If your credit card is overdue, please use this method to eliminate it.

1. What is an overdue credit card? An overdue credit card means that the minimum repayment amount is not paid on the last payment date specified by the bank, and the payment is not repaid within the grace period given by the bank, then the bank will judge the bill to be overdue. The specific number of days of the grace period will be determined by different banks.

2. How long does it take for a credit report to be filed if a credit card is overdue? If the cardholder can repay the loan within the grace period, the bank will not upload negative records to the credit reporting system. If the cardholder has not repaid the loan after the grace period, the bank will upload negative records to the credit reporting system.

3. What are the consequences of late filing of credit report? Overdue credit reporting will affect personal loans, such as consumer loans, car loans, housing loans, etc. When applying for a loan, banks will check personal credit reporting. If there are multiple bad records, some banks will directly reject the borrower's loan application. .

Sometimes it will also be affected when looking for a job, renting a house, or applying for a visa to go abroad. People with poor credit reports will also be blacklisted by the central bank, causing trouble in their lives. In addition, if your credit record is checked multiple times by various lending institutions, it will also affect your future loan applications and credit card processing, and the bank will think that your credit report is not good.

If the repayment is overdue for more than two years, it will not have much impact on the loan. If you have had three or six credit card failures in the past two years and your credit score has been checked, no matter what bank you are applying for, your loan will be rejected.

If it is indeed overdue and you are charged interest and late fees, you can also call the bank to explain the reasons and ask for help in reducing the interest and late fees. If the review is passed, the interest and late payment fees collected will be refunded in the next bill. However, the regulations of each bank are different. You can call for details.

4. How to eliminate overdue credit reports? After your credit card is overdue, you must first determine whether it is on the credit report. If you are sure that the overdue record has been on the credit report, you must remember not to cancel the card at this time, and you cannot sit idly by. You must pay off the debt as soon as possible to eliminate the overdue credit card record.

Generally speaking, according to the latest "Credit Report Industry Management Regulations", if you have no bad records before, continue to use it and maintain a good usage record during the period, the overdue credit report record of the credit card can be eliminated after 2 years. . If you have had a bad record of overdue repayment and continue to use it and maintain a good usage record during the period, the overdue credit record of the credit card will not be eliminated until 5 years later.