The situations that easily produce bad records in daily life include: 1. Failure to repay credit card overdrafts on time, resulting in overdue records;

2. Failure to repay mortgage loans on time, resulting in overdue records Records;

3. After the interest rates of mortgage loans, consumer loans and other loans are increased, the "monthly payment" is still paid at the original amount, resulting in overdue interest, etc.

4. When providing guarantee to a third party, the third party failed to repay the loan on time.

5. If the mobile phone number is deactivated and the relevant procedures are not completed, the monthly fee will be overdue due to arrears, which will also cause bad records.

6. Credit card arrears records are generated when someone else uses the identity card or a copy of the identity card fraudulently.

7. Failure to pay water and electricity bills overdue or late payment fees, etc.

If an individual wants to know his or her credit report, he or she can check it for free by bringing a valid ID to the local branch of the People's Bank of China.

If bad records have already occurred, such as late repayment or failure to repay the loan on time after applying for a credit card and using the credit card, it will take at least two years before you can obtain a bank loan. Personal credit reports only record repayment records (including normal and overdue) in the past 24 months. As long as you insist on normal repayments for 24 months, overdue repayment records will naturally be blocked. Therefore, the correct way to deal with overdue repayments is: first, make up for the overdue amounts as soon as possible; second, avoid new overdue payments and create new negative records.

Personal credit reports are mainly provided by the Credit Reference Center of the Central Bank, which mainly records basic personal information, loan information, credit card information and credit report inquiry records. Loan information includes the lending bank, loan type, loan amount, loan term, and repayment records in the past 24 months; credit card information includes the issuing bank, credit limit, limit usage, actual repayment records, and repayment records in the past 24 months ( Including normal and overdue), etc. The information in the credit report comes from lending institutions, administrative law enforcement agencies and telecommunications and other public utilities that provide consumer-now-pay-later services.

(1) Regulations on appointment time. To apply for early repayment, borrowers generally need to make an appointment with the lending bank in advance.

(2) Provisions on liquidated damages. At present, the loan contracts signed between most banks in Wuhan and mortgagors stipulate that only 1% liquidated damages must be paid to the bank for early repayment within six months after the loan is issued. However, if you repay the loan early after half a year, generally no charge will be charged. Liquidated damages. Please consult your lending bank for specific methods.

(3) The repayment amount is generally an integral multiple of 10,000 yuan.

There are three main models for early repayment of loans in China:

The first is to shorten the loan period and keep the monthly payment unchanged; for example, a home buyer’s previous loan period was 30 years, but now it can be adjusted to 25 years or even less, the monthly payment remains unchanged after early repayment. The advantage of adopting this early repayment model is that it can greatly reduce your interest burden, so it is accepted by most early repayers.

The second is to keep the loan repayment period unchanged and reduce the monthly payment; in this way, the monthly loan repayment pressure that home buyers need to bear will be reduced by part, but the interest that needs to be paid to the bank will not be the same as before. A mode of saving.

The third is to shorten the loan period and reduce monthly payments; such a model is obviously the most cost-effective among the three models, but for the working class, choosing this method is undoubtedly a good choice for the future. Life brings greater pressure, so if you don’t have enough strength, this early repayment model is not recommended.

For the vast majority of people with mortgages, choosing the first loan repayment mode may be the most suitable, which can reduce interest without affecting their lives.