The People's Bank of China stipulates that all card-issuing banks are required to upload their customers' consumption and repayment records on a regular basis, which cannot be tampered with. The bank will not make any adverse comments on your usage record, but will only give you honest feedback on your history of usage
Record without any subjective judgment. If you take out a loan, the lender will look at your credit history as a whole, not just for a certain period of time, and will continue to increase your creditworthiness if you keep up a good spending and repayment record.
Credit card repayment information will be recorded by the central bank's credit system on a rolling basis for 24 months, which means that the bad credit record generated by late credit card payments will be kept in the credit system for two years. If the card is terminated, the corresponding record will no longer be rolling
But will be kept for a long time. Therefore, it is better not to cancel the credit card immediately after paying off the outstanding amount, but to insist on using the card for more than two years and keep good credit during the period, so that the bad record can be removed from the credit system by
rolling the record.
The Regulations on the Administration of the Credit Collection Industry stipulate that the retention period of the credit collection agency's bad information on individuals shall be five years from the date of termination of the bad behavior or event; and if it is more than five years, it shall be deleted.