The problem of how to deal with the poor record of microcredit was one that every borrower wanted to address. With these troubled debt records, our creditworthiness has become a little "lord" and could even affect our future loan applications. How, then, can we resolve this problem once and for all?

How did you get rid of the bad loan record

Knowledge of how to eliminate the poor record of loans is key. Actually, there are two ways, first, to wait for the automatic elimination. This approach refers to the automatic expiration of the credit history over a certain period of time, for example, in the case of consumer-type loans, which can be “automated” in about two years, and in the case of long-term loans such as mortgages and car loans, which take about three years. The obvious advantage is that you don't have to cross over the mountain and work for seconds, and the credit rating will come back。

Secondly, if you are anxious to erase bad records from your curriculum vitae, perhaps you can try to consult with the bank. Speaking of which, you might wonder if I don't know the bank well enough to negotiate. In fact, as long as you work in good faith to gain the confidence of the bank, you can ask the bank to clear your bad credit records in the credit report. The process may be difficult, but it is worth it as long as it comes to credit。

Of course, we should learn how to avoid pre-emption and avoid bad credit records. Pre-loan risk assessment is a crucial matter. Financial institutions need to assess the borrower ' s credit records, income, liabilities, etc., in order to judge its ability and willingness to repay the loan. In our own case, we also need to treat loans rationally, to make reasonable borrowing in accordance with our economic strength and ability to return, to avoid over-lending or over-repaying, and to choose legitimate financial institutions to avoid possible risks。

In addition, compliance lending is an important strategy to prevent the "floating" of loans. Financial institutions are required to comply strictly with the relevant laws and regulations in order to ensure their legal compliance, and we borrowers are equally required to act with caution and respect the law in order to avoid going astray。

Young-ga said that the youth had no sense of sorrow, and I would like to add that everything is set, and nothing is done. Financial regulators need to strictly regulate the lending approval and risk control processes of financial institutions to ensure that they do not incur non-performing loans and that they are protected against financial risks. The regulation of borrowers also requires adequate attention in order to avoid the emergence of illegal loan platforms or private borrowing. It's the same old saying that you must be careful to borrow。

That's how to get rid of bad credit records and some of the tips to avoid "bad" lending。