Legal analysis:
Overdue credit records are divided into two situations: credit card overdue records and loan bad credit records. The elimination time of overdue records in these two situations is different:
1. Credit card overdue records
Credit card repayment information will be recorded by the central bank’s credit reporting system on a rolling basis for 24 months. If there is no new record after the expiration date, this information will be saved for a long time. Come down. Therefore, when a credit card expires, do not cancel it immediately. You should insist on using it for more than two years and keep good records so that the overdue records can be eliminated.
2. Bad loan credit records
The credit reporting agency’s retention period for personal bad information is 5 years from the date of termination of the bad behavior or event; if it exceeds 5 years, should be deleted. Therefore, if a loan creates a bad credit record, the record will be automatically eliminated as long as it is no longer overdue within 5 years.
Legal basis:
"Regulations on the Administration of the Credit Reporting Industry"
Article 16 The retention period of personal bad information by credit reporting agencies shall be from the date of bad behavior or It shall be 5 years from the date of termination of the event; if it exceeds 5 years, it shall be deleted.
During the retention period of adverse information, the information subject may explain the adverse information, and the credit reporting agency shall record it.
Article 17 Information subjects may inquire about their own information from credit reporting agencies. Personal information subjects have the right to obtain their credit reports for free twice a year.
Article 18 When inquiring about personal information from a credit reporting agency, the written consent of the information subject shall be obtained and the purpose shall be agreed upon. However, this is excepted where the law stipulates that inquiries may be made without consent.
Credit reporting agencies shall not provide personal information in violation of the provisions of the preceding paragraph.