Before 2013, China's credit bad record is permanently saved, there is no so-called 5 years to eliminate, in 2013 after the revision of the "credit industry management regulations" for the first time made clear: credit institutions of the individual bad information retention period of 5 years; the reality is that many people therefore mistakenly believe that is the generation of bad credit record, more than 5 years the system will automatically eliminate bad, for example, this year July 17, 2021, your loan appeared late and reflected in the credit report, 5 years later that is July 17, 2026, this record will naturally disappear, in fact, this understanding is wrong.

According to Article 16 of the Regulations on the Administration of the Credit Collection Industry promulgated by the state, the retention period of the credit collection agency for personal bad information is five years from the date of termination of the bad behavior or event, and should be deleted if it exceeds five years. That is to say, the premise of the five-year period is that your bad loan has been settled, for example, your loan was overdue on July 17, 2021, and the overdue loan was all returned and settled on December 1, 2021, then from December 1, 2021 onwards, push back 5 years, that is, on December 1, 2026, you will not see this bad credit record on your personal credit report. If your bad loan is not closed, then this bad credit record is there on your personal credit report forever.

Speaking of which, by the way, a variety of so-called help on the Internet to clear the bad credit record are fraudulent, the credit system of bad record modification authority only in the central bank, and the central bank for the modification of the strict authority, the commercial banks to submit a report (stamped) - the central bank grass-roots staff review --The central bank supervisors approval - system administrators to modify, so the network of all kinds of so-called charges to help modify is a liar.