How long will the credit history be erased?

How long did the loan record disappear? Loan records refer to personal records about loans and credits. How long the loan record disappears depends on the loan type, loan purpose, loan amount and loan term. This paper will introduce in detail how long the loan record will be eliminated, so that consumers can fully understand the elimination time of the loan record and how to improve the credit score.

1. Overview of loan records

2. Credit card loan records have been eliminated.

3. Auto loan record elimination

4. Elimination of mortgage records

5. Eliminate other loan records

summary

How long will the loan record be erased?

Loan records refer to personal loan and credit records, which can reflect personal credit status and whether individuals can repay loans. Therefore, it is very important for consumers how long the loan record will be eliminated, because it can affect the personal credit score and credit ability.

Credit card loan record elimination

Credit card loan is the most commonly used loan method for consumers. Generally, the loan record will be erased after 6 months, but if the consumer defaults on the loan, the loan record will last for 7 years.

Auto loan record elimination

Automobile loan is the most commonly used consumer loan, and its loan record will generally be eliminated after 7 years, but if the consumer defaults on the loan, the loan record will continue to exist, generally lasting 10 years.

Elimination of mortgage records

Mortgage loan is the most commonly used investment loan for consumers, and its loan record will generally be eliminated after 7 years. However, if the consumer defaults on the loan, the loan record will continue to exist, generally lasting 65,438+00 years.

Eliminate other loan records

In addition to the above three types of loans, there are other types of loans, such as private loans and government loans. Their loan records will be erased after seven years, but if consumers default on their loans, their loan records will last for 65,438+00 years.

abstract

As can be seen from the above, how long the loan record will be erased depends on the loan type, loan purpose, loan amount and loan term. Generally speaking, the loan record will be eliminated after 6-7 years, but if the consumer defaults on the loan, the loan record will continue to exist, generally lasting 10 years. Therefore, in order to repay the loan in time and improve the credit score, consumers need to check the loan records regularly to find out the problems in time and avoid the persistence of the loan records.

Microfinance records will be eliminated for a long time.

Bad records in the credit report will be eliminated, and normal records will not be eliminated. Bad credit records will be automatically eliminated after five years of retention. For example, overdue repayment records are kept for five years from the date when the arrears are paid off, and will be automatically eliminated after five years. If the arrears have been in arrears for less than five years, the credit information has been displayed. Because of the high interest rate of small loans, banks generally discriminate against small loans. Therefore, the record of small loans has a negative impact on applying for bank loans, but the impact is not absolute. General banks will require customers to pay off small loans in advance, and some banks also require small loans to be repaid for more than three months or more than half a year. Article 35 of the Interim Provisions on the Administration of Loan Companies

How long will it take to eliminate the record of small loans?

The bank stipulates that the system needs to update the personal credit information database once a month, and the general interval will not exceed 2 months, so in general, the information that can be found in the personal credit information record is 1 until 2 months ago. If there are overdue records, the inquiry of credit information depends on the update time of each bank, which is usually seen after one month. The central bank will record the repayment information for 24 months in the credit information system, and if there is any overdue repayment record, it will be recorded in the personal credit information. According to the central bank's regulations on credit management, loan credit records shall be kept for five years from the date of termination, and those that exceed five years shall be deleted. Therefore, if there is a loan credit record on the personal credit report and there is no other credit problem within five years, it will be automatically deleted after five years. The standards of each bank are different, so you should consult the bank for details. Article 16 of the Regulations on the Administration of Credit Information Industry

How long can I cancel the credit report after the small loan is paid off?

Microfinance information will be eliminated in five years. The central bank's policy on credit reporting is that records will be cleared automatically after being kept for 5 years. However, it should be noted here that if the borrower is only an ordinary usage record, the general normality will be eliminated after 5 years.

Personal credit investigation refers to the activities of personal credit investigation institutions established according to law to collect and process personal credit information and provide personal credit information inquiry and evaluation services according to the requirements of users. Personal credit report is a personal credit history record provided by a credit reporting agency to legitimate information inquirers after processing and sorting out the information collected according to law.

