After Ping An Pratt & Whitney receives compensation, the compensated insurance company will collect the money from the borrower. At this point, users need to repay as soon as possible. Since the date of repayment of the loan, the compensation record will be kept for 5 years, and the record will be automatically deleted after 5 years. Bad records include overdue records and compensation records. As long as the user settles the arrears, there is a chance to delete it. However, if the user does not settle the arrears, the compensation record will always be kept, and it is more serious to have compensation records in the credit information than to have overdue records. Legal basis: Article 386 of the Civil Law of People's Republic of China (PRC): If the debtor fails to perform the due debts or the parties agree to realize the security interest, the holder of the security interest shall enjoy the right of priority compensation for the secured property according to law, unless otherwise stipulated by law. Article 387 Where a creditor needs security in order to ensure the realization of his creditor's rights in civil activities such as lending, buying and selling, he may establish a security interest in accordance with the provisions of this Law and other laws. If a third party provides a guarantee for the debtor to the creditor, it may require the debtor to provide a counter-guarantee. The provisions of this law and other laws shall apply to counter-guarantee.