Can I apply for a credit card if my credit report is not good?

Can I apply for a credit card if my credit report is not good? Many users don’t know whether they can apply for a credit card if their credit is not good. The editor below will introduce the issue of whether you can apply for a credit card if your credit is not good. For users who don’t know, let’s take a brief look at it!

First of all, it is clear that you cannot apply for a credit card if your credit report is not good. Even if I apply for a credit card, the bank will not approve it.

According to Article 43 of the "Regulations on the Supervision and Administration of Credit Card Business of Commercial Banks", customers who apply for our bank's credit cards are not allowed to use the entire system to automatically issue credit cards. Credit card applicants should be strictly reviewed and risk prevention and control should be strengthened when they have the following circumstances:

1. Relevant suspicious information or criminal records are left in the identity information system;

2 , There is no credit record in the credit reporting system;

3. There are bad records in the credit reporting system;

4. There are multiple bank loans or credit card credits in the credit reporting system Records;

5. Business travel cards and business purchasing cards issued by the unit;

6. Risk information obtained through other channels.

How to eliminate a bad credit report

How to eliminate a bad credit report? Many users don’t know how to eliminate the problem of bad credit report. The editor below will introduce how to eliminate the problem of bad credit report. For users who don’t know, let’s take a brief look at it!

1. If an individual has a bad credit record due to credit card repayments or annual fees, as long as he is sincere and takes the initiative to explain the reasons and take appropriate remedial measures, the bank will usually help the customer eliminate the bad credit record. Yes, but this time generally cannot exceed 90 days. If it exceeds 90 days, it may be reported to the central bank's personal credit system database

2. If you want to eliminate bad credit card records, there is another way to eliminate negative records and credit card records based on the credit record refresh coverage system. The impact is that since credit card records basically only show records in the past 24 months, past records are difficult to query. As long as you repay your loan on time in the next two years and no new bad records appear, the original negative credit record will be overwritten and a good credit record will be re-formed.

3. If the credit stain has entered the central bank's personal credit system database for more than 90 days, there are only two ways to eliminate it at this time. One is to automatically eliminate the bad record after 5 years, and the other is to apply for manual elimination. According to the regulations of the Central Bank's Credit Reference Center, everyone has the opportunity to manually eliminate the bad credit records once every two years and needs to submit an application to the Credit Reference Center. If the conditions are met, the Credit Reference Center will immediately eliminate the bad credit records.

How long does it take for a bad credit report to be restored?

How long does it take for a bad credit report to be restored? Many users don’t know how long it will take to restore bad credit. The editor below will introduce the issue of how long it will take to recover from a bad credit report. For users who don’t know, let’s take a brief look at it!

According to current regulations, on the premise that the debt is paid off, the stain on your credit report will be eliminated after five years. With the passage of time and the accumulation of good credit, the negative impact of credit stains will gradually weaken.

That is to say, it will take 5 years to completely restore the credit report, but this is not the method to restore the credit report. Users can also work hard to eliminate the negative impact of bad credit.

Under normal circumstances, a 24-month credit record can cover the original bad record. Therefore, do your own credit report within two years and avoid having any bad records, so that the original bad records can be covered.

Users who do not have any bad credit records within two years can manually eliminate bad credit records to the Central Bank Credit Reference Center.