If you repay your loan in full and on time for 5 consecutive years, your credit will be clean.

Bad debt records are no longer a “permanent pain” in the minds of consumers. Recently, the new version of the personal credit report of the People's Bank of China has been launched. Overdue credit cards and loans before October 2009 will no longer be displayed, and the overdue records will be retained for 5 years. In other words, overdue negative records will no longer accompany them for life. , if you can repay the loan in full and on time for 5 consecutive years, your credit will be clean.

"No period" was changed to 5 years. "The debt has been paid off for many years, but every time I print the credit report, I can see the overdue record, which inevitably makes me feel uncomfortable." In the future, consumers will no longer Suffering from this. The Credit Information Center of the People's Bank of China has confirmed that personal credit reports will begin to adopt a new version starting from August this year.

The new version of the report specifically emphasizes that “overdue and breach of contract behaviors that have ended 5 years ago, as well as tax arrears records, enforcement records, civil judgment records, administrative penalty records, and telecommunications arrears 5 years ago will not be displayed. fee record”. The display period of overdue records has also been changed from the original "no period" to 5 years. Consumers who are worried about the negative records of overdue credit cards or loans can finally feel at ease.

Customer service staff at the Credit Reference Center of the People's Bank of China revealed that the new version of the credit report determines the starting date for calculating overdue information as October 2009. In other words, the current personal credit report only contains bad records after October 2009. In addition, the residential address, work unit information, and spouse information are no longer displayed in the new version of the credit report, and the housing provident fund and pension insurance contents have also been deleted.

Extended information:

According to the "Credit Reporting Industry Management Regulations":

Article 6

Establishment of personal credit reporting business A credit reporting agency shall meet the conditions for company establishment and the following conditions stipulated in the Company Law of the People's Republic of China and be approved by the credit reporting industry supervision and administration department of the State Council: (1) Creditworthiness of major shareholders Good, with no record of major violations of laws and regulations in the past three years;

(2) The registered capital is not less than RMB 50 million; The prescribed facilities, equipment, systems and measures to ensure information security;

(4) The proposed directors, supervisors and senior managers meet the qualifications for office as stipulated in Article 8 of these Regulations;

(5) Other prudential conditions specified by the credit reporting industry supervision and administration department of the State Council.

Article 7

To apply for the establishment of a credit reporting agency operating personal credit reporting business, an application form and proof that it complies with Article 6 of these Regulations shall be submitted to the credit reporting industry supervision and administration department of the State Council. Materials that specify conditions.

The credit reporting industry supervision and administration department of the State Council shall conduct an examination in accordance with the law and make a decision on approval or disapproval within 60 days from the date of acceptance of the application. If it is decided to approve, a personal credit reporting business license shall be issued; if it is not approved, the reasons shall be stated in writing.

A credit reporting agency established with approval to engage in personal credit reporting business shall register with the company registration authority with a personal credit reporting business license.

No unit or individual may operate personal credit reporting business without the approval of the credit reporting industry supervision and management department of the State Council.

People's Daily Online - The new version of the central bank's credit report is online. Personal credit "stains" can be bleached in 5 years