What does a bad credit card record mean?

It is often said that "a bad credit card record will affect loans", but many people say that they "don't know" what a bad credit card record is. Now I'll give you a popular science lesson.

Bad credit card records refer to the records of bad behaviors such as credit card holders' failure to repay in full and on time as agreed or malicious overdraft. The reason why "bad credit card records will affect loans" is because the issuing bank will upload the cardholder's credit card records to the central bank's credit information system, and these records will be recorded in the personal credit information report. Before the bank approves the loan, the first thing to check is the borrower's personal credit report. If there is a record of overdue repayment on the statement, the loan will be rejected.

So, what if the credit card has a bad record? Will the bad record follow you all your life?

If the cardholder only forgets to repay for a while, he should make up the arrears in time afterwards, and then maintain a good repayment habit, so that the bad record will be covered by the good record, thus generating a new credit record. If the bad record of the credit card cannot be made up by "overwriting", the cardholder need not worry too much. As long as the arrears are paid off, the bad records will be automatically eliminated after five years of storage.

However, in order to avoid causing trouble, we should still do what we can when spending credit cards, and at the same time, we should develop the good habit of repaying in full and on time, safeguard our personal credit and set up a good economic identity card for ourselves.