1. Apply to the judicial authorities for credit recovery.
Due to the modern credit information system, all kinds of economic debt disputes will be entered into the system through various institutions, such as arrears of telephone bills, arrears of utilities, credit card arrears and so on. However, due to various special reasons, individuals have overdue records, and the fault party is not caused by individuals. You can sue the other party through the court to let the other party cancel the overdue records and restore credit.
For example, if someone steals a credit card, the bank is obliged to cancel the overdue record. If it does not take the initiative to cancel, it can sue the other party through the court.
2. Apply to the credit reporting agency for cancellation of overdue records and adjustment of credit information.
If it is overdue due to special circumstances, such as unemployment caused by the epidemic, first pay off the arrears, then take the initiative to apply for credit adjustment, submit relevant certificates, and make credit adjustment after obtaining the approval of credit institutions (such as banks and loan companies).
The institution voluntarily cancels overdue records and restores the borrower's credit.
3. Continue to use credit cards
Pay off the debt after the credit card is slightly overdue, and then continue to use the credit card and repay it within the specified time every month. If it is not overdue, it can effectively restore credit.
Expanding knowledge: how long will it take to eliminate overdue records of credit information?
1, loans overdue record
According to the Regulation on Credit Management, the bad records in loans overdue will be kept in the credit information system for five years, that is, after the occurrence of loans overdue, it will take five years for the records to be automatically eliminated. Note that the five-year period mentioned here means that it can be deleted after five years from the date when the user pays off the arrears. If the borrower fails to repay the arrears, the overdue record will always exist.
2. Credit card overdue record
If it is only short-term overdue, such as within 30 days, and the repayment has been normal, you can take the initiative to call the issuing bank. In this case, the issuing bank will generally not upload your overdue records to the credit information system of the People's Bank of China, and naturally there will be no overdue records, that is to say, the credit card may not be reported for credit information if it is overdue. If the credit card is overdue for a long time, such as more than 30 days or even 90 days, the issuing bank will generally report your overdue record to the credit information system. If the credit card is overdue for the first time and fully repaid, the credit card will be used normally from the repayment settlement date without overdue records, and the overdue records can be eliminated within 2 years; If the credit card is overdue for many times and repaid in full, the credit card will be used normally from the repayment settlement date and there is no overdue record, and the overdue record can be eliminated in 5 years. However, if the credit card user cancels the credit card immediately after paying off the overdue payment, the bad record will be kept for a long time.