Credit records can be eliminated in a few years, and credit records can be eliminated in a few years

A few years of credit reporting can erase records.

Credit records are not erased, credit records are kept forever, they will not be erased but will be overwritten. It's just that the general credit report only shows records within 5 years, and more than 5 years will be overwritten.

Extended information: 1. With the withdrawal of online loan platforms and many people know the dangers of advanced consumption, the value of personal credit is gradually reflected. When friends go to the bank to make a loan, they usually hear that they need to check the applicant's personal credit information, and then review whether they meet the requirements before approving the loan.

1. The central bank inquires about personal credit reports.

First of all, you need to bring your ID card and check your credit status in the bank. Second, you can make an online inquiry at the People's Bank of China Credit Information Center. You can also go to the designated local location for inquiries.

2. Check personal credit report online.

If you have overdue records online or loan records on multiple platforms, then your various records will be controlled by big data, and your credit application will be frequently rejected, and even your Huabei loan will be closed. If your big data has an abnormal network black, you can enter and view on WeChat: Xin Xiaojin to obtain your own big data and credit status, and you can also obtain various indicator data such as:

Blacklist situation, online loan application records, application platform type, whether it is overdue, long loans, whether there are arbitration cases, and other important data information.

Second, the credit flower. Credit information flower is literally understood as credit spent, such as too many credit records and the number of credit application inquiries, both of which will cost your credit information. Credit information flower is a folk term, the official version is not this statement, the official statement is excellent, average, and bad.

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Legal analysis: Bad personal credit records can be eliminated after 5 years, but the premise is that the individual can repay the loan on time and in full for 5 years. If we don't have any bad records during the use of our credit card, then the personal credit history you view will only show the data of the last two years.

However, if you have a bad record, such as overdue, then this bad record will continue to show on your credit information for 5 years, whether you close your account or later repay the arrears, it will not be eliminated after 5 years.

Legal basis: "Regulations of the People's Republic of China 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.

Five years. It can only be eliminated after five years after the credit investigation is submitted.

Credit Records. Before 2013, China's bad credit records were permanently preserved, and there was no so-called 5-year elimination, and the 2013 revised "Regulations on the Administration of the Credit Reporting Industry" clarified for the first time that the retention period of credit reporting agencies for personal bad information was 5 years.

Provisions on credit reporting records.

In accordance with Article 16 of the "Regulations on the Administration of the Credit Reporting Industry" promulgated by the state, the retention period of negative personal information by credit reporting establishments is 5 years from the date on which the negative conduct or incident is terminated, and where it exceeds 5 years, it shall be deleted. In other words, the premise of the five-year term is that your non-performing loan has been settled.

Credit Reporting. Credit reporting is a professional and independent third-party agency that establishes credit files for individuals or enterprises, and provides a platform for credit information sharing for professional credit institutions. Credit information records the past credit behavior of an individual, which will affect the individual's future economic activities, and these behaviors are reflected in the personal credit report, which is often referred to as "credit history".

Credit Reporting Benefits. A lot of the information that the bank needs to know is in your credit report, so you don't have to spend as much time researching and verifying the authenticity of the information you fill in on the loan application form. Therefore, the first benefit of credit investigation is to save you time and help you get borrowings more quickly.

It can only be eliminated after five years after the credit investigation is submitted.

Credit Records. Before 2013, China's bad credit records were permanently preserved, and there was no so-called 5-year elimination, and the 2013 revised "Regulations on the Administration of the Credit Reporting Industry" clarified for the first time that the retention period of credit reporting agencies for personal negative information was 5 years.

Provisions on credit reporting records.

In accordance with article 16 of the "Regulations on the Administration of the Credit Reporting Industry" promulgated by the state, 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, and where it exceeds 5 years, it shall be deleted. In other words, the five-year term of the non-performing loan is provided that the non-performing loan has been settled.

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A person's bad credit record can be eliminated after 5 years, but the premise is that the individual can repay the loan on time and in full for 5 years.

1. Overdue records on credit reporting. The overdue credit record shall be calculated from the date when the overdue arrears and penalty interest are fully settled, and will be automatically eliminated after five years. If the user's overdue arrears are not settled, then the overdue record will always be kept on the credit record, and it may become a bad debt in time, if it becomes a bad debt, then the user needs to contact the lending institution to change the bad debt to an overdue record after paying off the bad debt, and it will be automatically eliminated after five years.

2. Inquiry records on credit reporting. Credit inquiry records (such as loan approval inquiry, post-loan management inquiry, personal inquiry, guarantee qualification inquiry, and pre-guarantee inquiry when purchasing high-value property insurance) will only be retained in the credit investigation for two years, so when the user's credit is spent, then the credit investigation for a period of time can be restored after the credit inquiry record is deleted.

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

Where it is more than 5 years old, it shall be deleted.