Hello, if the user settles the debt and is not overdue, it usually takes about 2 months for the credit report to show the settlement. After the user pays off the debt, he or she can ask the financial online loan company to issue a settlement certificate. After the loan is settled, it will take one to two months for it to be reflected in the credit report. During this period, users need to ensure that they have no other overdue debts. So just wait for a while. It should be settled after a month or two.

The bank reports the credit reporting data to the credit reporting center in T+1 format, that is, the business data of the previous day is reported the next day, and the credit reporting center loads the messages into the database to update the personal credit reporting report. It usually takes about 15 days (maybe longer), so the credit report data you see currently has not been updated yet. This is a delay, but it will not affect it.

After the online loan is settled, except for the overdue records and inquiry records that will be eliminated after a certain period of time, the normal loan records will not disappear.

1. Loan records

After successfully applying for an online loan, if the online loan platform is connected to the central bank’s credit reporting system, the relevant information will be reported to the central bank’s credit reporting system and will also be displayed on the borrower’s personal credit reporting Basic loan information such as loan processing time, name of the lending institution, loan type, loan amount, etc. This information is a positive record and will always be retained regardless of whether the loan is settled or not.

2. Query records

When applying for an online loan with a credit report, the lending institution will check the credit report in the name of loan approval. A hard query record will be left for each query. If the number of checks is too many, Then there will be a corresponding hard inquiry, which is a bad credit record, and this type of credit inquiry record will only be kept for 2 years.

3. Overdue records

Overdue records generated due to non-timely repayment will be retained for 5 years after the loan is paid off before being automatically eliminated. Therefore, if you settle the online loan immediately after it is overdue, you have to push it back 5 years from the date of settlement before you will not see the overdue record.