How do bad credit card records arise? How to avoid a bad credit record?

To put it in the simplest terms, it means that the money has not been repaid to the bank, so I will give you a credit. Introduce the process of late bank repayment leaving a bad credit record, and use specific data to illustrate it.

For example, if you spend 1,000 yuan in May, you should pay the bank back in June.

If you fail to repay the bank money in June, the bank will automatically record it and then report it to the People's Bank of China, which is what we call expected 1 time. If you haven’t repaid the loan in July, you will have to pay twice, and in August, you will have to pay three times.

You will be on the bank's blacklist after three times, but in fact, generally as long as you are overdue once, no bank will do business with you, except when your character breaks out.

There is a way to avoid overdue payment. For example, if you spend 1,000 yuan and are unable to pay it next month, choose the minimum repayment, which is usually 10.

That is to say, if you spend 1,000 yuan in May, , repay RMB 100 first in June. This is what the bank calls the minimum repayment. In this way, overdue payments can be reasonably avoided. Of course, the corresponding interest will be higher.

What behaviors of credit card holders will produce bad credit records

In this era of universal credit, banks will examine the credit status of applicants whether they are applying for credit cards or loans. , if it is found that the applicant has bad credit, it is likely that the applicant will be refused to handle the business, or the applicant will be required to pay a higher price to handle the business. This shows how important personal credit is.

Many credit card holders believe that bad credit usually occurs because the credit card is overdue. However, in addition to overdue credit, there are many behaviors that can also lead to bad credit. Here is a list of some of the things that lead to bad credit. Let me remind you of several behaviors of credit:

1. Online shopping refunds did not cover the debt

Many cardholders often use credit cards to shop online, but after receiving the goods, they find that If you are not satisfied, you will get a refund, and then you will naturally think that since you have refunded the money, you can offset the consumption debt when it is received. This is actually a wrong perception.

To know whether a credit card refund can be used to offset the debt, it depends on the time when the refund is credited. If your credit card statement has been issued for the current period, but the refund has not been credited, then The current balance cannot be deducted, and you still have to repay the credit card normally.

On the contrary, if the credit card refund has been credited before the statement date, then the consumption debt can be deducted and you do not need to repay it.

2. Sleeping cards incur annual fees

Some cardholders have multiple credit cards, and some of them have low credit limits. If they don’t want to use them, they will shelve them away. It became a sleep card.

You must know that the sleep card also has an annual fee. If you do not use it enough times, the annual fee will be automatically deducted from the limit. The harm will be very serious. If you do not pay attention to the bill, the annual fee will be deducted. Failure to repay on time will naturally lead to overdue payments and bad credit.

3. No repayment for card consumption

Some cardholders do not want to repay after overdraft consumption, or the repayment amount is lower than the minimum repayment amount, then they must pay at the end Failure to repay or the repayment amount is too low will also lead to overdue payment. Overdue payments will naturally lead to bad credit.

4. The inter-bank automatic repayment amount exceeds the limit

Many banks have a maximum limit for the automatic repayment amount of credit cards, which generally does not exceed 10,000 yuan. If the amount of your current bill is If the amount exceeds 10,000 yuan, even if there is enough money in the savings card to repay, the deduction will fail due to the repayment limit.

Failure to deduct money means failure to repay, which will also lead to overdue payment and a bad credit record.

5. Too many credit report inquiries

For any business involving loans, such as applying for home loans, car loans, credit cards, etc., banks and related institutions can obtain With personal authorization, the customer's personal credit information is extracted.

The personal credit report contains the inquiry date, inquiry operator, inquiry reason, etc., which are important reference items for banks to evaluate customer credit and lend. If there are too many personal credit inquiries, it will affect the credit limit because it indicates that the borrower frequently borrows money or applies for credit cards.

So if cardholders don’t want to have bad credit, in addition to repaying their loans on time, they should also avoid the above behaviors as much as possible. Otherwise, if they are not careful and affect their credit report, they will only affect their future credit. The success rate of credit card and loan applications.

What are the causes of bad credit record?

We all know that personal credit information is very important whether it is correct or

applying for a credit card. Personal credit information cannot be easily modified, so most people cherish it very much. own personal credit.

But for friends who have bad credit records, if you want to

, you first need to analyze the reasons for the formation of your bad credit records, and then apply to the bank to modify the credit records after solving them. . Or obtain a loan through other loan channels and methods.

So, what are the reasons that may cause our credit record to be bad? Let’s take you through it below.

1. Personal information has been stolen or used fraudulently

If this happens, the borrower can first report the case to the public security agency, and at the same time actively explain the situation to the bank and provide relevant information. Evidence and case filing certificate issued by the public security organ. After the bank passes the investigation, if it really has nothing to do with me, the bank will modify the credit record.

