repayment, etc. After repayment, the credit card limit will be restored immediately, and the payment will generally be credited to the account after the system processes it on the same day.

2. Transfer, remittance and repayment: mainly divided into two methods: inter-bank in the same city and inter-bank in different places. Regardless of the method of transfer or remittance, the remittance bank will charge a certain fee. At the same time, the time it takes for the money to arrive and the convenience of repayment are not as good as intra-peer repayment, online repayment, convenience store repayment and other methods.

3. Online repayment: The more common online platforms in China include: UnionPay Online, Kuaiqian, Shengpay, Alipay, Tenpay, etc. Depending on the platform and bank you choose, the charging standards and specific payment arrival time will be different.

4. Convenience store repayment: This method mainly completes repayment through the "Lakala" smart payment terminal installed in the convenience store. It usually takes 2 to 3 working days to arrive. At the same time, There is no handling fee for repayment using this method.

5. Over-the-counter repayment: Over-the-counter payment refers to bank cards issued by various networked financial institutions. RMB current deposits and withdrawals can be made through the counters of other bank branches registered in the UnionPay Exchange Center host system. trade.

2. Precautions for overdue credit cards:

Cardholders should pay special attention to the last payment date of their credit card, which is the last day of the interest-free repayment period. Here Previous repayments were interest-free. If overdue, all consumption payments will no longer enjoy the interest-free repayment treatment. The bank will calculate interest on a daily basis based on the consumption amount as the principal from the day the consumption occurs. The daily interest rate is 0.5%, calculated on a monthly basis. Compound interest will be charged and late payment fees will be charged.

Credit card late payment fees refer to the situation where the cardholder’s actual repayment amount is lower than the minimum repayment amount on the due date of the credit card, and the cardholder must pay late payment fees for the unpaid portion of the minimum repayment amount, which is generally the minimum payment amount. 5% of the unpaid portion of the repayment amount, but due to different policies of each bank, the minimum amount set is also different.

Therefore, cardholders who have large overdrafts during the Spring Festival holiday must keep in mind the final repayment date after receiving the bill, and strive to repay all the previous expenses before the due repayment date. Pay off. If you really have no time to pay, apply for installment repayment as early as possible or adopt the minimum repayment method to avoid penalty interest from the bank.

People without financial income, such as students, should not apply for a credit card easily. Even if they do not use the credit card, they still have to bear the annual fee and other items. People who hold credit cards should give up using their credit cards and go through the card refund procedures in a timely manner. Otherwise, various credit card fees and subsequent interest, late payment fees, etc. will lead to personal economic losses and reduced credit, affecting mortgages, car loans, etc.

Baidu Encyclopedia-Credit Card

Baidu Encyclopedia-Overdue

That’s it for the introduction of how to deal with bad credit on credit cards.