What does it mean to have a bad credit account?

Bank black account refers to a user who is included in the bank’s internal blacklist because of poor credit.

When a general user applies for loans, credit cards and other services at a bank, if the bank refuses the application on the grounds of insufficient credit score, it means that the user has been blacklisted by the bank. The reference factor for black accounts in banks is personal credit records. Under normal circumstances, bad credit records will be automatically eliminated after 5 years. Therefore, the black account in the bank is not permanent. After the user repays the loan that caused credit stains, the black account in the bank can be lifted by waiting for the record to be automatically eliminated.

Generally speaking, it refers to people whose credit cards are seriously overdue or whose loans are seriously overdue. Because they are on the bank's blacklist, it can be said that it is extremely difficult to apply for a credit card. They are easily rejected in the bank's blacklist: they have previously applied for a credit card at the bank or failed to repay the loan on time, and have overdue records, becoming People with bad credit are black bank accounts.

Due to illegal operations, black bank accounts have been included in the bank's blacklist and they no longer enjoy banking services. There are many reasons for becoming a blacklist, such as serious overdue credit card payments, non-payment of loans, illegal cashing out of credit cards, criminal records, etc. All of them will be blacklisted.

So, what does it mean to have a list of white accounts in the bank?

White accounts are those who have never done credit card or loan business in the bank and have no records. , their credit record in the bank is blank. It is relatively easy to apply for a credit card for a white household, but loans will be hindered to a certain extent. Without a credit history, it is impossible to evaluate past credit, and approval is difficult, or the expected amount may not be achieved.

What is the impact of credit fraud?

1. High penalty interest. The most direct impact of becoming a credit card blacklist is to pay high penalty interest and late fees. According to regulations of the People's Bank of China, the current bank loan penalty interest rate can fluctuate by 30 to 50% based on the loan interest rate stipulated in the loan contract. Following the interest compounding, the pressure on funds will be even greater.

2. Loan. The credit card application is hopeless. Because it is a credit blacklist, applying for new loans and credit cards is basically hopeless. In serious cases, banks may refuse to open a new debit card.

3. Impact on travel. In recent years, our country has paid more and more attention to personal credit records. According to news reports, in the future, people with bad credit records may not be able to purchase high-speed rail tickets and air tickets, and their children studying in private schools will also be affected. In short, society’s tolerance for credit fraudsters will become increasingly low.

Once you become a black account, you cannot handle all business in the bank, not even considering credit cards and loans. If the circumstances are serious, you will be notified by the police to become a criminal. Credit information is becoming more and more important in our lives. A black bank account usually brings a lot of inconvenience. Buying a house and even children's education will be affected.

Everyone should pay attention to their credit status and pay off credit cards and loans on time. If there is an unavoidable overdue situation, you must communicate with the bank in advance and apply for an extension. White accounts should maintain their usual credit as much as possible and need to accumulate credit to prevent future business with the bank from being blocked.

Under what circumstances will you be blacklisted by the bank?

1. Multiple overdue repayments on loans/new cards, etc. If you repeatedly overdue repayments, the bank will consider you If a credit card is frozen due to lack of repayment ability, the cardholder may also be added to the list. At this time, if you repay the loan in full and call customer service to ask for an unfreeze, the credit limit may be reduced. However, if the number of overdue payments is not many, customer service will generally unfreeze the loan.

2. If the property is frozen or confiscated due to various reasons, the credit card will also be frozen, and the cardholder may also be added to the list.

3. The credit card is suspected of cashing out. If you frequently use POS machines to make large purchases, or frequently withdraw large amounts of cash, etc., causing UnionPay to doubt your credit, UnionPay will notify the bank to suspect your account. There is a suspicion of cashing out. The credit card will be frozen on the grounds of suspected cash withdrawal, and the cardholder may also be added to the list.

4. Fill in false information. When we apply for a loan, we need to fill in personal application information. Some people will forge personal application information at this time, hoping to get approval faster. Sometimes the purpose of the loan is inconsistent with our actual purpose. When these situations are discovered by the bank, the bank will determine that you are a high-risk customer and may temporarily put you on the blacklist.

If you find that you have been put on a credit blacklist by a bank, there is no need to be too nervous. Because the blacklist has a time limit, and each bank and institution has a different time limit. As long as your subsequent credit record is of high quality, the bad behavior on the blacklist can be covered. Whether you forgot it accidentally or for whatever reason, you must take your credit record seriously. Don't engage in bad behavior that could put you on the bank's blacklist.

: How to remove the bank blacklist?

Under normal circumstances, the blacklist of dishonest persons subject to execution is valid for two years and will be automatically eliminated after two years. Responsibilities can be fulfilled in advance and can be eliminated within three working days. If the nature is egregious, it will be eliminated. The time will be extended accordingly.

The credit blacklist will be retained for a longer period of time. Even after all the items are settled, the overdue records will remain on the credit report and will have no impact after 5 years.

