Can the credit card account be restored after being hacked?

1. Can the credit card account be restored after being hacked?

Credit card accounts can be restored after being blacklisted. First, the cardholder needs to pay off all credit card debts, including overdue interest. If the interest is large, you can ask the bank whether it can be exempted. After repaying the debt, the overdue records will be kept in the credit report for 5 years. After 5 years, they will automatically disappear. Overdue records will always be recorded on the credit report.

Do not make late repayments on credit cards for daily use, because penalty interest will accrue after overdue repayment. The longer the time, the more penalty interest will be generated.

2. How long will it take for your credit card to be hacked if it is overdue?

A credit card that is overdue to the following extent is considered a black account

1. A credit card is overdue three times in a row or six times in total.

2. The credit card is overdue three times in a row or the credit card is overdue for more than 90 days without repayment.

In addition, if you become a black account after overdue and the overdue amount exceeds 10,000 yuan, the bank has the right to report the case, and you may be jailed. The credit card account can be restored after being blacklisted. First, the cardholder needs to pay off all the credit card debt, including the overdue interest. If the interest is large, you can ask the bank whether it can be exempted. After repaying the debt, the overdue records will be kept in the credit report for 5 years. After 5 years, they will automatically disappear. Overdue records will always be recorded on the credit report.

Do not make late repayments on credit cards for daily use, because penalty interest will accrue after overdue repayment. The longer the time, the more penalty interest will be generated.

Late repayment will also lead to a bad personal credit report. After a bad credit report, all kinds of loans will be rejected by banks, such as car loans, mortgage loans, home loans, etc.

In order to avoid overdue credit card repayments, users should think about their repayment plan in advance when using credit cards. If your personal income is relatively high, you can use credit cards with confidence. If your personal income is relatively low, you should use your credit card carefully to avoid spending too much and not being able to repay it.

You can set a consumption limit when using a credit card. If you cannot control your consumption habits, you can call the bank's credit card service hotline to reduce the credit limit of the credit card. This can also avoid excessive consumption of credit cards and failure to repay the credit card on time. When making a payment, users can also use the installment repayment function.

What should I do if my credit report is blacklisted?

Facing the situation of being blacklisted, specific issues need to be analyzed in detail:

1. Credit report The blacklist is caused by staff information entry errors. You can bring your ID card to the local People's Bank of China Credit Information Center to file an objection application.

2. If the credit card is on the overdue blacklist, you need to wait five years for the bad records to be automatically eliminated.

3. For credit blacklists caused by non-malicious arrears, you can negotiate with the bank and ask the bank to issue a non-malicious overdue certificate, and submit the certificate to the People's Bank of China to apply for the elimination of bad records.

The above are some solutions that can be taken to face the credit blacklist under different circumstances. It should be noted that the automatic elimination of bad records such as credit cards does not mean that there is no need to repay overdue amounts. It still has to be repaid.

Personal credit reporting refers to the activities in which personal credit reporting agencies established in accordance with the law collect and process personal credit information and provide personal credit information inquiry and evaluation services according to user requirements. A personal credit report is a personal credit history record that a credit reporting agency collects in accordance with the law, processes and organizes it in accordance with the law, and finally provides it to legitimate information inquirers in accordance with the law.

As of 2015, the database includes a total of 870 million natural persons, of which 370 million have credit records.

In May 2019, a new version of the personal credit report will be officially launched, and the duration and granularity of the credit report information will be further improved.

On September 30, 2021, the "Credit Information Business Management Measures" were reviewed and adopted at the 9th Executive Meeting of the Central Bank of 2021 on September 17, 2021, and are hereby issued. Effective from January 1, 2022 Effective from today.

Currently it is mainly used for various consumer credit businesses of banks.

As the social credit system continues to improve, credit reports will be more widely used in various commercial credit sales, credit transactions, recruitment and job hunting. In addition, personal credit reports also provide the inquirer with a way to review and standardize his or her credit history behavior, and form a verification mechanism for personal credit information.

Credit information:

1. Basic personal information used to identify individuals and reflect their family, career, etc.;

2. Individuals and financial institutions Or personal credit information formed by credit relationships with institutions such as housing provident fund management centers;

3. Personal credit purchase and payment information formed by credit purchases between individuals and commercial institutions and public utility service agencies;

4. Public record information related to personal credit formed by administrative agencies, administrative executive agencies, and judicial organs in the process of exercising their powers;

5. Other personal credit-related information information.

Influencing Factors

The main factors that may affect personal credit risk scores are: there have been overdue repayments on loans, or credit card overdrafts have not been repaid within the agreed time limit and repayment amount. funds, or have too many loan accounts, credit cards, etc.

Credit Reporting Management Regulations

Article 25: If the information subject believes that there are errors or omissions in the information collected, saved, or provided by the credit reporting agency, he or she has the right to file a complaint with the credit reporting agency or The information provider disputes and requests correction.

