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After the loan is paid off, it will still be recorded in the credit report, but the credit report will show that the loan has been settled. Everyone needs to pay attention that the relevant records will not be eliminated from the credit information because the loan has been repaid. However, if the bank or lending institution or platform that provides the loan is not connected to the central bank's credit information system, the credit information of the loan itself will not be recorded, such as how much money the borrower borrowed, when he borrowed it and when he paid it back.
How long will it take to clear the records on the credit report after the online loan is settled?
1. In general, the credit record will be updated after one month, that is, it will show that your online loan has been paid off after about one month.
2. If you only applied for one loan and didn't apply for other loans at ordinary times, you can wait 1 month before applying for a loan. Loans that are not particularly strict generally have no impact.
3. If you want to wait for the online loan application record to be eliminated, it will take about 5 years before the previous record will be overwritten.
Extended data
First, how many months of inquiry records does the credit report show?
There are many types of credit records, and the display time of different types is different:
1. The credit record records the basic information handled by the lender, including loans, credit cards and guarantees. , which will always be displayed in the credit report.
2. Overdue record refers to the record that credit business such as loans or credit cards fails to repay on time, and it will be displayed for 5 years after the termination of bad behavior.
3. Public records refer to payment information such as social security and provident fund, which will show the records of the last five years.
4. Inquiry record refers to the record left after inquiring about the credit report, and the credit report will show the inquiry record of the last two years.
Will the settled loan disappear in the credit report?
Up to now, when applying for loans from formal financial institutions such as banks, loan information records such as repayment amount, repayment date and overdue date will be recorded in the credit information. After the debt is paid off, the loan-related information records will not disappear and will remain in the credit report forever. However, if it is a non-performing loan record in the credit report, it will "disappear" after paying off the loan.
1. Loan is a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must return them. Loans in a broad sense refer to loans, discounts, overdrafts and other borrowing funds. Banks put concentrated money and monetary funds out through loans, which can meet the needs of expanding social reproduction and promoting economic development. At the same time, banks can also obtain loan interest income and increase their own accumulation.
Second, the risk review of microfinance
The emergence of loan risk often begins at the stage of loan review. Comprehensive judicial practice shows that the risks in the loan review stage mainly appear in the following links.
(1) The loan examiner of the bank was omitted from the review content, which led to credit risk. Loan review is a meticulous work, which requires investigators to systematically investigate and investigate the qualifications, qualifications, credit and property status of loan subjects.
(2) In practice, some commercial banks do not have due diligence, and loan examiners often only pay attention to the identification of documents without due diligence, so it is difficult to identify fraud in loans and it is easy to cause credit risk.
(3) Many wrong judgments are caused by banks not listening to experts' opinions on relevant contents, or by professionals making professional judgments. In the process of loan review, we should not only find out the facts, but also make professional judgments on relevant facts in legal and financial aspects. In practice, most loan review processes are not very strict and in place.
Third, the legal content of the pre-loan investigation
(1) Review the legal status of the borrower, including its legal establishment and continuous and effective existence. If it is an enterprise, it should examine whether the borrower is legally established and whether it has the qualifications and qualifications to engage in related businesses, and check the business license and qualification certificate. Pay attention to whether the relevant certificates have passed the annual inspection or related verification.
(2) Regarding the credit standing of the borrower, check whether the registered capital of the borrower is suitable for loans; Review whether there is any obvious withdrawal of registered capital; Past loans and repayments; And whether the borrower's product quality, environmental protection, tax payment, etc. are illegal and illegal that may affect the repayment.
How long will it take to eliminate the credit record after the loan is paid off?
The elimination time of different types of credit records is different. After the overdue loan is paid off, it will be retained for 5 years from the date of repayment before it will be eliminated; Query records will only show the records of the past two years, and credit records refer to regular loan records. After the loan balance is paid off, the repayment status will show paid off.
Extended data:
Credit investigation includes personal credit and enterprise credit. Of course, there are also government credit surveys, but they can be ignored.
Enterprise credit investigation refers to the comprehensive evaluation of credit ability (mainly solvency and solvency degree) of enterprises, bond issuers, financial institutions and other market participants on the basis of analyzing various factors such as credit records, operating level, financial situation and external environment. Formally, enterprise credit investigation is a comprehensive analysis and measurement of performance ability and its reputation, and it is an indispensable intermediary service in the market economy system.
Personal credit reporting refers to the activities of a legally established personal credit reporting agency to collect and process personal credit information and provide personal credit information inquiry and evaluation services according to users' requirements. Personal credit report is a personal credit history record provided to legal information inquirers after the information collected according to law is processed and sorted by credit reporting institutions.
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 review and standardize their own credit history behavior, and forms a verification mechanism of personal credit information.
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. Credit institutions or information providers who receive objections shall mark the relevant information in accordance with the provisions of the supervision and administration department of credit information industry in the State Council, check and deal with it within 20 days from the date of receiving the objections, and give a written reply to the dissidents.
After verification, it is confirmed that there are errors or omissions in the relevant information, and the information provider and the credit reporting agency shall correct them; If it is confirmed that there are no errors or omissions, the objection mark shall be removed; If it cannot be confirmed after verification, the verification and objection shall be recorded.
Will the blacklist of credit information be eliminated after the loan is paid off?
Recently, many friends asked me, if the online loan has been paid off, will the blacklist of credit information be eliminated? Here, let's answer this question for everyone.
Retention period of bad credit card records
The first thing to know is that the repayment information of credit cards will be recorded by the central bank's credit information system for 24 months, that is to say, the bad credit records generated by overdue repayment of credit cards will be kept in the credit information system for two years. During these two years, if the card is terminated, the corresponding records will not be scrolled and will be kept for a long time. Therefore, in order to eliminate bad records, it is recommended that you continue to use this card for two years.
If you are usually negligent in repayment, you must repay as soon as possible, preferably in full, after you find that it is overdue. If the previous personal credit record has been good, and the overdue time is short, and the repayment is found to be good after the overdue, then this overdue record may not be recorded in the credit information.
Retention period of bad bank records
The Regulations on the Administration of Credit Information Industry stipulates that the retention period of personal bad information by credit information agencies is 5 years from the date of termination of bad behavior or events.
Credit stain, also known as bad credit record. It belongs to the restricted category of personal credit records. After a bank customer applies for a loan, the repayment is overdue for some reasons, that is, credit stain. Different banks have different approval standards for personal credit records. With the change of time, consumers' economic situation and repayment situation will also change, and banks will not always pay attention to consumers' early bad credit records. So after five years, your bad credit record will be eliminated.
"Humanization" of Loan Credit Record Processing
If it is not maliciously overdue and does not cause adverse conditions, the lending institution will give the borrower more repayment time, and the lending institution will upload the overdue record to the central bank, which will take a certain period of time, that is, a certain grace period will be given to the case of unintentional overdue due to temporary negligence. However, everyone still needs to pay attention to protecting their credit records.
How to eliminate bad records?
1. Take the initiative to find the lender to explain the reasons, and pay off the money and overdue fees to prevent overdue behavior from being uploaded.
2. Issuing a non-malicious overdue certificate and providing the borrower with written evidence of non-malicious breach of contract can eliminate the hostility of the bank and facilitate the next loan.