Content: There are bad records in personal credit reports. Can they be eliminated? sure. But not all bad credit history can be eliminated. Did you know there are seven types of bad credit history you can eliminate?

Many people believe that once credit information is obtained, it cannot be changed. In fact, they can apply to cancel some bad records on their personal credit reports. However, there must be clear reasons for canceling these applications. These reasons cannot be due to carelessness, carelessness, lack of money, insufficient payment, etc. These reasons do not eliminate a person's bad credit history.

So, what are the objective reasons for applying to eliminate bad records in personal credit reports? Did you know that the following seven situations can eliminate your personal bad credit record? Do you know what the situation is like?

1. Someone took out a loan in your name, causing you to have a bad record: The bad record caused by the overdue loan under a pseudonym without my knowledge. If it is an obvious fraud, you can apply for cancellation.

Zhang Yinfeng, a farmer in Yuzhou, Henan, discovered that he had received a false loan of 200,000 yuan from the Yuzhou Rural Credit Cooperative for seven years.

If you find that your bad credit record is caused by an imposter loan, you can eliminate the bad record through a court judgment or negotiation with the lending bank.

2. Someone fraudulently uses your name to apply for a credit card, and there is an overdue debt: Someone fraudulently uses a credit card that is overdue and has a bad credit record. If you confirm that it is not the person who applied for it, you can apply for cancellation.

Someone else used your information to apply for a credit card in someone else’s name. There was an overdraft and no repayment. For you, you have a bad credit history due to credit card defaults.

Finally, if the relevant institution confirms that it is not handled by itself, the relevant information in the personal credit report can be eliminated.

Third, there is a problem with the bank or clearing system, and repayment fails, resulting in bad records: non-repayment behavior caused by the bank clearing system and third-party clearing system leads to overdue repayment, and finally the credit reporting system can be eliminated related data records.

You paid back the money, but the money still hasn’t been paid back. The system shows that you are overdue, resulting in poor credit information.

In May this year, some customers received text messages from Minsheng Bank about overdue loans, but many people did not actually get loans from Minsheng Bank. Finally, Xiaomi Finance issued an announcement saying that due to an abnormality in the docking system with Minsheng Bank, the repayment information of a small number of Xiaomi loan users was not updated in a timely manner. Xiaomi Finance and Minsheng Bank discovered and solved the problem as soon as possible. At present, they have developed a solution to this problem: solve the problem for users as soon as possible and update the correct information based on the actual repayment situation within 30 days.

There are three problems here: First, Xiaomi Finance’s loans are actually loans from Minsheng Bank; second, Xiaomi Finance failed to repay loan customers to Minsheng Bank in time due to problems with the docking system with Minsheng Bank. , causing loan customers to be overdue; third, Xiaomi Finance and Minsheng Bank will eliminate bad information within 30 days based on the actual situation.

Therefore, whether it is a banking system failure or a clearing system failure, if a credit card holder fails to repay in time, he or she can contact the credit card center or the relevant bank to eliminate the personal bad credit record.

Some overdue records caused by annual fees and annual fee adjustments: Some credit card holders are in arrears without intentional intention or even malicious intent. If this situation is due to insufficient understanding of credit card rules or incorrect transmission of bank information, you can apply to the bank for cancellation.

Some credit card debts, especially some overdue balances, are not entirely due to the credit card holders themselves, or even to a certain extent due to incorrect information transmission by the bank. You can apply to the bank to eliminate the bad records that have been caused. For example, some people's credit card overdue is due to annual fees, credit card annual fee adjustments, or interest and late fees. Credit card holders are unaware of the annual fee, the difference in fees due to annual fee adjustments, and the resulting fines and late fees. After receiving the notice from the bank, the credit card holder can take the initiative to pay off the balance in full. In this case, the credit card holder can apply to the bank to eliminate the bad record.

Fifth, the bank did not inform the fee adjustment, resulting in some overdue debts: the credit card holder was not aware of the bank fee adjustment, and the bank failed to fulfill its notification obligation, which ultimately led to the credit card holder's credit being overdue. You can apply for Eliminate bad credit history.

Some credit cards will incur some fees. In particular, the credit card holder must be notified in advance of some fee increases and adjustments to the charge amount. However, in reality, due to various reasons, credit card holders were not notified in a timely manner of increases in bank credit card charging standards, and credit card holders were not notified in a timely manner of adjustments in some charging standards, including not receiving bills sent by banks in a timely manner. , and I have not received emails, text messages, paper notifications, etc. from bank credit cards. Therefore, you can apply for cancellation of a credit card with a bad credit record.

Sixth, there is a small amount of arrears in repayment: some small arrears were not repaid in time. If it is within a certain limit (within the bank's credit card capacity standard), you can apply to the bank's credit card center to eliminate your bad credit record.

As we all know, under normal circumstances, credit cards have a certain limit. The so-called tolerance means that if there is overdue repayment within a certain amount, the bank will not check the credit card's credit. Currently, Bank of China’s tolerance is 1% of the bill amount, Agricultural Bank’s tolerance is 100 yuan for regular cards and 200 yuan for platinum cards, Everbright Bank’s tolerance is up to 100 yuan or 20 US dollars, and Shanghai Pudong Development Bank’s tolerance is 10 yuan or 2 US dollars, the maximum tolerance of Bank of Communications, China Merchants Bank, China Guangfa Bank and Shanghai Pudong Development Bank is 2 yuan.

Overdues that originally occurred within this amount can be understood as bona fide overdues, or as unintentional unpaid debts due to small amounts, and do not require a credit check. However, credit card holders can apply to eliminate personal bad credit records caused by reporting credit information due to various reasons or the bank's failure to eliminate it.

Seventh, credit information is recorded on the debt record that occurs within the credit card tolerance period: credit card holders can apply to the bank to eliminate the bad credit record formed when the credit card is overdue within the tolerance period.

Generally speaking, banks will have a certain time limit for credit card repayments. In principle, it is considered that the failure to repay the debt in time within this period is in good faith, but objectively it is caused by various reasons, or the overdue debt caused within this period is given to the repayer.

Failure to report to the credit report will not result in a bad credit record.

The current situation is that Bank of China's ordinary card has a waiting period of 3 natural days, and its Platinum card has a waiting period of 9 natural days. CCB and CITIC have a waiting period of 3 natural days, but you need to call directly. For application, the Agricultural Bank of China's waiting period is 2 natural days, and the waiting period of Bank of Communications, China Merchants Bank, Guangfa, Industrial Bank, Minsheng, China Everbright, Shanghai Pudong Development Bank and other banks is 3 natural days.

If within the time limit, your credit card debt has been reported to the personal credit reporting system and a personal bad credit record has been formed, the credit card holder can apply to the bank for a review of the personal bad credit record. eliminate. Related Q&A: How to eliminate overdue credit reports? There is a way to eliminate it, that is, when there is force majeure such as a natural disaster, we can apply for a credit objection from a commercial bank and provide information on how our income has been affected. If the bank agrees to cancel it, then the record can be eliminated. Except for this type of situation, we need to wait 5 years before the overdue records will be revoked.