The personal credit record saved by the People's Bank of China cannot be quickly restored through any convenient channels.

1. If you have any debt, please repay it as soon as possible;

2. The retroactive period for bad credit reporting is five years. After five years, the bad credit reporting will be cleared and you can handle business normally;

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3. If the debt is still outstanding after the expiration of the retroactive period for bad credit reporting, the bank can apply for an additional period of five years or permanently.

If there is negative information in the personal credit report, it will be deleted from the credit report after a certain number of years. Moreover, as long as the individual is honest and trustworthy in future credit activities, as time goes by, New, good records will gradually refresh and replace old, negative records.

Extended information

What are the consequences of an overdue credit card?

If the overdue degree reaches a very serious level, it will constitute a malicious overdraft and the credit card will be charged Fraud conviction. The sentencing standard will be based on the amount of our malicious overdraft, which includes fixed-term imprisonment of less than 5 years, more than 5 years and less than 10 years, more than 10 years, or life imprisonment, and a penalty of not less than 20,000 yuan but not more than 200,000 yuan, and more than 50,000 yuan. A fine of less than 500,000 yuan or confiscation of property.

If your credit card is overdue more than 6 times within two years, you will not be able to apply for a provident fund loan. There may be a chance of saving if we accidentally overdue once or twice, but if we are overdue three times and six times in a row within two years, then our provident fund loan will be out of reach for us. Because when banks or provident funds handle credit business, they mainly rely on the credit history of the lender in the past two years. Therefore, cardholders who want to apply for provident fund loans to buy houses must pay back on time when using credit cards

If the overdue payment is not serious, then in theory we can still apply for bank loans. Many cardholders who want to borrow money to buy a house have been overdue and have a bad credit record. If you apply for a commercial loan in this situation, because of your credit problem, most banks will increase the base interest rate by at least 10%. Obviously, your cost of buying a house will increase greatly. If the number of overdue loans is high and serious, then you will be directly denied a loan by the bank. Therefore, when using a credit card, considering that we have plans to buy a house in the future, we must not be overdue.