What is a bad credit record?

Credit stains are also called bad credit records. It belongs to the aging category of personal credit records. After a bank customer applies for a loan, due to some reasons, the repayment is overdue, which is a credit stain. Different banks have different standards for approving personal credit records. As time changes, consumers' economic conditions and repayment situations will also change. Banks will not always pay attention to consumers' early bad credit records. On November 2, 2012, the central bank confirmed that a new version of the personal credit report has been launched. Overdue credit cards and loans before October 2009 will no longer be displayed, and overdue records will be retained for 5 years after that, which is equivalent to citizens’ overdue records. Negative records will no longer accompany you for life. If you can repay your loan in full and on time for five consecutive years, your credit will be clean.

I had a bad credit record before and now I also have a bad credit record

Yes, as long as you have a bad credit record, it will be displayed by any bank, so it is difficult to remove this record. Yeah, it’s very difficult to get a loan. I hope you can adopt it.

It means that a credit card or loan has been overdue. It will cost you even a dime a day. Show, don’t have any.

What is a bad credit card record?

You can directly find someone who specializes in eliminating it to help you! It doesn’t matter if it’s faster this way! ,,

Bad credit card record. Previously, the Legislative Affairs Office of the State Council issued the "Credit Information Management Regulations (Draft for Comments)", which mentioned for the first time the issue of the retention period of negative records: credit reporting agencies are not allowed to disclose or use bad credit behavior or individuals who have had bad credit behavior for more than 5 years from the date of termination of the incident. Bad credit record, and personal criminal record for more than 7 years from the date of completion of the sentence. To inquire about bad credit card records, you need to go to the local credit reporting department of the People's Bank of China. Don't worry about the problem, it will be updated every five years. The retention period for bad credit card records is calculated from the date the loan is repaid and will be retained for a certain period. But there was really no definite statement before. Therefore, negative information has been stored from the time the database was established to the present. The general international practice is to retain it for 7 years. For credit card overdue records, if you print a credit report, only the repayment information for the past two years will be displayed. According to the practice in the United States, general negative information is retained for 7 years, and bankrupt, particularly serious and obviously malicious negative credit card records are retained for 10 years. After the retention period, bad credit card records will be deleted from personal credit reports. Bankers said that this regulation is similar to international practice and is more practical. If the retention period is too short, it will not be enough to serve as a good warning for breach of trust, but it will be too severe for those breaches of trust that are not caused by subjective will. Loans with bad credit card records are difficult to obtain, and cases of being unable to borrow from banks due to bad records occur frequently.

The so-called bad credit card record refers to the improper use of credit cards and failure to repay the amount in time, resulting in a bad record in the personal credit report of the People's Bank of China. The professional term is personal credit investigation, not the so-called black account.

When a credit card is used for consumption, the credit card will generate a loan repayment record, and a consumption record will be sent to the user after a few working days. The letter contains the minimum loan payment amount and the latest payment date. The minimum loan payment amount is not the entire amount of your credit card purchases. The latest repayment time is generally twenty days after the card payment is made. Therefore, as long as the cardholder's loan repayment amount does not reach the minimum loan repayment amount within twenty days, a bad record will be generated.

Bad credit record problem?

1. Regarding bad credit problems caused by overdue student loans.

First, after signing a student loan contract with a bank, when you obtain a bank loan, you must also bear the obligation to repay various debts under the loan contract to the bank as stipulated in the loan contract. The ultimate responsibility for the performance of this obligation is you. The performance of this obligation is not premised on bank notification, nor will it be exempted or extended because the borrower continues to study for graduate school (unless the borrower applies for a loan extension while studying for graduate school)

Second, if you strictly follow the installment loan contract and one or more overdue payments occur during the loan repayment period, even if the loan is settled, it does not mean that you did not breach the contract when performing the loan contract, that is, there was no overdue payment. Repayment does not mean that the settlement of the loan will eliminate the overdue repayment record generated during the loan repayment period.

Third, the credit record generated by the ICBC credit card will not cover the credit record of the Agricultural Bank of China.

Fourth, the creator and ultimate responsible person of the personal credit record is the natural person himself. Except for cases where bad records are caused by no fault of the person, such as fake loans (bad credit records caused by fake loans can definitely be deleted, of course, this is another matter), all records in the personal credit record are It comes from a natural person's personal use of credit transactions such as loans and credit cards, and is a true and faithful record of the natural person's credit transaction activities. At this time, even if the actual repayment date is the day after the repayment date stipulated in the contract, the bank's system will record the repayment as an overdue repayment and upload it to the People's Bank of China credit system on a regular basis.

In summary, although I sympathize with the poster’s situation, the responsibility for the bad credit record problem caused by the overdue student loan should be borne by the poster, and it is impossible to submit an objection application to the People’s Bank of China in a similar way to a fake loan. Delete overdue records.

2. Regarding the validity period of bad credit records.

First, my country’s current credit reporting regulations do not stipulate the validity period of bad credit records. That is, all personal bad credit records are recorded, and the cumulative number of overdues can be queried, but only the number of overdue periods can be queried. Detailed records of loan and credit card repayments in the last 24 months. Therefore, Agricultural Bank of China's credit card repayment details still show loan records for the 24 months before February 2010.

Second, future changes: The Legislative Affairs Office of the State Council announced the "Credit Information Management Regulations (Draft for Comments)" on October 13 last year. Article 21 of the consultation draft stipulates: "Credit reporting agencies shall not disclose or use personal bad credit records that have been more than 5 years since the bad credit behavior or event was terminated, and that have been more than 7 years since the date of the execution of the criminal penalty. "This means that after the regulations take effect (this is just a draft for comments, it does not rule out that this provision will be modified, but the spirit of this provision stipulating the validity period of bad credit records should be adopted), personal bad credit behavior or Five years after the event is terminated, the bad credit record will not be inquired by banks and other institutions (nor will it continue to affect loan applications, credit card applications and other activities. Of course, it is not excluded that in the case of loan activities or credit cards that generate bad credit records The internal system of the lending bank or card-issuing bank still stores the record, which will have corresponding effects.

3. Regarding the issue of applying for a credit card.

First, the credit card was applied for under a false name. This is a common problem that occurred when banks started to carry out credit card business in the past few years, especially when they outsourced part of the credit card issuance business. If a credit card is indeed applied for under a false name, it means that the cardholder did not fill out the credit card application form. The applicant's signature on the credit card application form is not his or her signature. The person who applied for the credit card under a false name can directly sue the bank and request the bank or the People's Bank of China to delete the resulting bad credit record.

Second, regarding the issue of credit card annual fees. When applying for a credit card, cardholders should carefully check the card-issuing bank's detailed regulations on credit card annual fees, because many banks do stipulate that annual fees will be incurred even if the cardholder does not open the card. (This is indeed an overbearing and unreasonable clause). It should be noted that banks will use small gifts to attract applicants to apply for credit cards. At this time, you must not fall into the trap of the bank due to small gifts.

What are the bad credit records? What should I do if the bad credit record affects the loan?

Only after reorganizing the credit record can you get a loan. The application conditions for small loans are:

1. Must be over 18 years old. 1 year old resident of mainland China;

2. Have a stable address and work or business location;

3. Have a stable source of income;

4. No bad delinquencies Credit record, loan cannot be used for stock trading, gambling, etc.

5. Other conditions required by the bank:

1. Submit an application to a local bank or lending institution;

2. Prepare various materials required for a loan;

3. Interview with a bank or lending institution;

4 , The bank audits the lender's qualifications;

5. The audit is passed and the loan is successfully issued.