For modern society, in fact, credit is a particularly important thing, which is directly related to our loan to buy a car and a house. Once there is a credit problem, it is simply difficult to take steps. Can we still borrow money if there is a credit problem?
1、 Reasons for overdue
First of all, there are three kinds of overdue credit: personal student loan when going to university, credit card applied by individuals and housing loan in the early stage.
Many applicants will fall into the following misunderstandings: the credit card is not used but the annual fee is ignored, the repayment is beyond the grace period after the repayment date, and the payment is one or two days late due to system upgrade and other problems after repayment.
2、 How to avoid overdue credit investigation
Generally speaking, housing loans must be paid in full. In the case of insufficient amount, the credit card can choose to apply for repayment in installments, or repay the minimum amount. Do not ignore the repayment date or pay at will. At the same time, we should also pay attention to the overdue payment due to some holidays or the upgrading of the banking system. It is better to make up the arrears one or two days before the repayment date. Finally, since the credit card will generate interest, you can check the amount before making repayment. When the amount deposited in the credit card exceeds all the arrears under the account, the excess amount is called "excess payment", which will be automatically deducted from the credit card consumption. If you want to get back the excess payment, you need to pay the relevant handling fee to the bank.
3、 What to do after overdue
Now many banks are handling loans for customers. Generally speaking, if they are overdue for more than six times or three times in a row within two years, they will be regarded as having a bad credit record by the bank. For specific circumstances, you can consult the relevant bank that purchases the real estate. However, due to long-term non repayment, we can only consider the full purchase or give up.
If the working period of provident fund can be full loan, you can also choose pure provident fund loan, the impact of overdue credit will be relatively small.
4、 How long can bad personal credit records be eliminated
According to the regulations on the administration of credit reference industry, the retention period of personal bad information by credit reference institutions is five years from the date of termination of bad behavior or event; if it exceeds five years, it shall be deleted.
Within the term of bad information preservation, the information subject may explain the bad information, and the credit reference institution shall record it.
In other words, as long as a good personal credit is maintained in these five years, we can continue to apply for loans after five years.