1. The guarantor's overdue records can be eliminated after 5 years of payment. The guarantor's overdue credit report is six months later. Because in the recovery stage of overdue debt, it is mainly carried out to the borrower, and if the borrower determines that it cannot repay, then the guarantor will be required to bear the repayment responsibility. At this time, if the guarantor refuses to repay, he may be sued to the court and leave a record of dishonesty on the credit report.
2. Legal basis: Article 16 of the Regulations on the Administration of Credit Information Industry
The retention period of personal bad information by credit information agencies is 5 years from the date of termination of bad behavior or events; If it has been more than 5 years, it shall be deleted.
within the retention period of bad information, the information subject may explain the bad information, and the credit reporting agency shall record it.
2. How to apply for cancellation of overdue records
The methods for cancellation of overdue records are as follows:
1. Overdue due to non-subjective reasons, such as the overdue caused by personal information loans stolen by others. Users provide relevant evidence, apply to the loan bank and the credit center for objection, and after the bank verifies that the situation is true, the overdue record can be revoked;
2. overdue due to subjective reasons. Users settle all overdue payments and maintain good repayment records. After waiting for 5 years, the overdue records on credit information will be automatically eliminated;
3. If the credit card is overdue, the user should not cancel the credit card immediately after clearing the overdue amount of the credit card, because the use record of the credit card is carried out in a rolling way for two years. If the user continues to use the credit card for two years after paying off the overdue amount and keeps a good repayment record, the newly generated good repayment record will cover the previous bad record, thus achieving the effect of restoring credit information.