Many people pay off their online loans want to understand how long their credit record to return to normal, now around the credit and online loans related issues to do the following four aspects:

A, how long after the online loan is paid off to restore credit?

After the online loan is paid off it will update the lender's online loan big data and will not immediately cover the lender's credit record. Online loan records are typically updated once every few months, more frequently than credit.

(1) The bad credit record generated by the overdue online loan, if the overdue is paid off, then after 5 years from the date of repayment, the bad credit record will be carried out to automatically eliminate;

(2) If the overdue has not been repaid, then the overdue record will be retained in the credit record;

(3) If the online loan is not overdue, then the handling of the record of the online loan will be automatically cleared 5 years after the user has closed the online loan.

4) In comparison to credit, online big data is faster to recover. Online loan records are restored as soon as noon the day after they are paid off, and are usually updated once every few months. The retention period of personal information by credit bureaus is generally five years after the lender pays off the loan, and the information is automatically erased after five years; compared to credit, the recovery speed of online big data is faster. Online loan records are restored as soon as noon the day after the loan is paid off, and are generally updated once every few months. How long does it take for credit to be restored depends on the length of time it takes for the lending company to submit the data. As soon as the first repayment is made, you can see the online credit score refreshed the next day.

Legal basis: Article 16 of the Regulations on the Administration of the Credit Collection Industry, the retention period of the credit collection agency of the individual's bad information, from the date of termination of the bad behavior or events for five years; more than five years, it should be deleted. Within the retention period of bad information, the subject of information may give an explanation of the bad information, and the credit collection agency shall record it.

Two, if the online loan repayment on time affect credit?

If you apply for an online loan and pay it back on time every time, it has no effect on your credit. But if the number of online loans is too many, it will lead to messy credit information, which may have an impact on future loans.

The specific impact may include:

If the number of online loans is not too many, and there is no late repayment, and at the same time, there is no record of another online loan after repaying the borrowed money, then there is not much impact on bank loans.

. If there is no record of late repayment, but the number of online loans is too many, it will also affect the bank loan approval, because too many borrowing records will lead to the bank of the borrower's financial strength to produce certain questions, thus affecting the lending.

If there is a record of late repayment, it will affect the personal credit record, which will also have a negative impact on bank loans.

Three, how long after the online loan is paid off can I apply for another loan?

Many people are concerned about how long it will take for their credit to be covered after the online loan is paid off, one of the main reasons is that they want to apply for a loan again through normal channels. From the above analysis, we can see that after the online goods pay off want to restore 100% of the previous credit, short-term is impossible, because the credit record is retained for five years, five years of your online loan records will exist on your credit. The fact that you have to pay off the loan has both long-term and short-term implications for your re-borrowing:

If you have taken out an online loan with a bank, the record will be retained by the bank for life, and will have a long-term impact on your credit rating within the bank. This time if you have the bank's credit card, then you are directly "gray", it is difficult to reapply for the bank's credit card. This is the kind of situation where online lending has a long-term effect on you.

But for most people, the concern is not the long-term impact, your relationship is more short-term, immediate refinancing, then if you stand in the re-borrowing point of view, the online loan repayment of three months or so, for the credit card has been held refinancing the impact of the very small, pay attention to the holding, that is, the online loan repayment of three months or so, your credit card in order to hold credit card's drawdown financing can then be on track.

And for applying for consumer credit, such as credit cards, consumer loans, that needs to be paid off in six months, up to two years before there is no negative impact, before you can continue to apply for a new credit card or credit.

And for asset-based loans and inclusive loans, the next month of the payoff can be, or even said to pay off, the month you hold the proof of settlement can again go to apply,such as buying a house, you in the approval of the mortgage the month before the settlement of your online loan, it will not affect the approval of the home loan, or the month after the settlement of the settlement of the settlement of the settlement of the proof of the settlement of the bank, it does not affect the approval of your loan.

Four, after the online goods pay off, the borrower still need to do what?

For many people who have paid off their online loans, many people are thinking they are done, immediately uninstall the relative software, thinking that they will never touch the damn thing again, but then realized that even if some of you pay off later, he will also repeatedly query your credit, resulting in your credit record is still spent. Therefore, after the online loan to pay off the need to do two points:

First, after the online loan to pay off the must pay attention to timely cancel the account, to avoid personal information leakage. After all, we are applying for online loans, ah, all the information platforms are retained, the first to unbind the bank card, and then call customer service, let them help cancel the account.

Secondly, be sure to issue a clearance certificate. Because the proof of closure is a proof that you are after paying off the debt, if you buy a house later, buy a car, apply for a loan product from the bank and so on, the bank will need you to provide you with a proof of repayment, so in order to avoid the legacy of your future, pay off the online loan must be timely to open the proof of closure.

Lastly, it is important to note that May 1, 2023, the implementation of the "credit information repair management measures (for trial implementation)" in the overdue loan, as long as the loan can be quickly restored to the provisions of the legal person and the illegal organizations and enterprises, as well as individual businessmen and women, which has nothing to do with the individual. Personal online loan overdue information will still be retained for 5 years, don't be deceived by those who spend money can help you clean up the credit record of the scammers.