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How to eliminate overdue credit card records?

How to apply for cancellation of overdue credit records?

To eliminate overdue credit records, you can only apply to the central bank credit agency or credit agency, and those that meet the conditions will be eliminated. For example, if a fake card application for a loan is overdue, or there is a problem with the loan institution's system that results in unsuccessful repayment, the bank can only apply for cancellation if the fee adjustment is not notified and part of the arrears is overdue.

However, if an individual is overdue on his own initiative, he will not be given the opportunity to eliminate the overdue record. He can only pay off overdue debts and wait for time to slowly erase the bad credit. After 5 years, the credit report can be repaired on its own. During the restoration period, if you want to get a loan or apply for a card, it is recommended to improve your credit for at least 3 months through the following methods, as follows:

1. Timely repayment: In addition to loans, businesses directly linked to credit reporting All are credit cards. Pay off more credit cards. After use, repayment should be made before the end of the repayment date according to regulations. Those who can afford it are best to repay in full. If the loan cannot be repaid in one go, it should be repaid in installments according to the situation. The minimum repayment amount cannot be overdue in any case.

2. Don’t mess around: Don’t apply for loans or credit cards in the short term and reduce the number of credit inquiries. Some people may not want to get a loan, but if they want to check how much they can get, don’t click on it, otherwise they may check their credit report once and it will be difficult to do so.

In short, whether you can apply for cancellation of overdue credit records depends on the specific circumstances. You can’t be eliminated. If you take good care of your credit report, you still have a chance to get loans and cards.