The common saying is this:

If you have bad records while using your credit card, do not cancel the card or sit back and do nothing. Instead, you should pay off the debt. Only if you continue to use it for 2 years and maintain good usage records during this period can the previous negative records be overwritten, because only the records of the last 2 years can be seen on the credit report.

The credit record shown on the credit report in the past two years is correct, but the prerequisite is that we can check the personal credit situation of the previous two years if there are no bad records. If you have had a bad record of overdue repayment, that’s something else to talk about.

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The accurate statement is this:

The latest "Credit Information Industry Management Regulations" Regulations:

The latest regulations set the storage time limit of adverse information to 5 years. After the expiration date, everyone will have to wait 5 years before the adverse records will be deleted.

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In short:

If we If there is no bad record during the use of the credit card, the personal credit record you view will only show data from the past two years. But if you have a bad record, such as overdue, then this bad record will continue to be displayed on your credit information for 5 years. Whether you cancel the account or later repay the debt, you will have to wait 5 years. eliminate.

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What should you do if you want to completely eliminate bad records? ?

Whether the account is closed or not, the bad information records are displayed there and kept for 5 years. However, the practice of account cancellation is generally not advocated.

For example, if an overdue record also occurs, compared with using the card for 2 years and using the card for 10 years, the latter is more conducive to repairing personal credit status. After all, if you use the card for 10 years, the 5 years will be covered. Bad records that have been used for 2 years and are no longer used. Although the records will be automatically deleted after 5 years, in the next 5 years, you can only find the tainted records, and you cannot see the recent good records. of. Therefore, it is recommended that after bad records occur, you should not rush to cancel the card, but continue to use the card and maintain good card usage records.

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Try to avoid overdue payments

If the overdue payment occurs without malicious intent, you should repay the loan as soon as possible and contact the bank to inform the actual situation. If necessary If so, you can also file an objection application with the bank.

The best way to avoid bad records is to swipe your cards rationally. If you are forgetful in life, you might as well set a mobile memo for the repayment time, or directly bind a savings card or Alipay, and when it expires Automatic deduction and repayment.

Bad credit card records can be refreshed and overwritten

By printing the personal credit report, we found that the credit card entries in the credit report only have records for the last 24 months. That is to say, the negative record of overdue credit card repayment is over time, and good records for more than 24 months can cover the previous bad records. This may be because banks actually only pay attention to recent credit card usage records when examining personal credit. After all, the domestic credit card business is still immature, and cardholders are forgiven for making mistakes.

In the personal credit report, the usage of each credit card in the last 24 months is recorded separately. If the cardholder actively cancels the card after a bad credit card record occurs, the relevant records of this credit card will no longer be refreshed. Therefore, if you have bad credit records caused by credit card business, you must not cancel the card. Even if the credit card is stopped or you receive a cancellation notice from the bank, do not cancel the card. In this way, after 24 months of refreshing, the relevant entries in the credit report will be Being covered by subsequent records is equivalent to eliminating bad credit records.

According to the personal experience of cardholders, this method of eliminating bad credit card records is effective.

After a bad record was generated and the card was suspended by the bank, since the card was not canceled, the credit record was constantly refreshed (the record after the suspension was "*" indicating that it was not used in the month), and it would not be possible to apply for a credit card or a home purchase loan after two years of full repayment. be affected in any way. In other words, no matter how bad the cardholder's current card usage is, or even if he is sued by the bank, as long as he does not cancel the card with his signature, he can restore his good credit record five years after paying off the outstanding balance.