Credit cards with overdue repayment records will not affect the purchase of air tickets for the time being. 20 13 The Regulations on the Administration of Credit Information Industry promulgated and implemented on March 5 stipulates that the retention period of bad credit records is 5 years. It is worth noting that the retention period of personal bad information by credit reporting agencies is 5 years from the date of termination of bad behavior or incident. Don't think that bad credit records will disappear automatically after five years, so you don't have to pay back the money you owe. The money must be paid off, but the records still need to be kept for five years.

First, the impact of bad credit records:

1. First, the borrower's loan amount will be reduced. After buying a house, the bank will review the credit of the lender. If you have a bad record and want to borrow 600 thousand, the bank may only approve 200 thousand.

2. Secondly, don't give the borrower preferential interest rate or raise the loan interest rate. If there is a bad credit record, the bank shall not give the borrower the preferential interest rate or raise the loan interest rate. Greatly affected the cost of loans.

3. If there are many bad credit records, all these information will be recorded. Banks can find these serious bad credit records of borrowers, and they will directly reject borrowers' loan applications.

4. Bad records may have an impact on recruitment, job hunting, renting a house and even going abroad for visas.

Second, bad credit records are mainly generated in the repayment process of credit cards or bank loans.

1. If the Sleep Credit Card is not activated, an annual fee will still be incurred. If you don't pay, you will have a negative credit record.

2. Credit card overdraft, failure to repay on time or failure to reach the minimum repayment amount.

3. If the repayment is not made on schedule or the interest rate is raised, the "monthly payment" will still be paid according to the original amount, resulting in overdue interest.

4. When providing guarantee for the third party, the third party failed to repay the loan on time, and my credit history was also implicated.

5. Being fraudulently used by others to create credit card arrears records.