The updated time in the credit report. In the "Record of Monthly Repayment Status of Credit Card/Loan in the Last 24 Months" table, there is an item named "Settlement Year", which reflects the update time in the credit report and is the reference time of repayment status in the last 24 months. The credit report shows the detailed transaction information pushed forward 24 months from the settlement year. The simple and popular understanding of loan is to borrow money with interest. Loan is a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must return them.