What to do if a credit card has bad records

Nowadays, almost all major banks have launched credit card services. Many of us consumers, while enjoying the convenience and benefits that credit cards bring us, have bad records on their credit cards due to various personal reasons. How should we deal with these bad records at this time? Below is the knowledge I bring to you on how to deal with bad credit card records. Welcome to read.

How to deal with bad credit card records

Go to the bank to communicate in person

The more direct way to solve bad records is to go to the bank to inquire in person and communicate with the person in charge . The competition between banks nowadays can be said to be quite fierce. If our credit card has bad records, it will have some impact on the bank, so it is best for us to go to the bank ourselves and have a look at the banking system. Have you recorded your bad card usage records? If so, we need to communicate with the person in charge of the bank to see if we can eliminate the bad records.

Good card usage habits

We all know that credit is more important when using credit cards. Once our credit card is entered into UnionPay's credit history, it generally cannot be changed within a short period of time. When a card has a bad record, it’s best to continue using it and maintain a good card usage record. Make timely repayments, no overdue payments, no arrears, and no overdrafts. When good credit card usage records last for a period of time, we can effectively communicate with the bank to eliminate these bad card usage records as soon as possible.

Late repayment record

Some friends may be unable to repay their credit cards in time due to some personal reasons in their lives, and have bad records of overdue repayment. What to do in this situation? The easiest way is to repay immediately, otherwise the longer the arrears go, the worse our record will be. And in the future, you must make timely repayments according to the repayment period and amount to ensure a good repayment record.

Types of bad records and solutions

There are two main types of bad records, one is ordinary bad records, and the other is blacklisted bad records. Ordinary bad records are slight overdue repayments, which are relatively minor records. Generally, as long as we ensure timely repayment in the future, we may be able to cover the previous records. Blacklist records are bad records of cardholders who have not repaid in time for more than 180 days. At this time, we'd better ensure the habit of timely repayment for about a year, and then communicate with the bank to see if the bad records can be eliminated.

Do not cancel the card

Generally speaking, credit card records only show the usage in the last 24 months, and past records are difficult to query. Therefore, when bad records appear, we must not rush to cancel the card. Even if the bank urges us to cancel the card, we should ignore it. We only need to spend at least 1 yuan every month in the next 24 months and ensure timely repayment. Then in many cases the bad records will be covered and new records will be generated.

Special Situations

There is a special situation when credit card bad records occur, that is, due to the theft of personal identity information, the cardholder is impersonated without the knowledge of the relevant cardholder. Apply for a card and swipe a large number of cards, resulting in bad records. Or the credit card may be stolen or borrowed, and the cardholder may swipe the card for consumption without the cardholder's knowledge, causing a bad record. When this happens, we must first explain the situation to the bank, and it is best to resort to legal means to resolve it.

Notes

When we apply for credit cards, it is best to control the number of credit cards processed and not apply for credit cards from many banks at once. This avoids the situation where only one card that is frequently used is forgotten and becomes a dormant card.

This experience is a personal summary and is for your reference only.

How to eliminate bad credit records

How to eliminate bad credit records

How to correctly eliminate bad credit records after they are generated:

1. When When there is a bad record on your credit record, you need to find out the cause as soon as possible.

2. When the bad record is caused by your own mistakes, pay off the debt as soon as possible. If it is a credit card, it is recommended to stick to the credit card for more than 5 years and maintain regular monthly repayments. If it is convenient, you can choose to bind a card for automatic repayment. Because bad records on a credit card will not be terminated due to cancellation of the credit card, the bad information needs to be displayed for 5 years from the date of termination of the bad behavior or event.

3. When the bad credit record is not due to self-inflicted fault but is caused by some institutional mistakes, such as: personal information has been stolen or used fraudulently, or has been adversely affected by inquiries beyond the authority of the institution, the credit report Incorrect information display, etc. You can submit an objection application in person to the relevant agency.

1. When your information has been stolen or used fraudulently, you should report the case to the public security agency as soon as you know the news, and go to the bank to fill in a statement denying the application for a card or loan. When the bank confirms that the loan or credit card has nothing to do with the customer, the bank will immediately modify the customer's credit record.

2. If the agency's inquiry exceeds its authority and causes adverse effects. For example, within a period of time, because my personal credit report has been inquired by different banks many times due to loan, credit card approval, etc., and I have not agreed to the inquiry beyond my authority, I have not applied in person. You can inquire to the inquiry agency or report to a branch of the People's Bank of China. Because when the records in the credit report show that the applicant applied for loans or credit cards many times during this period, but did not get a new loan or credit card, it may mean that the person has applied for loans or credit cards from many banks but failed. Such information This could adversely affect the person's ability to obtain a new loan or apply for a credit card.

3. If the information displayed in the personal credit report is wrong, you need to submit an objection application to the branch of the People's Bank of China in person.

How to eliminate bad credit card records

1. If a bad credit record really occurs, the elimination time is divided into two situations

1. Overdue credit card records .

Credit card repayment information will be recorded by the central bank's credit reporting system on a rolling basis for 24 months. If there is no new record after the expiration date, this information will be saved for a long time. Therefore, when a credit card expires, do not cancel it immediately. You should insist on using it for more than two years and keep good records so that the overdue records can be eliminated.

2. Loan bad credit reporting records

The "Credit Reporting Industry Management Regulations" stipulate that the credit reporting agency's retention period for personal bad information starts from the date of termination of the bad behavior or event. 5 years; if it exceeds 5 years, it shall be deleted. Therefore, if a loan creates a bad credit record, the record will be automatically eliminated as long as it is no longer overdue within 5 years.

2. Methods to eliminate overdue records

1. If you are overdue for a short time, actively contact the bank after making up the debt; not all overdue records will be immediately displayed on the personal credit report, and some Banks will have a few days to wait, and some will only report overdue records to the central bank's credit center next month. Therefore, when you find that the overdue record is overdue, you should contact the debtor bank as soon as possible to try to solve the problem before it is reported;

2. If you are overdue for more than 90 days, pay off the debt and maintain good credit habits: If you are overdue for a long time and are reported to the credit report, in addition to paying off the debt, you must also remember to repay the penalty interest, among other things , do not cancel the card immediately, continue to maintain good consumption habits, bad records will be automatically eliminated after 5 years, and except for housing loans, most loans only refer to credit records within two years;

3. Unexpected overdue, Ask the bank to issue a "non-malicious overdue certificate": Banks are also very considerate. If you are overdue due to unemployment, illness, going abroad, etc., take the initiative to contact the bank, explain your actual situation, and issue a "non-malicious overdue certificate" , the loan can still be cleared;

4. If it is overdue, submit an "objection application": Many people's overdue credit reports are not caused by themselves, but may be caused by "fake loans", contact the bank for explanation Then go to the local Credit Information Center of the People's Bank of China to submit an objection application. Generally, this kind of bad overdue record can be eliminated within 15 working days

This is the introduction of how to deal with bad credit card records.