As of 20 15, the database contains 870 million natural persons, of whom 370 million have credit records.

2065438+May 2009, new personal credit information was officially released, and the length and fineness of credit information will be further improved.

The Measures for the Administration of Credit Information Business was deliberated and adopted at the 9th executive meeting of the Central Bank on September 30th, 20021,and is hereby promulgated and shall come into force as of June 30th, 2022.

At present, it is mainly used in various consumer credit businesses of banks. With the continuous improvement of the social credit system, credit reports will be more widely used in commercial credit sales, credit transactions, recruitment and job hunting and other fields. In addition, the personal credit report also provides a way for inquirers to examine and standardize their own credit history behavior, and forms a verification mechanism of personal credit information.

Credit information

1, personal basic information identifies an individual and reflects his family and occupation;

2. Personal credit information formed by the credit relationship between individuals and financial institutions or housing provident fund management centers;

3. Personal credit purchase and payment information formed by personal credit purchase relationship with commercial institutions and public utility service institutions;

4, the administrative organs, administrative affairs law enforcement organs, judicial organs in the exercise of their functions and powers in the process of public personal credit related record information;

5. Other information related to personal credit.

influencing factor

The main factors that may affect the personal credit risk score are: repayment in loans overdue, failure to repay according to the agreed time limit and repayment amount after credit card overdraft, or too many loan accounts and credit cards.

Draft an administrative management bill

Article 25 If the information subject thinks that the information collected, saved and provided by the credit reporting agency is wrong or omitted, he has the right to raise an objection to the credit reporting agency or the information provider and ask for correction.

Credit institutions or information providers that have received objections shall mark the relevant information with objections in accordance with the provisions of the supervision and administration department of credit reporting industry in the State Council, check and handle it within 20 days from the date of receiving the objections, and give a written reply to the dissidents.

How long will it take to clear the online loan record of credit information?

First of all, answer directly.

Online loan big data will be automatically cleaned up every three months. As long as users repay their debts on time or pay off their overdue debts in time, the normal repayment records and overdue records will be cleared once every three months.

Second, the specific analysis

If the overdue debt is not paid off, the normal repayment record will be cleared every three months, and the overdue record will be kept in the online loan big data. As long as there are no long-term loans caused by overdue records and frequent applications in the user's online loan big data, then the user's online loan big data is good and will not affect the user's subsequent application for online loans.

Be careful not to trust some people who claim to help you clean up big data. Online loan big data can only be optimized and no one can clean it up.

If it is not because of overdue illegal households, then we should look for other reasons, such as whether the frequency of applying for online loans is too high. If you don't know, you can look it up on Winnie Hsin. As long as you know what causes you to become a black household, you can improve online loan big data according to the reasons.

3. What does the online loan blacklist mean?

The blacklist of online loans mainly refers to the enjoyment of information by non-governmental organizations, which will blacklist some users with malicious arrears and poor credit. Once this user applies for a loan, he will refuse it directly, thus avoiding some credit risks. The first thing to enter the online loan blacklist is to pay off the arrears, otherwise it will be permanently banned by the formal online loan platform.

Under normal circumstances, the following situations will enter the blacklist of online loans:

1, frequently apply for small loans.

At the same time, if you apply for too many small loans, you may be included in the credit gray list, which is slightly better than the black list of online loans, between good credit and black list of online loans, but the risk control will still show that your overdue risk is too high and refuse your loan application.

2. It's expired.

Many people borrow small loans because they think they don't have to pay them back, or the interest is too high to pay them back. We must know that the overdue fine for small loans is quite high, and finally the interest will be even more unclear. When you are overdue for many times, your overdue record will lead to your loan being rejected.

3. Fraudulent loans.

If the information is false, the mobile phone number is not true, or it has not been used for more than three months, it will be interpreted by big data as that you have a tendency to defraud loans, and it is considered that the loan risk coefficient is high, thus refusing the loan.

4. Guarantee for others.

You must be careful when vouching for others. If it is not reliable, it will be overdue or even not returned. Then it's you. The guarantor has a great responsibility, and all the bad problems need to be shared by the guarantor.