Information > General articles > Raiders Channel > Personal credit >  text

Why is the bad credit record not automatically eliminated after 5 years?

Time: 2013-10-18         Source: Rong 360 original         Author: Chen Li

Not long ago, Mr. Zhang, a citizen of Hefei City, Anhui Province, put forward the following question on the 360 ​​Q & A platform: "I have found that overdue records several years ago are still not being eliminated. According to regulations,Bad credit historyIs it not only for 5 years? Why five years later, bad credit records still appear inCredit ReportWhere is it? After detailedly inquiring Mr. Zhang’s situation, it was originally due to a loan of RMB 10,000 owed by Mr. Zhang five years ago that has not yet been repaid.

Perhaps many people, like Mr. Zhang, have a "deviation" in their understanding of the automatic elimination of bad credit records after five years. In fact, the new version of the "Regulations on the Management of Credit Information" stipulates the following: The credit information agency shall keep the personal information collected for less than five years from the date of termination of the bad act or event. In the new version of the report, the starting time of the overdue information is set to be October 2009, and only the overdue record of nearly 5 years will be displayed. In other words, the supervision department's overdue information that had been paid off prior to the 10th of 2009 can be past.

According to the regulations, we also took Mr. Zhang’s case as an example. Assume that he had a bad credit record on October 3, 2008. If the debt is paid off before September 2009, then the bad credit record will be 10 in 2009. The month was eliminated and Mr. Zhang would now become a "gold medal winner" with a good credit record. However, if the borrower defaults on loans until October 16, 2013, bad credit records will “disappear” in 2018. In the nearly 20 years from 2009 to 2018, Mr. Zhang is likely to make the credit stain a stumbling block for his own borrowing, and even lay hidden dangers in work, life and other aspects, causing negative effects on the “money”.

Specifically, there may be many aspects that may be affected, and as the new governments that have been introduced around the credit record by local governments continue to increase, the role of credit records will only become increasingly important on a today's basis. For example, Jining City in 2010housing fundThe Management Center stipulates that if employees have overdue repayment records within 12 months prior to applying for the withdrawal of the housing provident fund to repay the housing loan, the employees and their spouses may not withdraw the housing accumulation fund account balance. For another example, many banks have turned down borrowers who have overdue for more than 90 days.

Therefore, in today's relatively perfect credit management system, the borrower must not be fortunate enough to think that any system will have loopholes. Even if the money is not refunded, it will not have much impact on the future. The credit stain will eventually Disappears automatically with the loss of time. Mr. Zhang used the example of iron to tell us that everyone is equal before the facts. Here, the financial 360 reminds the borrower, do not cause a bad record for a lifetime due to a bad record. At the same time, it is also necessary to inform future “gold medal winners” what they can do to hold this medal firmly in their hands. At least you should do the following:

Keeping in mind the maturity date of each credit and each credit card, repaying the credit, credit, mortgage, car loans and other loans on time in full and on time; moderate overdrafts within the scope of repayment ability; do not spend more than making more credits After personal information such as contact information changes, contact the bank and update it in time to ensure that the bank can contact you in the first instance in an emergency. For example, when moving, you must notify the bank in a timely manner to ensure that the bill can be received as scheduled after the change of address, and you can actively query the bill through the customer service hotline and other channels.

Urgent money? We have reviewed hundreds of micro loan products! Concerned about the WeChat public number "look for a small money" (ID: luxiaodai360), replying to "emergency money", no longer afraid to borrow money.

【Exclusive Manuscripts and Disclaimer】 All works marked as “Future 360 ​​Original” must be reproduced, excerpted or otherwise used by any entity, organization or individual without authorization in writing. Has been authorized in writing, indicating the source melts 360. Violation of the above statement will infringe upon 360's legal rights and interests and will be legally pursued. The materials and conclusions in the work are for reference only and do not constitute operational recommendations. For written authorization, please email:

Comment list (User comments are only for users to express personal views, does not mean that this site agrees with their views or confirms their description)
you may also like
  • Why did the non-performing credit records disappear in 2015 after 5 years?  Recently, Ms. Guo of Nanjing consulted on the 360 ​​platform and said that when she bought a home loan in 2015, she discovered that her own bad credit record of five years ago, which was 2010, was not eliminated. What happened? According to the regulations, does the bad credit record not only remain for 5 years? Why 5 years...
  • Does it take 2 or 5 years to eliminate bad credit records?  Mr. Song, a card friend, was on a business trip and was busy with forgetting to pay for a credit card. He was overdue and had a bad credit record. This could have tainted Mr. Song, who had always repaid on time. He consulted with the financial Xiaobian to eliminate bad credit records need 2 years or 5 years? How can I quickly eliminate bad...
  • Eliminating bad credit card records, 2 years or 5 years?  Eliminating bad credit card records, 2 years or 5 years? The credit card has the characteristics of simple application, convenient use and convenient repayment, and is deeply loved by the majority of card-friends. However, what happened when some of the card friends caused overdue due to improper use of credit cards? First, melt 360 summary...
  • Credit card bad record is eliminated in 2 years or eliminated in 5 years?  Yesterday, a colleague of mine asked me a question when I was proofreading an article: If the credit card is overdue and the personal credit system has a bad record, then it is only 2 years before the record can be eliminated. Can it be eliminated in 3 or 5 years? To tell the truth, he suddenly emerged from this problem...
  • How to eliminate bad credit records  If the central bank credit report has a limited time limit on the preservation of bad credit records, the bad information is retained for five years from the date of termination of the bad behavior or event. It should be noted that the five-year period starts from the actual repayment date, not On the repayment date, overdue records of more than 5 years will be...