What to do if your credit card is on the blacklist

Legal analysis: After your credit card is on the blacklist, do not cancel the card and just maintain normal consumption for a long time. Generally, after two years, the credit report will be good and the bank will take it into consideration. Bad records will result in negative points, but as long as the cardholder maintains a good record for a period of time, the total score will naturally rise. You can use multiple credit cards to make purchases and ensure on-time repayment. If you continue to use your card to build a good credit history, the interest rate for being removed from the blacklist is still very high. Malicious overdraft refers to the cardholder's behavior of overdrafting beyond the prescribed limit or within the prescribed period for the purpose of illegal possession, and still refuses to return the card after being called upon by the card-issuing bank.

Legal basis: Article 196 of the Criminal Law of the People's Republic of China and the People's Republic of China. Anyone who engages in credit card activities under any of the following circumstances and the amount is relatively large shall be sentenced to not more than five years or criminal detention, and A fine of not less than 20,000 yuan but not more than 200,000 yuan shall be imposed; if the amount is huge or there are other serious circumstances, the fine shall be not less than five years but not more than 10 years, and a fine of not less than 50,000 yuan but not more than 500,000 yuan; if the amount is particularly huge or there are other particularly serious circumstances Whoever commits a crime shall be sentenced to not less than 10 years in prison or fined not less than 50,000 yuan but not more than 500,000 yuan, or his property may be confiscated if: (1) Using a forged credit card, or using a credit card fraudulently obtained with false identity certificates; (2) Using Canceled credit card; (3) Pretending to use another person’s credit card; (4) Malicious overdraft. The term "malicious overdraft" as mentioned in the preceding paragraph refers to the cardholder's behavior of overdrafting beyond the prescribed limit or within the prescribed period for the purpose of illegal possession and failing to return the card after being called upon by the card-issuing bank. Anyone who uses a credit card at the same time shall be convicted and punished in accordance with the provisions of Article 264 of this Law.

How to eliminate the credit card blacklist

The blacklist is determined based on the records of the credit information system. If you use the credit card for multiple overdue periods or cash out, etc., you may be blacklisted. List, a normal blacklist can only be eliminated automatically by correcting errors and covering the original bad records with new good records.

If the reason for the bad credit report is wrong, you can apply for reconsideration, but you need to submit evidence to eliminate it. It usually takes 10 working days to process, but the chance of errors in this kind of credit report is very small; If the credit card is not overdue maliciously, you can explain the situation to the bank and see if it can be canceled. This requires good communication with the bank to achieve the goal of erasing the record.

If the credit record cannot be eliminated, it will be automatically eliminated after 5 years. Bad credit records will be kept for a maximum of 5 years. As long as you maintain a good credit record, the credit card blacklist will be automatically eliminated by then. .

Note: Poor credit reporting caused by improper use of credit cards will affect many aspects. For example, when buying a house loan, the bank will check the credit reporting. If the credit reporting is bad, the bank will refuse to lend; also when buying a car loan. When checking your credit report, the bank will still reject it if you have a bad record; therefore, you must repay your credit card on time when using your credit card.

When using credit cards, you must control your desires and do not buy everything. This will exceed your tolerance and lead to inability to repay on time, which will eventually lead to a credit card blacklist. Therefore, you must control your desires in daily consumption.

What should I do if my credit card is blacklisted?

Solution:

1. If the overdue amount is very small and it occurs without your knowledge, you can Apply to the bank to cancel bad records, and the bank submits the application to the central bank.

2. If it is currently overdue (is overdue and has not been settled), the loan is usually not available. The borrower needs to settle the overdue loan and overdue credit card repayments before applying for a loan.

3. If the credit record is overdue, first check whether the credit record period has passed. At present, overdue records of the past 5 years are stored in the credit report. Overdue records older than 5 years will not be reflected in the credit report. Therefore, overdue loans more than 5 years ago will not affect the loan application.

4. If it is overdue within 5 years, the lending institution will review the overdue situation. Usually, if the cumulative number of overdues exceeds 6 times, or if the overdue times are more than 3 consecutive times, the loan will be refused (different banks have different standards) . If the credit card is only overdue once and is not currently overdue, it usually has little impact on the loan.

According to the "Notice on Issuing the "Credit Card Business Management Measures"":

Article 33 Anyone who opens a basic deposit account at a financial institution within the territory of the People's Republic of China and the People's Republic of China Units can apply for unit cards. Several unit cards can be applied for, and the cardholder's qualifications shall be designated and canceled in writing by the legal representative of the applying unit or his authorized agent.

Citizens with full capacity for civil conduct can apply for a personal card. The main cardholder of a personal card can apply for supplementary cards for his spouse and relatives over the age of 18. There may be no more than two supplementary cards. The main cardholder has the right to request the cancellation of his supplementary cards.

Article 34 When applying for a credit card, an organization or individual should fill in the application form in accordance with the regulations and submit it together with relevant information to the card-issuing bank. For those who meet the conditions, the card-issuing bank will open a credit card account for the applicant and issue a credit card.

Article 35 All funds in the unit card account shall be transferred and deposited from the basic deposit account. Cash shall not be deposited, and funds from other deposit accounts and sales revenue shall not be deposited into the unit card account.

Reference for the above content: Baidu Encyclopedia - Credit Card Blacklist

This is the introduction of what to do if your credit card is blacklisted.