Bad personal credit records can be eliminated after 5 years, but the premise is that the individual can repay the loan in full and on time for 5 consecutive years.

If we do not produce any bad records during the use of the credit card, then 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 close the account or later repay the debt. It will take 5 years to get rid of it.

Legal basis:

Article 16 of the "Regulations on the Administration of the Credit Reporting Industry"

The retention period of bad personal information by credit reporting agencies shall be from the date of bad behavior or It will be 5 years from the date of termination of the event;

If it exceeds 5 years, it should 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.

Credit records will not be deleted, and credit records will be saved forever. They will not be deleted but will be overwritten. It’s just that general credit reports only show records within 5 years, and records older than 5 years will be overwritten.

1. With the withdrawal of online loan platforms and many people becoming aware of the dangers of excessive consumption, the value of personal credit information is gradually reflected. When friends go to the bank for a loan, they usually hear that they need to check the applicant's personal credit report and then review whether the requirements are met before the loan can be approved.

1. The central bank checks personal credit report

First of all, you need to bring your ID card and check your credit status at the bank where you have an account. Second, you can conduct online inquiries at the Credit Reference Center of the People's Bank of China. You can also check at designated local locations.

2. Check your personal credit report online

If you have overdue records online or loan records on multiple platforms, then your various records will be subject to big data risk control. At this time, your credit applications will be frequently rejected, and even your Huabei Borrowing will be closed. If your big data has network blackmail anomalies, you can go to: Xin Xiaojin on WeChat and check to get your own big data and credit status. You can also get various indicator data such as: blacklist status, online loan application records, The type of application platform, whether it is overdue, long-term lending, whether there are arbitration cases, and other important data information.

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