If the credit card has produced a bad credit record, it cannot be cancelled blindly. Insiders reminded that the bad credit record caused by poor credit card management is not impossible to eliminate. The way to eliminate it is not to cancel the card, but to continue to repay it on time after timely repayment, and there will be no new overdue problems. Only in this way can a good credit record be re-formed. According to the Regulations on the Administration of Credit Information Industry, bad records will be kept for five years. However, banks generally refer to the situation in the last two years. Two years later, the previous expired records were replaced by new records.

If the cardholder's personal bad record is not caused by malicious overdue or bank mistakes, he can apply to the central bank for objection. The Credit Information Center will contact the commercial bank that provides the objection information for verification and reply to the objection applicant within the specified working days. In addition, customers can make personal statements. If customers have different opinions on personal credit records, they can apply to the credit information system to submit personal statements, describe the actual situation of bad records, clarify their personal opinions, and ask for elimination at the same time.

Tip:

If the credit card is overdue, the cardholder should not rush to cancel the credit card, but should pay off the principal and interest owed first, and then insist on using the card normally for 24 months, because after the last overdue record is more than 2 years, the cardholder's credit report will not show that it is overdue. In other words, "good" records can crowd out the "bad" records in the past, and it is the best way to refresh the personal credit report with the latest good repayment records. However, if the mortgage or car loan is overdue, it is not applicable.