Legal analysis: after being blacklisted by the bank, you must not pay back the money. Users who are classified as refusing credit by relevant banks, the blacklist data are kept in the personal credit information system of the central bank for five years, and negative information such as particularly serious and obviously malicious bankruptcy is kept for ten years. If the retention period exceeds, the negative record will be deleted in the personal credit report. Once in loans overdue, the credit record shall be kept for 5 years. After all the loans (including late fees, interest and compound interest) are paid off, the loans overdue record will be eliminated after five years.

Legal basis: Article 35 of People's Republic of China (PRC) Commercial Bank Law. Commercial banks should strictly examine the borrower's loan purpose, repayment ability and repayment method.

Commercial bank loans shall be subject to the system of separating loan review from grading approval.