Can the bank s overdue records be expunged?

After paying back all the overdue debts, you can carefully maintain your credit and automatically delete the bad records after 5 years.

According to the "Regulations on the Administration of the Credit Reporting Industry", the retention period for credit reporting establishments of negative personal information is 5 years from the date on which the negative conduct or incident is terminated; Where it is more than 5 years old, it shall be deleted.

As long as good credit behavior is maintained within 5 years, the bad information will disappear after 5 years. For example, if the credit card expires and is fully paid off on August 1, the record will be deleted after 5 years from August 1.

The "Regulations on the Administration of the Credit Reporting Industry" provides: The retention period for credit reporting establishments of negative personal information is 5 years from the date on which the negative conduct or incident is terminated; Where it is more than 5 years old, it shall be deleted. When you handle a new business, the relevant departments will generally give priority to recent consumption and repayment records.

The People's Bank of China stipulates that all card-issuing banks are required to upload customers' consumption and repayment records on a regular basis and cannot be tampered with. If you apply for a loan credit card business in China Merchants Bank, our bank will not make any bad evaluation of your usage records, but will only give you truthful feedback on your historical usage records without any subjective judgment. If there is already a bad credit report and there is no doubt about the record, it can only be a follow-up guarantee of good repayment habits.

Can credit information eliminate bad records.

Overdue records can be eliminated as follows:

1. Non-malicious arrears.

Some people have not noticed some expenses, such as annual fees, late fees, service fees, etc., or are overdue due to unemployment, serious illness, going abroad, etc.; There are also some people who are sloppy and return the money to other credit cards, causing them to be overdue.

In this case, the most important thing is to repay the overdue first, and then negotiate with the bank to complain that the arrears are not malicious arrears, and ask the bank to coordinate to eliminate the bad overdue records.

2. Bank negligence.

Some overdues are caused by bank negligence, such as the failure to inform the cardholder of the adjustment of the annual fee of the credit card, or the inability to deduct the payment due to a system upgrade at a certain point in time, and the overdue caused by these circumstances can also be eliminated.

All of the above situations are the fault of the bank, which can be appealed to the bank to eliminate the bad credit card record.

3. The credit card bill has not been received.

If the cardholder does not receive the bank bill in time, including paper bills, electronic bills, etc., in this case, as long as the cardholder appeals on the grounds of not receiving the bill, and asks to eliminate the bad bill, the bank will basically accept it.

4. Small arrears have not been repaid.

Most people may pay the money in whole amounts, but be aware that there may be fractions of the repayments due, and if these fractions are not repaid, they may also cause them to be overdue.

Most banks will have a tolerance, that is, if your outstanding part is less than 10 yuan (different banks have different regulations), the bank will not count it as overdue, if it is recorded badly, you can negotiate with the bank to ask for it.

5. Information theft.

Nowadays, information theft occurs from time to time, and incidents of fraudulently using other people's information to apply for loans or credit cards have occurred repeatedly.

This situation should be overdue caused by the bank's lax review, you can go to the local People's Bank of China to file an objection application, generally within 15 working days, you can receive a reply, and the bad overdue will be eliminated immediately.

Legal basis] Article 671 of the Civil Code, if the lender fails to provide the loan on the agreed date and amount, causing losses to the borrower, it shall compensate for the losses.

If the borrower fails to collect the loan on the agreed date and amount, it shall pay interest on the agreed date and amount.

1. Can overdue records be erased?

1. Overdue records can be eliminated. Once the overdue is uploaded to the credit report, the overdue amount needs to be paid off, and the overdue record will be automatically eliminated after 5 years from the date of repayment. If the overdue has not been processed, then the overdue record will be kept on the credit report, and the bad debt record may be formed after a long time, which is a very serious stain on the credit report, which will have a very serious impact on the user's credit.

2. Legal basis: Article 16 of the "Regulations on the Administration of the Credit Reporting Industry".

Article 22.

Credit reporting establishments shall establish, complete, and strictly enforce rules and regulations for ensuring information security in accordance with the provisions of the departments for the oversight and management of the credit reporting industry, and employ effective technical measures to ensure information security.

Credit reporting establishments operating personal credit reporting operations shall make clear provisions on the authority and procedures for their staff's inquiries into personal information, register their staff's inquiries into personal information, and truthfully record the names of the staff making inquiries, the time, content, and purpose of the inquiries. Staff members shall not inquire about information in violation of the prescribed authority and procedures, and shall not divulge information obtained in the course of work.

II. What are the consequences of a negative personal credit record?

The consequences of a bad personal credit record are as follows:

1. If there is a bad credit record, it will affect the loan;

2. Affect travel, unable to take planes, trains, etc.;

3. In addition to having an impact on oneself, the bad credit record that affects the family also has a certain impact on the family.

Overdue records can be expunged. Overdue records only show the last 24 months, and it is difficult to find past records. Therefore, do not cancel the card after a bad record, or ignore the bank reminder card.

As long as the cardholder spends at least 1 yuan per month for the next 24 months and repays the loan on time, the previous bad record can be overwritten, and the good record can be regenerated without affecting the subsequent credit. As long as the bad record is not uploaded to the system, which is usually 90 days, the cardholder proactively contacts the card issuing bank to explain the reason and take appropriate remedial measures, and the bank will usually help the customer to eliminate the bad credit record. The People's Bank of China generally only keeps an individual's credit record for seven years.

Therefore, as long as the cardholder does not have any bad record within 7 years after the bad record is generated. Then the People's Bank of China will also automatically remove the cardholder's bad record.

Regulations on the Administration of the Credit Reporting Industry" Article 16: The period for credit reporting establishments to store negative personal information is 5 years from the date on which the negative conduct or incident is terminated; Where it is more than 5 years old, it shall be deleted. During the period for storing negative information, the information subject may make an explanation of the negative information, and the credit reporting establishments shall record it.

What happens if overdue records are not repaired.

If the overdue record is not repaired, it will affect other loans, and the bank attaches great importance to personal credit when reviewing the borrower's information, and people with credit problems cannot apply for loans in banks, microfinance companies and other financial institutions. Not only did it become vain to take out a loan to start a business and capital turnover, but even applying for a housing loan and car loan would be rejected; 2. Work is affected, and now many work units have begun to review the personal credit information of employees, and many employers have gradually included credit evaluation into the scope of recruitment conditions when recruiting blue-collar employees.

Those who are on the credit blacklist cannot join the party, cannot take the civil service examination, cannot engage in specific industries or projects, cannot obtain ** support or subsidies, and have no qualifications for specific positions; 3. If travel is blocked, if you accidentally get on the credit blacklist, travel will also be affected to a certain extent, and personal vehicles may also be temporarily detained at the toll station in and out of the expressway. You can't buy plane tickets, you can't buy soft sleepers on trains and second-class cabins on ships, you can't take first-class seats on high-speed trains and bullet trains, you can't buy private cars, and all of them are blocked by land, water, air, and high-speed travel.