With the continuous development of the Internet era, more and more people began to apply for online loans. If you don't have a good sense of repayment in the process of personal use, resulting in overdue loans or credit cards, bank financial institutions will automatically upload bad records to the central bank for credit investigation, and subsequent approval by other institutions can see your credit stain.

If the overdue debt is not returned and settled, the cumulative number of overdue credit information increases, forming a record of overdue debt in the current period, which belongs to malicious debt. Applying for a loan or a credit card is bound to be rejected.

In this case, if you want to repair credit, you must first settle the arrears. After the debt is settled, the credit stain will not accompany you for life. The repayment record of the latest credit report shall be kept for five years. Only after a long five-year credit repair period will your credit stain be completely eliminated.

Three misunderstandings in expanding information credit investigation;

Myth 1: Credit cards and online loans will not be used after they are overdue.

This practice is very wrong. If you don't pay it back all the time, credit cards and online lending platforms will have overdue repayment once a month, which means that bad credit records will be recorded once a month. This will cause your overdue records to accumulate.

Myth 2: If you accidentally forget to repay, you think you are overdue.

If you accidentally forget to repay the loan, don't admit that it is overdue. You can also use the bank's "time tolerance" service, that is, the overdue time is within the time limit stipulated by the bank, and the repayment will not be recorded in the bad credit record.

When the cardholder repays the loan after the time allowed by the bank, he should immediately submit a "non-malicious overdue certificate" to the bank to apply for cancellation of the overdue record. It is also feasible, provided that the amount cannot be too large, depending on the strictness of bank requirements.

Rong Shi! Most banks have three days!

In terms of time tolerance, most banks have a three-day term. When you don't repay in time, you will automatically open a time tolerance service. However, Guangfa's time-tolerance service can only be enjoyed 1 time in 1 year, and cardholders must call in advance to apply. Probably few people will predict that they will forget the repayment date! Therefore, Guangfa's time-tolerant service exists in name only.

Myth 3: Just cancel the credit card with overdue records and delete the loan APP.

I have met such a friend. This is a typical ostrich mentality, self-deception.

After the overdue repayment of the credit card, it is best not to cancel the credit card immediately after paying off the arrears, but to insist on using the card for more than two years, during which you will maintain a good credit and remedy the previous bad record to the maximum extent.