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Under normal circumstances, the loan records on the credit information are kept for 5 years, and the application approval records are kept for 2 years. If there is a record of overdue repayment, it will be deleted after 5 years of repayment according to the Regulations on the Administration of Credit Information Industry. If it is not paid off, it will be retained for 5 years after it is paid off.

Now there are many small loan products, which do not need to go to the bank to handle, and the loans arrive quickly, so many people borrow more and more. Finally, in loans overdue, the loans are recorded in the credit record. Many people worry that credit records will always exist, so how long will it take to eliminate them?

Under normal circumstances, the loan records on the credit information are kept for 5 years, and the application approval records are kept for 2 years. If there is a record of overdue repayment, it will be deleted after 5 years of repayment according to the Regulations on the Administration of Credit Information Industry. If it is not paid off, it will be retained for 5 years after it is paid off.

However, if the loan is not overdue and has been settled, this record has no effect on personal credit. Moreover, handling business in banks mainly depends on the credit records of users in the past two years. Users can still apply for loans if they keep a good record of consumption and repayment.

How long will the closed online loan record disappear?

The settled online loan record, if it is a credit report, will never disappear and will remain in the credit report.

The credit information of normal repayment will always be retained, not the online credit information.

After the overdue debt is settled, only the overdue online loan records will be kept in the credit information for 5 years, and the overdue records that have been settled after 5 years will be deleted.

Therefore, as long as the loan record applied by the user is repaid normally, this record will be kept permanently and will not be deleted.

Online lending, mbth is Internetlending, and p2p online lending is the abbreviation of online lending, including personal peer-to-peer lending and commercial peer-to-peer lending. P2P online lending refers to direct lending between individuals through the Internet platform. It is a sub-category of the Internet finance (ITFIN) industry.

In 20 12, the number of online lending platforms in China increased rapidly, with about 350 active platforms so far, and the total number reached 3,054 by the end of April 20 15.

The essence of internet finance still belongs to finance, and it has not changed the characteristics of financial risks such as concealment, contagiousness, extensiveness and suddenness. Strengthening the supervision of Internet finance is an inherent requirement to promote the healthy development of Internet finance. At the same time, Internet finance is a new thing and a new format. It is necessary to formulate a moderately loose regulatory policy to leave room and space for Internet financial innovation.

By encouraging innovation, strengthening supervision and mutual support, we will promote the healthy development of Internet finance and better serve the real economy. Internet financial supervision should follow the principles of "legal supervision, moderate supervision, classified supervision, collaborative supervision and innovative supervision", scientifically and reasonably define the business boundaries and access conditions of various formats, implement regulatory responsibilities, clarify the bottom line of risks, protect legitimate operations, and resolutely crack down on illegal activities.

Peer-to-peer lending includes personal peer-to-peer lending (P2P peer-to-peer lending) and network. Personal peer-to-peer lending refers to direct lending between individuals through the Internet platform. Direct lending on the personal peer-to-peer lending platform belongs to the category of private lending, which is regulated by laws and regulations such as the Contract Law, General Principles of the Civil Law and relevant judicial interpretations of the Supreme People's Congress.

Network refers to the Internet provided to customers by Internet companies through companies controlled by them. The network should abide by the existing company supervision regulations, give full play to the advantages of online loans, and strive to reduce the financing costs of customers. P2P loan business is supervised by China Banking Regulatory Commission.

In the traditional P2P model, the online lending platform only provides services such as information exchange and information value appraisal that are conducive to the completion of transactions, and does not substantially participate in the interest chain of lending. There is a direct creditor-debtor relationship between borrowers and lenders, and the online lending platform maintains its operation by charging certain fees to borrowers and lenders.

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How long are credit reports and loan records kept?

The loan records on the credit information are kept for 5 years, the application approval records are kept for 2 years, and the bad records are only kept for 5 years.

Everyone will have their own personal credit information, and when using any credit business, the behavior caused will be directly generated in the personal credit record.

The credit information system of the central bank is constantly updated. Under normal circumstances, credit records are automatically cleared once every five years. After five years of borrowing, the loan record on the credit information will automatically disappear. However, if there is a record of non-performing loans on the credit report and it is not returned, the record will remain in the personal credit report.

How long will the credit history be erased?

First of all, the retention period of bad credit records of bank loan defaults is 5 years.

According to the Regulations on the Administration of Credit Information Industry, the retention period of personal bad information by credit information agencies is 5 years from the date of termination of bad behavior or incident. All card-issuing banks are required to upload customers' consumption and repayment records on a regular basis and cannot tamper with them. The bank does not make any bad reviews, but only gives truthful feedback. Bad records will not be discovered by other banks after paying off the principal and interest and liquidated damages for more than 5 years.

Although it will be eliminated automatically in five years, many people will think that five years is too long and the day lily is cold. In fact, when approving loans, banks focus on the credit records of the past two years. Therefore, as long as you get into the habit of paying back on time, keep a good record, and don't create new bad records after paying off the debts, the chances of success are still quite high.

Secondly, the retention period of overdue bad credit records of credit cards is 2 years.

Credit card repayment information will be recorded by the central bank's credit information system for 24 months, terminated by the card, and the corresponding records will not scroll, but will be kept for a long time. Therefore, it is recommended that credit card users continue to use their cards for two years after paying off their debts. During this period, they can maintain good credit and delete bad records from the credit information system by rolling records.

Here we need to distinguish between overdue and bad debts. Credit cards have overdue bad records, so we need to continue to use them after paying off the debts. Never cancel the cards and cover the bad records with new good records. However, if there are bad debts, cancel the credit card immediately after paying off the debts, otherwise the bad debt record will always exist.

The handling of online loan credit records is very "humanized"

Compared with traditional banks, online loan credit information is much more humanized, and its implementation will not be as strict as that of the People's Bank of China. It takes a certain period for the lending institution to upload the overdue records to the bank, giving the borrower more repayment time, provided that you have not caused the bad situation of malicious overdue.

In other words, there will be a certain grace period for unintentional overdue caused by temporary negligence. However, we still need to pay attention to protecting our credit records.

If loans overdue, how to eliminate bad records?

(1) Take the initiative to find a lender to explain the reasons, pay off the money and overdue fees, and 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.

Both methods are based on short-term default. If the overdue information has been uploaded to the PBOC credit information system for too long, then pay off the debt and the system will automatically eliminate it after 5 years.

How long will the loan record on the credit information be cleared?

1 and records that can be eliminated within two years include: Under normal circumstances, the People's Bank of China will keep credit records within two years, and will not keep bad records such as non-malicious, small amount and short-term overdue. If this is the case with you, you can rewrite the record of 2 years ago after 24 months of normal, good and continuous use.

2. Records that can be eliminated in five years include: bad credit records can only be eliminated in five years, including malicious overdrafts, records with large amount and bad nature, and these records will be kept in the People's Bank of China.

What needs to be explained here is that the starting point for calculating the extinction time, whether it is 2 years or 5 years, is calculated from the month when the arrears are paid off, not from the day when you are overdue.

So much for the introduction of keeping loan records for several years.