The credit record is a personal credit evaluation and report document formed by the personal credit information collection agency of the People's Bank of China, and the bad credit record is a historical record that adversely affects the personal credit report. Once a bad credit record is formed, future loan and credit card processing, employment, going abroad and renting a car will be affected.

The following situations may cause bad credit records:

First, credit card overdraft consumption can not be repaid on time, resulting in overdue records;

Second, the mortgage loan cannot be repaid on time, resulting in overdue records;

Third, after the interest rates of mortgage and consumer loans are raised, the interest arrears caused by "monthly payment" are still overdue according to the original amount;

Fourth, in the case of providing a guarantee for the third party, the third party failed to repay the loan in time;

Fifth, using other people's ID cards to handle credit cards and loans, resulting in overdue records.

Special reminder: Bad credit records cannot be kept permanently. They can be kept in the personal credit report for up to 5 years. The starting point of 5 years should be counted from the date of completion of overdue repayment. Overdue, not subject to the 5-year time limit. In addition, as long as the minimum repayment amount can be paid by credit card every month, it will not affect the personal credit record, and if the repayment can be recorded in time within 3 days after the repayment expires, it will not affect the credit record.

Ignore the seriousness of personal credit, usually only when you need to borrow money from the bank. So remind the general public to cherish their credit records and don't let unnecessary stains appear on their "second ID card".