Generally speaking, after the loan is paid off, the credit will be updated in about one month. If the loan is paid off this month, the bank will submit the information to the People's Bank of China before June 10, and the People's Bank of China will upload the information to your credit information before June 15. These loan information, or overdue information in repayment, will be uniformly updated and cleared by the People's Bank of China after five years. Usually, within one month after the loan is settled, the updated record will be displayed on the credit report. If you pay off your debts in August, the borrowing bank will submit your loan settlement information to the Credit Information Center of China People's Bank around September 10, and the Credit Information Center will upload the information to your personal credit report around September 15. The information uploaded by each bank is slightly different, depending on the uploading time specified by the bank. If the debts are paid off within the time limit, the credit records shall be kept for five years and automatically deleted after five years.

1. How long can a small loan pay off the credit?

Generally, it is about 1 month. Because major banks and financial institutions report credit information at different times, sometimes once a month, sometimes several times a month, if your data card is at the reporting point, it may not be reported for the time being. Moreover, after the financial institutions report the data, it will take time for the central bank's credit information center to process it, so it will take some time for it to be finally displayed.

In short, it takes about 3~ 1 month from the time when all the small loans are paid off to the time when the credit information is updated, and sometimes it can be displayed as soon as possible.

Second, what should I do if my credit is not updated?

1, contact the bank. You can directly go to the counter to apply for printing settlement vouchers and related materials, or you can call the phone or mobile app to submit the application. After the bank prints it, it will be stamped and mailed, which usually takes about a week.

2. The bank's settlement certificate needs to be stamped by the bank, and it must be fresh and cannot be copied. Moreover, the micro-loans under its name can only be applied after they are all settled, otherwise they will not be issued.

credit report

At present, it is mainly used in various consumer credit businesses of banks. With the continuous improvement of the social credit system, credit reports will be more widely used in commercial credit sales, credit transactions, recruitment and job hunting and other fields. In addition, the personal credit report also provides a way for inquirers to examine and standardize their own credit history behavior, and forms a verification mechanism of personal credit information.

Credit information

1. Personal basic information used to identify individuals and reflect their family and occupation;

2. Personal credit information formed by the credit relationship between individuals and financial institutions or housing provident fund management centers;

3. Personal credit purchase and payment information formed by personal credit purchase relationship with commercial institutions and public utility service institutions;

4. Public record information related to personal credit formed by administrative organs, executive organs of administrative affairs and judicial organs in the process of exercising their functions and powers;

5. Other information related to personal credit.

influencing factor

The main factors that may affect the personal credit risk score are: repayment in loans overdue, failure to repay according to the agreed time limit and repayment amount after credit card overdraft, or too many loan accounts and credit cards.

How long does it take to update personal credit information?

In different parts of the credit report, the update mechanism is different and the update frequency is different.

(1) Credit Section. General loan or credit card records are generally updated once a month. General banks will report customers' repayment records or overdue records of last month at the beginning of the month, especially credit card records, which are reported in batches to update credit information. The specific time of each bank is different.

(2) Company name, address, mobile phone number, marital status, etc. When handling a new loan or credit card business, the basic information is generally updated, otherwise it will not be updated. If this part of the basic information is wrong, go directly to the nearest People's Bank, submit materials to the Credit Information Center (Credit Information Management Department), fill out an application form for credit information objection, explain the situation and apply for change. According to the Credit Management Regulations, you must give an answer within 20 days. This situation is the easiest to correct, and it can be corrected within 20 days.

How often is the credit inquiry record updated?

Credit inquiry records are generally updated once a month. The update of credit inquiry records is mainly based on personal credit data reported by commercial banks and financial institutions. The specific update time is related to the reporting time of each bank. Most banks will keep uploading credit data once a month, and after one month, everyone can check their relevant credit records. If the user has a bad credit record, it will be automatically updated 5 years after the relevant breach of contract is eliminated.

How long does it take to update the credit information?

The new version of the credit report will be updated in two days. The old personal credit report is updated once a month.

Therefore, before the new version of credit information was launched, there were many malicious and frequent loan applications. In order to prevent this phenomenon, the update time of the new version of credit information is T+ 1.

In other words, after the borrower applies for a loan, it will generally be updated the next day. In case of holidays or other special time, personal credit information will also update the loan-related records within 3 days at the latest.

After the bank reports the personal credit data, the People's Bank of China will generally update it within one to two months. If you want to query the personal credit report, the data of the credit report is not real-time. If the user prints the credit report of 10, the data information displayed above is August or September, not the data of the current month.

How to restore credit information through frequent online loans?

After frequent online loans, it is recommended to repair credit information at least once every six months and apply for online loans, and strictly control the number of times to apply for online loans. If you have to borrow online loans, you'd better choose a loan product with a long term and a large amount, which will not only ease the repayment pressure, but also reduce the number of loan applications.

Credit investigation is an activity that a professional and independent third-party organization establishes credit files for individuals or enterprises, collects and objectively records their credit information according to law, and provides credit information services to the outside world according to law. It provides a platform for professional credit institutions to share credit information.

While waiting for the personal credit record to be cleared, we must do these three things well:

1. All outstanding loan bills and credit card bills should be settled.

2. There will be no new acts of dishonesty such as overdue, and a good credit record will be maintained.

3. Keep good borrowing habits and don't apply for a lot of loans and credit cards in a short time.

According to the current regulations of credit reporting agencies, personal credit records will generally be cleared after 5 years. But the bad records that have not been returned for a long time will be kept for a long time. In other words, the normal loan records and overdue records that have been paid off will be kept in the credit records for five years. After the records are kept for 5 years, the system will automatically delete the credit records.

Therefore, for friends with bad credit records, they need to wait patiently for 5 years before their credit can return to normal.