Users can apply for negotiated repayment from BoB Consumer Finance. After submitting the application for negotiated repayment, Beijing Bank Consumer Finance will review the user, and after passing the review, the user can repay according to the negotiated agreement. If you fail to pass the review, you must pay off the overdue debt as soon as possible, otherwise you will encounter collection through text messages and phone calls.

In addition, the overdue records of Beijing Bank consumer loans will be submitted to the credit report. Overdue records will be kept in the credit report for a long time, which will prevent users from applying for other loans in the future.

Credit reporting is the collection, sorting, preservation, and processing of credit information of natural persons, legal persons, and other organizations in accordance with the law, and provides external services such as credit reports and credit assessments to help customers judge and control credit risks and conduct credit management. activities.

Credit reporting is a professional, independent third-party agency that establishes credit files for individuals or enterprises, providing a platform for professional credit institutions to share credit information.

What does bad information mean? Adverse information refers to information that has a negative impact on the credit status of the information subject, such as information that the information subject failed to perform its obligations in accordance with the contract in activities such as lending, credit purchases, guarantees, leasing, insurance, and credit card use, and information on administrative penalties imposed on the information subject. , People's court judgments or rulings on information subjects' performance of obligations and enforcement information, etc.

What do some terms used to record “overdue” information in credit reports mean?

Have you seen some terms used to record "overdue" in credit reports? It's actually very simple. For example, the current number of overdue periods/amount refers to the current number and amount of consecutive overdues; the overdue month refers to the month in which a loan or credit card is overdue; the number of consecutive overdue months/amount refers to the number of months that a certain overdue behavior has continued up to now. and the amount that has yet to be repaid.

How long is bad information stored? Will a breach of trust be recorded for life? Bad information will not last a lifetime. The retention period of adverse information is 5 years from the date of termination of the adverse behavior or incident. For example, if you forget to repay your mortgage in October and it becomes overdue, then the overdue record will be automatically eliminated after 5 years from the date the October mortgage is paid off.

What should I do if I find that the bad information is incorrectly recorded?

If you believe that there are errors or omissions in the information collected, saved, and provided by the credit reporting agency, you have the right to raise objections with the credit reporting agency or the information provider and request corrections. After receiving the objection, the credit reporting agency or information provider shall mark the relevant information as objectionable according to regulations, conduct verification and processing within 20 days from the date of receipt of the objection, and respond to you in writing with the result.