Bad debts are much more serious than ordinary overdue credit cards. At the same time, personal credit information will also be damaged. After the borrower pays off the bad debts, it will take about one month for the credit information system to update the records. Even if the borrower has paid off the bad debts, it does not mean that the record of bad debts in the credit information will be cleared.
1. Bank loans cannot be processed on the blacklist of banks. Blacklist data is 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. If it is to be eliminated, it will take another five years. After the seven-year retrospective period of credit card blacklist, the bank will automatically cancel the blacklist.
2. The blacklist will have a permanent impact on many things such as buying a house loan and running a business in the future.
From the current point of view, no matter what kind of loan credit "black households" apply for, it is more likely that they will be rejected by lending institutions, but if their real estate and cars can find a pawnshop to handle mortgage loans. According to many sources, pawnshops have no requirements for borrowers' credit. As long as the collateral meets the requirements of the pawnshop, the borrower can provide complete loan procedures and get the loan smoothly, but the loan period is short, which is not suitable for long-term capital turnover.
In addition, individuals whose credit cards are overdue should never cancel their credit cards in a hurry. This is a cover-up, because if the card is cancelled, the bad credit record still exists. The accurate way is to pay off the debt immediately, continue to use the card, maintain a good repayment habit, and then generate a new credit record.
4. According to Article 16 of the Regulations on the Administration of Credit Information Industry, the retention period of personal bad information by credit information agencies is 5 years from the date of termination of bad behavior or incident; More than 5 years, should be deleted. That is, those who have handled credit cards in the bank before or failed to repay on time, have overdue records, and become bad credit are bank black accounts.