2. Default in related fees causing bad records

We all know that whether it is a credit card or a loan, there will be certain fees, but sometimes these fees can be small. , except that the bank has no special markings, it may accidentally cause arrears of fees. If you encounter this situation, you need to go to the bank in person to explain the situation, and after paying the outstanding amount, ask the bank to modify the credit record. Generally banks will help you solve this problem.

3. Overdue repayment

Overdue repayment is a common phenomenon that causes bad credit records. Many people forget to repay their loans on time, resulting in overdue payments. As long as you pay off the debt in time and ask the bank to issue a non-malicious overdue certificate, it will not have much impact on future loans. The bank's regulations on overdue situations are as follows: "Three in a row and six in a row" means if your repayments are overdue for three consecutive months and a total of six overdue payments are made within two years, you will be blacklisted by the bank. If you fail to repay the loan for three consecutive months, it will basically be judged as a "malicious" debt by the bank, and it will be almost impossible to apply for a loan again.

4. Failure to repay the loan

This situation is more serious. If the borrower fails to repay the long-term loan and causes the malicious loan to be overdue, he may be blacklisted and become a "credit loan user". As the saying goes, it is not difficult to borrow again and again. Don’t think that if you don’t repay the loan now, you will get a big advantage. In fact, once your credit is damaged, you may be rejected whether you apply for a credit card in the future.

They are all very high.

Finally, I need to remind everyone that there are many loan channels now, not just banks. For borrowers with poor credit, you can try the company

. As long as the credit problem is not serious and corresponding collateral can be provided, the chance of loan approval is still very high. In addition, you can also find guarantee companies, pawn shops, or even private loans to obtain funds. However, the fees of these institutions are generally relatively high, and it depends on whether the individual can afford it. Also beware of scammer organizations to avoid being deceived.

How do bad credit card records arise? What are the ways to eliminate it?

With more and more credit cards on the market, countless people use credit cards. So what should you do if you have bad records while using your credit cards? How do bad records arise? How can we know if there is a bad record?

1. How do bad credit card records arise?

When you use a credit card to make purchases, the credit card will generate consumption records. When it is time to repay the loan, the bank will send the cardholder a list of consumption records.

The minimum amount required to repay the loan and the latest repayment date will be noted on the list. And the minimum loan repayment amount is only part of your consumption amount. The latest repayment date varies from bank to bank, but generally it is within 20 days after the card payment is made. Therefore, as long as the cardholder's loan repayment amount does not reach the minimum loan repayment amount within twenty days, a bad record will be generated.

2. How can I know my bad records?

As long as you bring your ID card to the People's Bank of China, no matter what kind of credit card you apply for, you can check your credit card records. It can usually be checked within two working days, and there are two ways to get the results. One is to go to the People's Bank of China to collect the results yourself after the results come out, and the other is to send it by mail. However, the cost of mailing must be borne by yourself.

3. What are the types of bad records?

Generally, there are two types of bad records. One is ordinary. An ordinary bad record is a slight late payment. The other is the blacklist bad record. The blacklist bad record is when the cardholder has a non-repayment record for more than 180 days.

3. How can I eliminate my bad records?

1. Credit card records generally only display records for 24 months, and records before 24 months are generally difficult to query. And you must be careful not to cancel your credit card after bad records appear, even if the bank prompts you to cancel the card. As long as you spend at least 1 yuan each month in the next 24 months and repay the loan on time, the bad records in the past can be overwritten and the consumption records will be regenerated without affecting future credit.

2. The time for bad records to be uploaded to the system is generally 90 days. As long as the bad records have not been uploaded to the system, the cardholder proactively contacts the card issuing bank to explain the reasons and With appropriate remedial measures, banks will often help customers eliminate bad credit records as well.

3. The last way to eliminate bad records is time. According to the "Credit Information Management Regulations" of the Legislative Affairs Office of the State Council, the People's Bank of China will generally only keep personal credit records for 5 years. As long as the cardholder does not create any bad records within 5 years after the bad records are generated, the People's Bank of China will automatically eliminate the bad records of the cardholders.

How does a bad credit record arise? How to eliminate it?

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!

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 interest arrears. Arrears of taxes and late fees, etc. The mobile phone number was deactivated and no relevant procedures were completed. It was caused by the monthly fee being owed.

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 incident. It should be noted that this 5-year period starts from the actual repayment date, not the repayment date. Records older than 5 years will be automatically deleted.

4. Methods to eliminate bad credit

If the bank causes a bad personal credit record, bring your 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 in the following ways:

You can apply to the credit reference center to add a personal statement to the credit report to explain the situation; If a person files a complaint to the bank's credit management department or financial consumer rights protection department, feedback will be received within 30 days according to normal work procedures; personal appeals can be resolved through judicial procedures to the person with jurisdiction.

If you repay the loan 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 recurrence. 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.

This is the introduction to how bad credit card records arise.