"Lian San" is terrible, and "Tired Six" has hope:

In banks and other lending institutions, there is a term called "three consecutive years make six tired", in which "three consecutive years" is more serious than "six tired". If the lender fails to repay the loan for three consecutive months, it can basically be judged as maliciously owing money. For the lender who has the problem of "three consecutive years", the bank can take measures such as refusing the loan, reducing the loan ratio and raising the loan interest rate according to the time and amount of the loan.

For lenders with "six-year" problems, most banks will further investigate their previous specific situation in loans overdue. For example, some banks will ask them to provide the certificate issued by the original lending bank, so that the bank can give a judgment, that is, whether the lender's overdue behavior is "malicious" or "negligent".

Bad credit records will not be pursued for life;

There is no uniform standard for banks to deal with overdue records in personal credit report. The bank will comprehensively review the income, stability, occupation, industry and credit status of the loan applicant, so the final review results given by the bank will be different for different partners with similar overdue conditions.

Bad credit records will not be pursued for life. From the date when the borrower pays off all debts, it will automatically disappear from the credit report after 5 years with the passage of time.