After the mortgage is paid off, there will still be relevant loan records in the personal credit report. General loan records will be permanently retained in the credit information and cannot be deleted artificially. Different from bad records such as overdue, it can be deleted by the system after paying off the arrears for at least five years (if the mortgage is overdue, the compensation record will remain in the credit information, but the status will become overdue and settled).

Although the loan record will be retained after being paid off, the status will become settled. If it has not been repaid, it will show the status of outstanding, and after the loan shows that it has been settled, the recorded personal debt ratio will also decrease.

This kind of loan record is normal and will not cause any adverse effects on borrowers. If you want to borrow again in the future, there will be no problem, and you will not refuse the loan because there are loan records in the credit report (of course, if there are too many loan information recorded in the credit report, it may affect the approval; Or there is a record of overdue repayment, and the loan cannot be done in a short time).

Does it matter after the mortgage credit report is paid off?

1. Paying off the debt only solves the debt.

The borrower has paid off the previous overdue debt, so it will not be affected by the debt. On the one hand, it will reduce the borrower's debt ratio, on the other hand, it will also release the borrower's repayment ability. But this can only show that the borrower is not overdue at present, which does not mean that the overdue record does not exist.

It will still have an impact if the debt is paid off.

As we all know, after the overdue debt is paid off, the debt status will show that it has been settled, but the overdue record still exists, so the borrower's credit information is still problematic, which will also affect the loan application. As for the impact, it must be analyzed in combination with the severity of overdue.

There are general overdue and serious overdue. Generally, overdue means that it is overdue once or twice occasionally, and it is not a big problem to pay off the arrears for a period of time. Serious overdue refers to the black account of credit reporting, that is, overdue for three consecutive years within two years. After paying off the arrears, you have to conduct credit investigation for at least two years before you can get a loan, otherwise it will be rejected in nine cases out of ten.