How long does it take for a credit card’s overdue record to be eliminated?

1. How long does it take for a credit card’s overdue record to be cancelled?

A credit card’s overdue record can generally be eliminated after 5 years. .

"Regulations on the Administration of the Credit Reporting Industry"

Article 16

The credit reporting agency shall retain personal bad information for a period of time starting from the termination of the bad behavior or incident. It shall be 5 years from the date; if it exceeds 5 years, it shall be deleted.

During the retention period of adverse information, the information subject may explain the adverse information, and the credit reporting agency shall record it.

2. Will overdue credit card records affect the purchase of a car with a loan?

Having an overdue credit card with a record will affect the purchase of a car with a loan. The basic conditions for a car purchase with a loan are:

(1) The borrower is a citizen of the People's Republic of China with full capacity for civil conduct or an overseas natural person who complies with relevant national regulations;

(2) The purpose of the loan is clear and legal;

(3) The loan application amount, term and currency are reasonable;

(4) The borrower has the willingness and ability to repay;

(5) The borrower’s credit status Good, no major bad credit record;

(6) Other conditions required by the lender.

3. Can employees be dismissed if they commit the crime of credit card fraud?

If an employee commits the crime of credit card fraud, the company can dismiss the employee. In labor relations, the employer may terminate the labor contract if the employee has any of the following circumstances:

(1) During the probation period, the employee is proven not to meet the employment conditions;

( 2) Serious violation of the employer’s rules and regulations;

(3) Serious dereliction of duty, malpractice for personal gain, causing significant damage to the employer;

(4) The employee and other employees at the same time The employer establishes a labor relationship that seriously affects the completion of the unit's work tasks, or refuses to make corrections after the employer proposes;

(5) The labor contract is invalid due to the employee's fault;

(6) Being held criminally responsible according to law.

4. Can a person who commits the crime of credit card fraud still be admitted to the civil service examination?

A person who commits the crime of credit card fraud will have a criminal record. If he has a criminal record, he cannot be admitted to the civil service examination. In our country, the circumstances under which civil servants cannot be admitted include:

(1) Those who have received criminal punishment for crimes;

(2) Those who have been expelled from the party;

( 3) Being dismissed from public office;

(4) Being listed as the subject of joint punishment for breach of trust in accordance with the law;

(5) There are other circumstances that prohibit employment as civil servants under the law.

The retention time of overdue records is clearly stipulated by the legal system. Therefore, if you do not repay your credit card or loan on time, there is no way to eliminate the overdue records in advance. For credit card holders, if the overdue record is not malicious, for example, because personal freedom is restricted or a car accident or other accident occurs and the credit card is not repaid in time, you can prepare valid proof and apply to cancel the overdue record. How long does it take for a credit card to be deleted after it expires?

How long does it take for a credit card to be deleted after five years of being overdue? The details are as follows:

1. After a credit card is overdue, the overdue record on the credit report will be automatically cleared after five years from the date the borrower pays off the overdue amount.

2. If the overdue credit card is not processed, the overdue record will always be retained in the credit report.

3. The overdue record of the credit card will not be eliminated because the user cancels the credit card. After the overdue credit card is paid off, even if the user cancels the credit card, the overdue record will still be retained in the credit report. It takes five years to It will be automatically eliminated after several years.

4. If the overdue reason is not caused by the user (such as a credit card applied for under a false name), the user can keep the relevant evidence and go to the credit card issuing bank to fill in the objection application form. Generally, the bank will give the request within 20 working days. If the situation is verified to be true, the bank will manually restore the user's credit report.

Of course, there is a grace period for credit card repayments. Generally, repayment within 3 days of overdue payment will not be considered overdue, nor will it affect the user's credit report. How long does it take for an overdue credit card to be eliminated?

Overdue credit card records can be completely eliminated after 5 years, but if you repay on time within 24 months, the previous bad credit record will be refreshed.

Solutions for overdue credit cards:

1. If the cardholder forgets to repay the card and finds that it is overdue, he must repay it as soon as possible, preferably in full. Call the bank's credit card center and declare that the debt is not malicious. If the overdue time is short, the bank may not count the bad records;

2. When the credit card is overdue and unable to repay due to unemployment, illness, etc., the cardholder should proactively contact the bank's credit card center before the repayment period. Explain your financial situation, declare that you do not owe money maliciously, and apply for deferred repayment or installment repayment;

3. Cardholders actively apply for deferred repayment, and banks will often agree to the extension. Banks and cardholders People agree on a mutually acceptable repayment plan. In this way, the bank will not record bad records, but you must repay on time after applying for an extension;

4. Credit card repayment information The central bank’s credit reporting system rolls over 24 months, and records of overdue credit card repayments will be included in the credit reporting It is stored in the system for two years. If you find that you have paid off the card overdue and then cancel the card directly, the information will not be rolled over, but will be saved for a long time.

Therefore, after a cardholder has an overdue credit card, it is best not to cancel the credit card immediately. It is best to continue to use it for more than 2 years, and then maintain a good credit record.

Extended information

Consequences of overdue payment

1. Liquidated damages, usually 5% of the unpaid portion of the minimum repayment amount.

2. The interest is high, and the interest is compounded. The interest rate is very scary when the debt is large.

3. Overdue credit records will be stained, resulting in the inability to handle financial needs such as house purchases and loans within the next two years.

4. If the payment is overdue for more than 3 months, and the amount exceeds RMB 10,000, and the bank has failed to pay multiple reminders, you will not only have to bear the repayment, but may also bear criminal liability.