When does a personal bad credit record come into effect?

Regulations on the Administration of the Credit Reporting Industry.

It is a document adopted by the 228th executive meeting of the People's Republic of China on December 26, 2012 and promulgated by Order No. 631 of the People's Republic of China on January 21, 2013. The Regulations

Sub-General Provisions, Credit Reporting Establishments, Credit Reporting Business Rules, Objections and Complaints, Basic Financial Credit Information Databases, Oversight and Management, and Legal Responsibility.

Article 47 of Chapter 8 of the Supplementary Provisions shall come into force on March 15, 2013. In accordance with the "Regulations on the Administration of the Credit Reporting Industry", the period for credit reporting establishments to retain 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. "According to the Regulations, as long as good credit behavior is maintained within five years, the bad information will disappear after five years.

For example, if a loan is due to be repaid on May 1, but it is overdue until October 1, then the record will be deleted after 5 years from October 1.

Generally, the records on the credit report will be eliminated after 5 years after they are paid off, while the online loan records in the online loan database only need 12 months to be eliminated.

If it is not overdue, it will generally not have an impact, so don't worry too much.

If you apply for an online loan for a long time, you must check your online black index score in time to prevent you from becoming an online loan blacklist without knowing it.

Just need to open: Drill down into the data.

Click on the query, enter the information to query your own Baihang credit data, the data comes from more than 2,000 online loan platforms and UnionPay centers across the country, users can query their own big data and credit situation. You can obtain various indicators, query your personal credit status, online black index score, blacklist, online loan application records, application platform type, whether it is overdue, overdue amount, credit card and online loan credit estimate and other important data information.

Legal analysis: 1. Continuous repayment of credit cards. 2. The monthly mortgage payment is overdue or non-repayment.

3. The monthly payment of the car loan is accumulated or not repaid. 4. The loan interest rate is raised, and the "monthly payment" is still paid according to the original amount, resulting in overdue interest. 5. If you do not use the "Sleep Credit Card" after activation, you will incur an annual fee, and if you do not pay, you will have a negative credit history.

6. Credit card overdraft consumption and mortgage loans are not repaid on time. 7. When providing a guarantee for a third party, the third party fails to repay the loan on time. 8. Economic disputes such as arrears will also affect credit history.

9. Water, electricity and gas bills are not paid on time. 10. Cashing out of personal credit cards. 11. Non-repayment of student loans in arrears.

12. The mobile phone deduction is linked to the bank card deduction, and the relevant procedures are not handled after the mobile phone is deactivated, and the monthly rent is overdue due to arrears. 13. Credit card arrears records are generated by fraudulent use of ID cards or copies of ID cards by others.

Legal basis: "Several Provisions of the Supreme People's Court on the Publication of Information on the List of Judgment Defaulters" Article 8: The people's courts shall notify the relevant departments, financial regulators, financial institutions, public institutions and industry associations that undertake administrative functions of the information on the Judgment Defaulters List to the relevant units in accordance with laws, regulations, and relevant provisions, in areas such as procurement, bidding and bidding, administrative approvals, support, financing and credit, market access, and qualification determinations, to give credit punishments to judgment defaulters. The people's courts shall report the information on the Judgment Defaulters List to the credit reporting establishments, and the credit reporting establishments are to record it in their credit reporting systems.

Where state employees, people's congress deputies, CPPCC members, and so forth are included in the list of judgment defaulters, the people's courts shall notify their units and relevant departments of the circumstances of the untrustworthiness. Where state organs, public institutions, state-owned enterprises, and so forth are included in the list of judgment defaulters, the people's courts shall notify the unit at the level above them, the competent department, or the institution performing the duties of an investor of the circumstances of the untrustworthiness.

Legal analysis: Bad credit history is the limitation of personal credit history, and after bank customers apply for loans, due to some reasons, the repayment is overdue, that is, credit stains.

Legal basis: "Regulations on the Administration of the Credit Reporting Industry" Article 44: The meanings of the following terms in these Regulations:

1) "Information providers" refers to units and individuals that provide information to credit reporting establishments, as well as units that provide information to the Basic Financial Credit Information Database.

2) "Information users" refers to units and individuals that obtain information from credit reporting establishments and the Basic Financial Credit Information Database.

3) "Negative information" refers to the following information that has a negative impact on the information subject's credit status: information on the information subject's failure to perform obligations in accordance with the contract in activities such as lending, purchasing on credit, guarantees, leasing, insurance, or using credit cards, information on administrative punishments for the information subject, information on the people's court's judgment or ruling on the information subject's performance of obligations and compulsory enforcement, as well as other negative information provided for by the department for the oversight and management of the credit reporting industry.

Bad credit card records recorded on personal credit reports are generally kept for at least five years. For example, credit card overdue records are kept for at least five years after the cardholder pays off the arrears before they may be deleted by the system. If the customer does not repay the credit card after it is overdue, the overdue record may remain on the credit report.

