I have applied for a lot of small loans before, all of which were paid off in advance on time, and I also received the credit report. How long does it take for the credit report to eliminate the record, and will it affect the future loan to buy a house? Banks generally discriminate against small loans, and the record of small loans will have a certain impact on applying for bank loans.

However, the impact is not absolute. Under normal circumstances, banks will require customers to pay off small loans before lending. Some banks also require that loans should be repaid after three or six months.

The bad records in the credit report will be eliminated after five years, but the normal records will not be eliminated. (For example, there is a record of overdue repayment,

From the date of paying off the arrears, it will be eliminated after five years. If there is no repayment, it will not be eliminated. )

The credit report reflects your personal credit status. In the future, when handling bank loans and credit cards, banks should inquire about credit records according to your authorization. Loans and credit cards with bad credit may not be processed. Inquiring about the credit report generally means that you handle business in the bank, and the bank needs to inquire about your credit status.