If you're a frequent loan applicant, you may have seen a lot of online lending records in your personal letter. These records may have an impact on your future loan application or other financial services. Now, you're probably thinking, what am I supposed to do when I have a lot of Internet lending records in my letters

What if there's 60 online credit records on the letter

First, the elimination of poor records is key. If you already have over 60 online loan records in your letter of request report, first you check if there are any overdue records. If there is a delay, the overdue record will be ahead of you in your correspondence report, and once you clear those arrears, these poor records will be calculated from the day you repay them, and will be automatically cleared after five years. So, over the five-year period, you need to maintain a stable good credit, that is, no new bad records and no multiple loans at the same time。

Secondly, to address the problem of multiple borrowing. If you already have over 60 online loan records in your letter-in-writing report, there is a need to investigate the existence of multiple loans. Multi-loaning is when you apply for a loan from two or more places at the same time. If there are multiple borrowings, you need to pay your arrears in advance。

Finally, reduce the frequency of loans. Sixty loan records, which may indicate that your loan is too frequent to break a good credit profile. Since previous loan records cannot be deleted, you need to be careful not to apply for loan products frequently in a short period of time。

Bad credit records don't always affect you unless you never pay back. In accordance with the Regulations on the Recruitment of Trusts, the letter-receiving institutions keep personal bad records for a period of not more than five years; those more than five years should be deleted。

The excessive number of inquiries in letters of credit reports may affect your loan applications, but even so, as long as there are no new overdue records and inquiries for three months, there may be a credit institution that recognizes your qualifications。