Credit card records are divided into five levels: normal, concern, substandard, suspicious, and loss. There are three levels of bad records: substandard, doubtful, and loss. Common overdue records are not actually bad records, but are just a form of concern. Concerns are divided into overdue within 30 days, overdue within 60 days, and overdue within 90 days. If the credit card exceeds 90 days, it will be classified as substandard, which is the real bad credit card.

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1. Overdue records:

Usually due to failure to repay on time after overdraft on credit card, or due to annual fee, card printing fee being deducted Failure to repay fees on time. In this case, if you want to eliminate the bad credit record, you have to pay off the money owed, and then the bad credit record will be automatically eliminated 5 years after the debt is paid off.

2. Bad debt records:

This type of bad debt record has a much greater impact than overdue records. It usually refers to those that have not been settled for more than 3 years and are listed as bad debts by the bank. Accounts receivable, because the arrears have been stagnant for a long time, have formed bad debts. If not dealt with, the impact of this bad record will last a lifetime, and the bank that applies for a card and loan will simply reject it. To deal with the bad credit card records generated by this situation, you also need to pay off the debt. After the debt is paid off, the bank will report it to the central bank for credit reporting. The bad debt status will become overdue, and then the bad debt will also become bad from the date the debt is paid off. Records will be automatically deleted after being kept for 5 years.

3. Inquiry records:

Refers to the fact that the credit report has been frequently inquired by banks or other financial institutions in the past three months, and multiple inquiries have been left on the credit report. Records are also a type of bad credit card records. The reason for inquiry may be card approval, loan approval, and post-loan management. This situation is not easy to eliminate. First of all, we must ensure that no query records will appear in the past 3 months. The rest will be left to time to fade away. This situation is not easy to eliminate. First of all, It is necessary to ensure that no query records will appear in the past three months, and the rest will be slowly faded by time. In short, after getting a credit card, you must develop good card usage habits and try your best to avoid the bad credit card records mentioned above. After all, in the credit society, a good credit record is a stepping stone to any disadvantage. When applying for a mortgage or credit card Can be of great help.