A credit card that is five days overdue will affect your credit report. We all know that overdue credit cards will result in a credit report, but the bank will give us a few days of extension of repayment service. Once the payment is made beyond the final grace period, it will be considered overdue.

According to the repayment grace period regulations of China Everbright Bank, Bank of Communications, Bank of China, China Merchants Bank and other banks, the grace period of most banks is only 3 days. If the card is overdue for 5 days and has exceeded the deadline, the system will upload the overdue record to the central bank's credit report, causing the cardholder's credit report to be affected. At this time, the overdue record will be reflected in the personal credit report. It will be automatically eliminated after the cardholder pays off the debt for five years.

If we are unable to pay off the full amount within the time limit, we can still pay the minimum payment. Adopting the minimum repayment method for repayment does not count overdue payments and will not result in negative consequences such as penalty interest, overdue records, or overdue credit reports. However, interest will be incurred. If things go on like this, our repayment pressure will also increase. .

If it is impossible to repay within the grace period due to force majeure, we can call the credit card customer service hotline in advance to explain the situation to the bank and negotiate repayment. After the bank reviews and approves, it is possible to repay the loan within the grace period. Offer a new repayment agreement.

1. How long does it take to eliminate credit inquiry records

Bad personal credit records can be eliminated after 5 years, but the premise is that the individual can repay the loan in full and on time for 5 years. If we do not create any bad records during the use of the credit card, then the personal credit record you view will only show data from the past two years.

But if you have a bad record, such as overdue, then this bad record will continue to be displayed on your credit information for 5 years, whether you close the account or later repay the debt. It will take 5 years to get rid of it.

Legal Basis Article 16 of the "Credit Reporting Industry Management Regulations": The credit reporting agency's retention period for personal bad information is 5 years from the date of termination of the bad behavior or event; if it exceeds 5 years, should 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.