There will be bad records.

With the implementation of the "China Bank Card Industry Self-Discipline Convention", banks have provided credit card holders with a service that allows three days of late repayment. However, each bank has different tolerances and allows less than the current period without interest. The difference is more than 10 times. The grace period for repayment of China Merchants Bank credit cards is three days. If the credit card is overdue for four days, a negative credit will be generated and the repayment should be made immediately.

If the repayer indeed forgets to repay the card, the cardholder can apply for a reduction or exemption of liquidated damages and interest charges arising from late repayment. The bank will consider the reduction or exemption at its discretion based on the comprehensive bill situation. If the cardholder has forgotten to repay for a long time and has been recorded in the credit report, he must not cancel the card at this time. He should continue to use the card, repay the loan on time, and cover the previous overdue record with a good credit record.

Extended information:

Methods for eliminating negative records produced by China Merchants Bank

1. Maintaining integrity and "erasing negative records" is the most effective method.

As long as the individual is honest and trustworthy in future credit activities, as time goes by, after two years, new and good records will gradually be refreshed and replace the old and negative records.

For example, a credit card that has not been used for a long time can also come into play at this time. The credit card holder can choose to deposit 1-10 yuan into the card every month to keep the status of the card changing. Then when the central bank extracts information, bad records will be erased. Don't take the so-called shortcut and think that canceling your credit card will keep your credit record away from you. That's just a way to "cover your ears and steal the bell". ?

2. Repay the debt as soon as possible.

As the saying goes, "It's easy to borrow and return, and it's not difficult to borrow again." A bad credit record will be eliminated over time from the day the borrower repays the debt. If the borrower never repays the debt, the bad credit record will remain on the credit report. ?

3. If the bad credit record is not caused by yourself, you can file an objection application with the central bank.

The Credit Reference Center will contact the commercial bank that provided the objection information for verification and respond to the objection applicant within the specified working days. In addition, you can issue a personal statement. If you have different opinions on your personal credit record, you can apply to the credit reporting system to submit a personal statement, describing the actual situation of the bad record and clarifying your personal opinions, and requesting its elimination at the same time. I often walk by the river without getting my shoes wet. ?

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