Many friends have many overdue records in the process of using credit cards for various reasons. Faced with this situation, friends often take the method of canceling their cards, thinking that this can erase bad records. In fact, this practice is wrong. Because there will be no new credit records in the credit information system after the card is cancelled, the previous bad records will remain because they have not been replaced by new records, and will not be cancelled until five years later. If this happens to your credit card, you should continue to use it for 24 months after paying off the arrears, and cover the previous negative records with good records before doing other processing, because what you see in the credit report is only the records of the last 24 months.

Credit records play a key role in handling credit cards and applying for loans, so online posts often have money to cancel blacklists. We advise you not to trust them. If your overdue amount is small and it happened without your knowledge, you can apply to the bank to cancel the bad record, and the bank will submit an application to the central bank.

If it is currently overdue (overdue, unsettled), it is usually impossible to borrow money. Borrowers need to settle overdue loans and credit card overdue repayments before applying for loans. If it is historically overdue, first look at whether the credit record period has passed. At present, the overdue records of nearly five years are kept in the credit report, and the credit records of more than five years will not be reflected. So overdue five years ago does not affect the loan application. If it is overdue within five years, the lending institution will review the overdue situation. Usually, if the loan is overdue for more than six times, or if it is overdue for more than three times in a row, the loan will be refused (different banks have different standards). If the credit card is overdue only once and there is no overdue at present, it usually has little impact on the loan. However, it should be noted that credit loans have higher requirements for credit investigation than mortgage loans. If the repayment ability is average and there is a recent overdue record, this kind of credit loan is usually difficult to pass the examination.