How long does it take for a China Merchants Bank credit card to be overdue to be considered a bad record depends on the following points:
1. Overdue for more than one month: If a customer holding a China Merchants Bank credit card has a bad record on the repayment deadline If the credit card is not repaid for more than one month, it is considered an overdue credit card. One month after it is overdue, the bank will record the overdue behavior and include it in the category of bad records.
2. Duration of bad credit card records: The duration of bad credit card records varies depending on individual circumstances. Typically, overdue credit cards will be recorded on an individual's credit report for a time frame of about 5 years. During this time, the cardholder's credit rating will be affected, and the impact may extend to other financial institutions.
3. Degree of impact: Overdue situations and bad records will have a negative impact on the credit rating of cardholders. Banks will report credit card overdue and bad records to relevant credit reporting agencies, such as Baihang Credit Reporting, Sesame Credit, etc. Bad records will lower the credit rating of cardholders, making them face higher risks when applying for loans, credit cards and other financial services in the future.
In short, a China Merchants Bank credit card that is overdue for more than one month is considered a bad record and will have a negative impact on personal credit rating for a certain period of time. Therefore, maintaining a good repayment record and making timely repayments are important measures to ensure that your personal credit is protected.
Extended information:
According to China’s Personal Credit Information Basic Database Management Measures, China’s credit reporting agencies need to manage personal information in compliance with laws and regulations, including financial credit information such as overdue credit cards. Bad credit history has a significant impact on personal credit ratings and financial services. Therefore, cardholders need to actively maintain a good repayment record and communicate and resolve with the bank as soon as possible in case of overdue payments to avoid the negative impact of bad credit records on personal credit.
Please note that the information provided above is only a general answer, and specific regulations may vary according to bank policies or personal circumstances. It is recommended that cardholders consult relevant staff of China Merchants Bank when encountering overdue credit card issues to obtain the most accurate answers and help.