Yes The credit report shows that the claim has been settled, and the claim record will be kept on the credit report for five years. Even if the arrears have been settled, this record will have a negative impact on the personal credit rating, which may reduce the borrower's loan amount, fail to give the borrower preferential interest rates or make the loan interest rate rise. Even after many bad credit records, the borrower's loan application will be directly rejected. In addition, the poor credit information may be blacklisted by the central bank, which will bring a lot of inconvenience to life. If the borrower urgently needs to use the credit information, he can try to object to the appeal. If the application is successful, the record will be erased, so there is no need to wait for five years. According to Article 25 of the Regulations on the Administration of Credit Information Industry, if the information subject thinks that his information is wrong or omitted, he has the right to raise an objection to the credit information agency and ask for correction.