Credit cards appear, bad debts are paid off, and accounts can help you with loans five years later.
If your credit card has affected your credit, it will disappear automatically after five years.
Can I apply for a loan with proof of bad debt settlement?
If there are bad debts, the borrower will leave a record of bad debts on the credit information and cannot apply for a bank loan. If the borrower handles the bad debts and has a certificate of settlement of the bad debts, he can apply for a loan in the bank. However, whether the loan can be approved depends on the final approval result. Users are advised to handle bad debts for a period of time before lending. If the credit information has not been repaired, the chances of passing it will not be very high.
There are two reasons for bad debts of credit cards, one is general bad debts, and the other is overpayment of bad debts.
1, general bad debt: that is, the overdraft amount of the user's credit card has not been repaid, and bad debts will be formed after a long time.
2. Premium bad debt: refers to the long-term idleness of the user's credit card, but the amount repaid by the user is higher than the amount that should have been repaid. For example, users owe a bank credit card 8999 yuan, and the repayment is 9000 yuan. If they don't pay one yuan more for a long time, they will have bad debts.
The following circumstances can be identified as bad debts:
1. Creditor's rights that cannot be recovered after the borrower and guarantor are declared bankrupt, closed, dissolved or revoked according to law, and the legal person qualification is terminated;
2. If the borrower dies or is declared missing, and the creditor's rights cannot be recovered according to the General Principles of Civil Law of People's Republic of China (PRC) and the General Principles of Civil Law of People's Republic of China (PRC), the financial enterprise shall pay off his property or inheritance according to law and claim compensation from the guarantor;
3, according to the provisions of national laws and regulations have the right to invest in foreign financial enterprises, due to the investment enterprises declared bankruptcy, closure, dissolution or revocation, and termination of legal personality, financial enterprises after liquidation and recovery of shares is still unable to recover.
There is no bad debt in the credit investigation. Can I borrow it online?
Of course. Bad debts in credit reports cannot be eliminated by paying off debts. Because many bad debts are overdue for a long time, the process of dealing with bad debts needs two steps. One is that paying off bad debts becomes overdue, and the other is that it is overdue for five years to eliminate bad credit information. Therefore, if you see that the bad debts are overdue after being paid off, it means that you have the opportunity to resume credit investigation. As long as you wait five years, there will be no overdue behavior. If the credit report still shows bad debts, you must contact the credit reporting agency in time to change the bad debts into overdue ones, otherwise the bad records will be kept for life. After the bad debts are handled, the credit information shows overdue, and there is also a chance to apply for a loan. Banks will not be across the board. It is recommended to choose a bank with a low threshold.