After the credit card loan is paid off, it will generally show that the loan has been paid off within 7 days, depending on the data uploaded by various banks. Credit card holders who pay off their credit cards before the data collection date of the current month will upload them to the credit information system in the current month. If they pay off their credit cards after the data collection day of the month, they will upload them to the credit information system next month and reflect them in the credit information system.

First, the meaning of credit reporting.

Credit investigation is an activity that a professional and independent third-party organization establishes credit files for individuals or enterprises, collects and objectively records their credit information according to law, and provides credit information services to the outside world according to law. It provides a platform for professional credit institutions to share credit information.

Second, the main role of credit reporting.

(1) Reduce information asymmetry. Credit investigation can help banks make a reasonable evaluation and avoid the risk of non-performing loans.

(2) Reduce the information rent charged. When there is an evaluation report, the bank can reduce the information fee charged.

(3) generate constraints. Credit information will record and analyze the loan situation, which can bind the lender. If there is a problem with the credit information record, the loan will also be a problem.

(4) Reduce excessive borrowing. The credit information record on the loan will make the borrower borrow cautiously and reduce excessive borrowing.

(5) Credit investigation can restrain the behavior of enterprises and individuals from the system, which is conducive to the formation of a good social credit environment.

Third, how to solve the credit record.

(1) Reduce the number of credit information inquiries. Asking too much will automatically determine that the borrower has a very urgent demand for money, thus doubting the borrower's repayment ability, which is not good for borrowing;

(2) Reduce the debt ratio. If you want to save the credit information, you must solve the bad records in a targeted way, such as overdue and timely repayment and curbing bad consumption.

(3) Maintain good consumption. In addition to timely repayment, you should also use your own credit account more. As long as you can repay in time, you can increase the activity of your credit account.

note:

After the credit card is returned, the amount owed will not be displayed after the credit update, but if there is a credit card overdue record before, it will not be eliminated because the credit card is returned. According to the provisions of the credit reporting agency on the retention period of personal bad information, it is 5 years from the date of termination of bad behavior or incident. This means that after the credit card is returned for 5 years, the overdue bad credit record will be eliminated.