If a faithless person wants to resume credit investigation as soon as possible, he must pay off the overdue debts as soon as possible. After all, overdue records will only be deleted if the arrears are paid off.
How to restore personal credit information?
Eliminate by time
After the overdue period, the bank will upload the overdue information to the credit information system of the People's Bank of China, resulting in a credit stain. If the personal credit report is overdue, a good credit record will be maintained from the date of paying off the arrears, which can be cleared after 5 years.
Explain to the bank at the early stage of overdue
Many overdue repayments are not intentional, but they forget the repayment date. At this time, you should contact the bank and loan platform at the first time to explain that you didn't intend to overdue, pay off the loan in time, and try to eliminate bad credit records.
You can apply to the bank for objection after the deadline.
Not all overdue cases are due to their own reasons, and sometimes personal information may be caused by impersonation or bank mistakes. If it is found that the credit report is wrong, it is necessary to submit an objection application and related materials to the local credit center of the People's Bank of China in time.
Clean up bad debts in time.
"Bad debt" is a terrible word! So be sure to clear your bad debts, keep a good credit record after paying them off, and eliminate them after 5 years.
What is the impact of poor personal credit reporting?
Affect other loans
Banks attach great importance to personal credit information when reviewing borrower information. People with credit problems cannot apply for loans in banks, microfinance companies and other financial institutions. Not only do you want to start a business with a loan, but the capital turnover has also become futile. Even applying for a mortgage or car loan will be rejected.
Work is affected.
At present, many work units have begun to review employees' personal credit information, and many employers have gradually incorporated credit evaluation into recruitment conditions when recruiting blue-collar employees. People who are blacklisted for credit information cannot join the Party, take civil service examinations, engage in specific industries or projects, receive government support or subsidies, and have no qualifications for specific posts.
Travel is blocked
If you accidentally get on the credit blacklist, your travel will also be affected. Personal vehicles entering and leaving expressway toll station may also be temporarily detained. Can't buy a plane ticket; Trains can't buy soft sleepers, and ships can't buy second-class cabins; Can't take the first-class seat of high-speed rail and bullet train; Can't buy a private car instead of walking, water, land and air, and high-speed travel are all impassable. Business involving personal integrity should be used as the scoring standard of personal credit report.