Personal credit reports are cleared every five years.

The negative information records in the credit report will be retained for 5 years, starting from the date when the bad behavior or event is terminated; if it exceeds 5 years, the credit report agency will delete the bad information. However, within the retention period of adverse information, the information subject may explain the adverse information, and the credit reporting agency shall record it.

Legal basis: Article 16 of the "Credit Reporting Industry Management Regulations":

The credit reporting agency's retention period for personal bad information is from the date of termination of the bad behavior or incident. 5 years; if it exceeds 5 years, it shall be deleted. During the retention period of adverse information, the information subject may explain the adverse information, and the credit reporting agency shall record it.

Article 17: Information subjects can inquire about their own information from credit reporting agencies. Personal information subjects have the right to obtain their credit reports for free twice a year.

Article 18: When inquiring about personal information from a credit reporting agency, the written consent of the information subject must be obtained and the purpose agreed upon. However, this is excepted where the law stipulates that inquiries may be made without consent. Credit reporting agencies shall not provide personal information in violation of the provisions of the preceding paragraph.