Industry blacklists are unavoidable. This is related to bank risk control. You can try changing industries or occupations. As long as your income is stable, applying for loans and credit cards will be much easier.

How long does it take for a credit card debt to be blacklisted? These two factors are key

If you fail to pay back your credit card debt, you will be blacklisted by the bank. Once you are blacklisted, it will be impossible to apply for credit business with the same bank in the future. However, banks do not blacklist cardholders just because they owe money, but based on the time of arrears and the number of arrears. So, how long does it take for a credit card debt to be blacklisted? Let’s take a look.

1. Time of arrears

For those who can be blacklisted by banks, usually the time of arrears is not short, if it is only a few days, a few weeks, or overdue within 30 days , these are all slightly overdue, and the bank will not kill them with a stick. After all, everyone will have trouble making money;

If the debt is owed for more than 90 days, this situation will appear in the credit report In the credit card repayment record, the overdue level will be marked as 4, which is a relatively serious overdue. If you are suspected of maliciously failing to repay your overdraft, you are more likely to be blacklisted by the bank.

2. Number of arrears

When handling credit business at a bank, the bank will focus on the cardholder's repayment status in the past two years. If the overdue record reaches three consecutive six years within two years, , there is no need to think about this, it has definitely been blacklisted by the bank. In addition, if you have multiple debt records within six months, you are more likely to be blacklisted by your credit card.

If you are only overdue once or twice and pay off the money immediately after you owe it, it will not become a blacklist.

The above is the relevant introduction to "How long does it take for a credit card debt to be blacklisted?" I hope it will be helpful to everyone. In short, if you owe more than 90 days to your credit card, or if you are overdue three or six times in a row, you are more likely to be blacklisted, and the consequences will be serious. If you overdraw your credit card, you should try your best to repay it on time.

What does a black credit account mean?

A black credit account generally refers to a person whose credit card is seriously overdue or whose loan is seriously overdue, because they are on the bank's blacklist. The credit report reflects that the applicant has serious bad records, there are serious flaws in the applicant's willingness or ability to fulfill debts, past debts have formed a factual risk, and one of the following conditions is met: 1. The status of the loan or credit card account shows frozen, stopped payment, Abnormal status such as bad debts; 2. Credit cards in the last 24 months (Note: Credit cards with account status "Closed" refer to the last 24 months at the time of inquiry, and the last 24 months refer to the last 24 months of the settlement year, the same below) Loans are allowed if G (account closed) or 4 (credit card has not paid the minimum payment for 4 consecutive times).

3. Loans in the last 24 months (Note: Loans whose account status is shown as "settled" refer to the last 24 months at the time of inquiry, and loans whose account status is shown as "normal". The last 24 months refer to the settlement year. In the last 24 months, the same below), the repayment status records include G (uncleared account), Z (assets to repay debts), and D (guarantor repayment). 4. The cumulative minimum repayment amount of the credit card has exceeded 8 times or 3 times in the last 24 months (the minimum repayment amount has been missed on the credit card for 3 consecutive times, and the quasi-credit card has been overdrafted for 61-90 days) more than 2 times; 5. In the last 24 months In the monthly loan repayment status record, the cumulative number of overdue loans exceeds 8 times or 3 times (overdue for 61-90 days) exceeds 2 times; 6. Other individual customers identified by the business department who should enter the prohibited category. For prohibited customers, unless the customer can prove that the above results are not caused by his or her own fault, provide a written explanation, and obtain the approval of the loan approval form signed by the head of the credit business of the branch (first-level branch or second-level branch), otherwise all levels of Banking institutions are not allowed to conduct new credit business with them.

Under what circumstances will a credit card be blacklisted?

Generally, when repaying a credit card, failure to repay the minimum payment amount before the repayment date will result in a bad credit record, because this is already an overdue repayment, but it will not be considered a default once or twice. Blacklisted. Blacklisting is a more serious situation.

1. Malicious overdraft

Using credit cards without restraint leads to overdraft of the credit card limit. In this case, you will be blacklisted.

2. Defaulted Loan

If you currently have unpaid principal and interest of the loan or the guarantor is repaying it on your behalf, you will be blacklisted. If a single loan has continuous unpaid loan within 24 months, you will be blacklisted. Records of repaying principal and interest for more than 6 periods, records of a single loan being overdue for more than 24 periods, and records of loan extension or debt repayment in the past two years will be blacklisted.

3. Serious overdue repayment

If your credit card has not repaid the minimum payment for more than 6 periods in the past 12 months, or the quasi-credit card has been overdrafted for 180 days If the above records are not returned, they will be blacklisted.

What are the reasons for black households?

The reasons are as follows:

Violation of family planning regulations, failure to pay social support fees, inability to apply for household registration, in previous censuses There is no information in the census. During the process of household registration transfer, if the household registration transfer certificate is lost, you need to go to the place of moving to issue a loss statement, and then reissue the household registration transfer certificate and go to the place of transfer to register.

This is the end of the introduction on why credit cards can be hacked and whether credit cards can be hacked. Have you found the information you need?