Credit reporting agencies shall not retain negative personal information for more than five years.

1. For ordinary bank credit card bad records, if it is caused by credit card repayment and other issues, you can immediately consult the bank customer service phone. If the case is minor, you only need to explain that it is not malicious. Generally, you can Help eliminate records.

2. Credit reporting agencies refer to third-party agencies established in accordance with the law and independent of both parties to credit transactions. They specialize in collecting, collating, processing and analyzing corporate and personal credit information, issuing credit reports, and providing Diversified credit reporting services help customers determine and control credit risks, etc.

3. Characteristics of credit reporting agencies: Most are operated and managed by a country’s central bank and perform supervisory functions; financial institutions under supervision are required to submit information; data access is generally restricted and only management systems are available The central bank and financial institutions that provide data have the right to query and obtain data information; products such as credit reports are mainly provided for internal use of banks.