The advance information displayed in the credit information generally refers to the borrower's long-term overdue, the guarantee institution at the time of borrowing advances funds to compensate the loan, or the bank borrows funds to temporarily fill the arrears loophole, which is a serious credit problem. If the debtor has paid off the advance payment to the advance payment institution or bank, he can generally ask the advance payment institution or bank to issue a certificate that the debt has been paid off, and then the borrower can provide a certificate to contact the credit information agency to consult about the cancellation of the advance payment record. Cancelling the advance does not mean that the credit returns to normal, and the advance on the credit report will become overdue. Overdue records will be kept in China People's Bank for 5 years from the date of repayment.

Extended data:

1) If the borrower fails to repay the loan within the time limit stipulated in the loan contract, it is a breach of contract and shall be liable for breach of contract. The ways to bear the liability for breach of contract include returning the loan principal, paying the interest during the loan period agreed in the contract and paying the interest of loans overdue.

Once you enter the payment, you will enter the permanent bad database, the credit will always be tainted, and the big data will also display the blacklist.

2) How to eliminate the advance information in credit information?

Credit can only be restored after the advance record is eliminated. There is only one solution, that is, find the advance payer, pay off the advance arrears, and then ask the advance payer to make a certificate that the debt has been paid off, ask the borrower to provide a certificate, and ask the credit reporting agency to cancel the advance record.

It should be noted here that the cancellation of advances does not mean that the credit report will return to normal, but that the advances on the credit report will become overdue. From the date of repayment, overdue records will be officially eliminated after 5 years. Credit information has returned to normal, which has no impact on everyone's bank credit business.

The above is the related introduction of "How to eliminate the advance information in credit reporting", hoping to help everyone. In short, the progress of credit report is also a serious breach of contract. We must not sit idly by and eliminate the advance payment record as soon as possible, and the time to restore credit will be shorter.