Therefore. Customers must find a way to pay off the arrears as soon as possible after their credit card is overdue, and pay attention to maintaining good credit afterward. Because only the sooner the arrears are paid off, the sooner the overdue records on the credit report are likely to be deleted by the system.

Of course, the most important thing is for customers to pay attention to repayment on time and try to avoid overdue situations. After all, after the deadline, even if the payment is repaid as soon as possible, there is already a bad record on the credit report, and personal credit will definitely be damaged. Later, when the customer goes to handle the credit business, it may also be affected due to credit problems.

If the customer does not want the credit card to be overdue, he or she should consider his or her own repayment ability when using the credit card. If you are unable to repay the loan in full and on time within the stipulated repayment period, you can choose to repay the loan in instalments or with a minimum payment.

Extended Materials. Why don't you check your personal credit indiscriminately?

To put it simply, personal credit is mainly a tool for consumer credit institutions to provide personal credit analysis products, on the one hand, to prevent financial risks, to maintain financial stability, on the other hand, to promote the establishment of a social credit system. However, you must not check personal credit indiscriminately, mainly for the following reasons:

1. Generally, it is necessary to check the credit information that the user will inquire about the credit card and loan, and the number of inquiries is too much, and the bank may not grant credit when applying for credit loans such as housing loans or car loans in the future.

2. Personal credit is always queried, which will give the lending institution a feeling that the user is very short of money, so this signal will also be taken into account when reviewing.

3. Personal credit has the opportunity to inquire for free 3 times a year, if the number of inquiries is too much, the credit will be spent, and the cost will be increased.

All in all, for individuals, it is recommended that you make reasonable use of the opportunity to make reasonable use of the opportunity to inquire for free every year, such as one inquiry in the first half of the year and the second half of the year, so that you can find out what abnormalities you report in time.

Bad credit records have always been kept for 5 years, but the repayment records of the old credit information system will only show those within 2 years, and those that are more than 2 years will not be displayed, so it is not wrong to keep them for 2 years and eliminate them.

Taking a credit card as an example, if you continue to use the credit card after the overdue repayment, then the new credit history generated within 2 years of using the card will cover the overdue record, and then it will not be able to be checked on the credit information system, which is equivalent to elimination.

However, after the new version of the credit information system was launched, the situation was different. Compared with the old version of the credit information system, the repayment records and overdue records of the new version of the credit information system are kept uniformly for 5 years.

1. Overdue records due to failure to repay on time due to credit card overdraft consumption;

2. The mortgage loan is not repaid on time and the overdue record is generated;

3. After the interest rate of mortgage loans, consumer loans and other loans is raised, the arrears of interest caused by the payment of "monthly payment" according to the original amount are overdue;

4. When providing a guarantee for a third party, the third party fails to repay the loan on time;

5. The mobile phone number is deactivated, and the relevant procedures are not handled, and the overdue due to the arrears of monthly rent will also cause bad records;

6. Credit card arrears records are fraudulently used by others to produce ID cards or copies of ID cards;

7. Overdue payment of water and electricity bills or arrears of late fees, etc.

1. What should I do if my bad credit record affects Yinhui Loan?

The bank requires the borrower's bad credit record to be 3 times in a row, and a total of 6 times. If you have a bad credit history, the bank will not accept the loan application, even if you have a guarantor. Therefore, at this time, the loan applicant should "raise" his credit history before taking out a loan, if he is really lacking funds, he can choose to apply for a loan from a small loan finance company, but the interest rate of the loan will be a little higher.

Credit records are usually retained for five years, so once you have a bad credit history, you should first try to pay off the overdue money and avoid new overdues, after a period of time, the overdue repayment record will naturally be blocked.

2. What should I do if I have a bad credit record?

What should some borrowers do when they neglect to repay their loans on time and in full, leaving them with a bad credit record?

In these cases, the borrower will need to "repair" their credit history by following these steps:

1. Pay off the arrears and loan penalty interest in a timely manner to avoid extending the overdue days, because if the overdue repayment exceeds 90 days, the borrower may be included in the bank's "blacklist".

2. After the borrower pays off the arrears, he insists on repaying the loan on time and in full every month, so that the bad credit record will be covered by the good record, so as to obtain a new personal credit record.

In addition, if the borrower has paid off the arrears and the overdue situation is serious, then the only way to do credit business is after five years, because according to the relevant regulations, the personal bad credit record will be kept for five years, and after five years, it will be automatically eliminated.

Legal analysis: The bad records about credit cards recorded in the personal credit report are generally kept for at least five years. For example, credit card overdue records are recorded by chance, which can only be deleted by the system after the cardholder has paid off the outstanding amount for at least five years.

If the customer does not repay the credit card after it is overdue, the overdue record of the slag key may always be retained on the credit report.

Legal basis: "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 ends, and where it exceeds 5 years, it shall be deleted.