Overdue credit records can be divided into two cases: credit card overdue records and bad credit records, and the elimination time of overdue records in these two cases is different.

1, credit card overdue record

Credit card repayment information will be recorded by the central bank's credit information system for 24 months. If there are no new records after the deadline, this information will be saved for a long time. Therefore, after the credit card is overdue, don't cancel it immediately, but insist on using it for more than two years, and make records to eliminate overdue records.

2. Bad credit record of loans

The Regulations on the Administration of Credit Information Industry stipulates that the retention period of personal bad information by credit information agencies is 5 years from the date of termination of bad behavior or incident; More than 5 years, should be deleted. Therefore, if the loan has a bad credit record, as long as it is no longer overdue within 5 years, the record will be automatically eliminated.

1. Credit information refers to a kind of credit evaluation of enterprises and individuals by society, which is very important for both individuals and enterprises.

2. Credit investigation refers to the business of collecting, sorting out and saving some credit transactions that have happened before by enterprises and individuals, and providing inquiries to users of these credit information.

3. If the repayment has been made on time, but there are bad records in the credit record, you should immediately check your corresponding transaction to confirm whether the bad records are true. Under normal circumstances, there will be no mistakes in the credit record, but if there are problems, you can raise objections to the lending institution or the credit center to confirm that there are misunderstandings that need to be corrected.

Legal basis:

credit reporting industry regulations

Article 1 These Regulations are formulated for the purpose of regulating credit investigation activities, protecting the legitimate rights and interests of parties, guiding and promoting the healthy development of credit investigation industry and promoting the construction of social credit system.

Article 2 These Regulations shall apply to the credit investigation business and related activities in China.

The term "credit business" as mentioned in these Regulations refers to the activities of collecting, sorting, saving and processing the credit information of enterprises, institutions and other organizations (hereinafter referred to as enterprises) and individuals, and providing them to information users.

The provisions of Chapter V of these Regulations shall apply to the collection, collation, preservation, processing and provision of information in the basic database of financial credit information established by the state.

These Regulations do not apply to the collection, collation, preservation, processing and publication of enterprise and personal information by state organs and organizations authorized by laws and regulations to manage public affairs in accordance with laws, administrative regulations and the provisions of the State Council.

Article 3 Anyone who engages in credit investigation business and related activities shall abide by laws and regulations, be honest and trustworthy, and shall not endanger state secrets or infringe on business secrets and personal privacy.

Article 4 The People's Bank of China (hereinafter referred to as the supervision and administration department of credit information industry in the State Council) and its dispatched offices shall supervise and administer the credit information industry according to law.

The local people's governments at or above the county level and the relevant departments of the State Council should promote the construction of social credit system in their own regions and industries, cultivate the credit information market and promote the development of the credit information industry.

Derivative problem:

What is the impact of overdue personal credit records?

1, unable to apply for a loan.

The bank has a bad personal credit record and is seriously overdue for a long time. Will refuse to handle the loan business, that is to say, you can't apply for loans from all banks to buy a car or a house, or use it for other purposes.

2. Unable to apply for a credit card.

As such an important daily consumption product, credit card will not be processed in the future if it has a bad credit record, or it is difficult to handle it, and it is also difficult to cancel the original credit card.

3. Affect travel

Individuals with bad credit records will be refused to take high-priced and comfortable travel tools, such as airplanes, soft sleeper trains, first-class seats of EMU, second-class seats of ships and above. Even private cars will be restricted. The purpose is very clear, overdue repayment can not enjoy these high-cost means of transportation, and punish the old lai who has money to pay back.

4. Affect employment and promotion.

Credit investigation has spread to all aspects. In large enterprises, employee background investigation will also pay great attention to personal credit records. Individuals who refuse to repay their debts because they have the ability to repay will be included in the list of people who have lost their trust in the people's courts at all levels in the country and accept credit punishment. He shall not be the legal representative, director, supervisor or senior manager of any company in China.

5. High consumption is prohibited.

Not high consumption, not staying in star-rated hotels, not going to nightclubs, golf courses and other advanced places for consumption.

At the same time, in terms of online consumption, the Supreme People's Court also signed a memorandum of cooperation with Sesame Credit to punish those who broke their promises, which means that online consumption will also be punished by credit in the future.

6. Children can't go to private schools.

If parents are the executors of bad faith, children will not be able to attend private schools with high fees.

7. Personal credit is reduced

Personal credit is very important to everyone, and a good credit record is also a very important criterion for others to evaluate your credit.