Nowadays, society emphasizes credit. Credit is just like appearance to a person. When your credit has a bad credit record, many aspects of your life will be affected. The most common thing is that the loan to buy a house is affected. Let’s take a look at the causes of bad credit records and how to eliminate them!

1. Reasons for bad records

1. Personal reasons. Sometimes, after swiping a credit card, one forgets to repay it. Normally, if you make three consecutive expected repayments, or a total of six expected repayments, your credit will have a bad record. Credit card, mortgage and car loans were not repaid on time. If the loan interest rate increases, the monthly payment will still be paid at the original amount, resulting in overdue interest. Arrears of taxes and late fees, etc. The mobile phone number was deactivated and the relevant procedures were not completed. It was overdue due to monthly payment arrears.

2. There are many other reasons. For example, your ID card is used by others to apply for a credit card, resulting in a bad record. Some people use a third-party company to repay their credit cards, but the third-party company fails to repay the credit card in time due to other reasons. Sometimes your credit card is used by others, which will also cause bad credit

2. Confirm what bad records you have

Only the People's Bank of China can make inquiries. In the bank where your credit card is located It can't be found. You need to bring your ID card and other relevant documents, and you need to fill out a personal credit report inquiry form. When you arrive at the bank and explain your situation truthfully, the staff will ask you to fill out a personal credit report form, and you must go in person.

3. Time to keep bad credit records

Bad information will be retained for 5 years from the date of termination of the bad behavior event. It should be noted that this 5-year period starts from the actual repayment date, not the repayment date. Overdue records that exceed 5 years will be automatically eliminated.

4. Methods to eliminate bad credit

If the bank causes a bad personal credit record, bring your own relevant documents to the bank's business hall, provide relevant evidence, and then explain If the situation arises, it is proposed to eliminate the bad records. As long as it is true that the bad records are caused by bank operational errors, then the bad records will be eliminated.

If you are not satisfied with the processing results, you can also protect your rights and interests through the following methods:

You can apply to the credit reference center to add a personal statement to the credit report to explain the situation; Complaints to the credit management department or financial consumer rights protection department of Renmin Bank will receive feedback within 30 days according to normal work procedures; they can file a lawsuit with a court with jurisdiction and resolve personal claims through judicial procedures.

If you have overdue repayment and have a bad record in the bank. Cardholders should pay off their debts in a timely manner and maintain good repayment habits thereafter. For daily consumption, loans and various payments, they should pay attention to the repayment deadlines and ensure that each loan and credit card is repaid on time to avoid continued overdue payments. In this way, bad records will be overwritten by good records, thus forming a new and good credit record.

Through the above four points, everyone must have a new understanding of bad credit records. Regardless of whether your credit is in crisis or whether you have been included in the camp with bad records by the bank, you must consume rationally and swipe your cards rationally. After all, while enjoying the rights and interests, you must also bear your own corresponding obligations. Now the country has made it clear that it attaches great importance to personal credit. Only by maintaining personal credit can we get more resources when we need help.

(The above answer was published on 2018-03-08, please refer to the actual relevant current house purchase policies)

To buy a new house, go to Sohu Focus.com