Many people may be denied credit when applying for microcredit. That's because your credit records have an important impact on the loan. It was therefore important to maintain a good credit record. If you have a problem with your credit records, timely resolution is crucial. So, how do we recover if we have bad credit? We need to look at the situation for analysis。

Will the letters return to normal? Specific analysis is required

The credit problem is divided into two main cases. First, there is a poor record of credit records. The second is that credit records contain extensive search records. The impact on credit and the manner in which it is repaired are different in both cases。

In case one, there was a poor record in the credit records. To remedy the situation, it was necessary to clear the arrears. Overdue records would not be deleted until five years after repayment. When the overdue records are deleted, credit is automatically restored. In other words, if you fail to pay your overdue arrears, that overdue record will remain on your credit records and credit will naturally not be restored。

In case II, there are extensive search records in the credit records. In such cases, credit would normally be automatically restored without any credit operation for a period of six months. It is important to note that not all lending institutions consider your credit poor because of a large number of search records. Therefore, a large number of search records may not affect your subsequent credit application。

So how do you fix your credit records

Method one, automatic restoration of the credit system. Whether poor credit records or extensive search records, the system is automatically repaired as long as restoration conditions are met. The poor credit records are to be repaired on the assumption that you will have to pay off the arrears. A large number of search records have been repaired, provided that you do not enter into any credit operations in the near future。

METHOD II, CORRECT BAD CREDIT RECORDS. IF YOU FIND A BAD RECORD IN YOUR CREDIT RECORD, YOU CAN CORRECT IT BY SUBMITTING AN OBJECTION. THE CREDIT SYSTEM WILL BE UPDATED ON T1 DAY AS LONG AS THE LENDING INSTITUTION CONFIRMS THAT THE RECORD IS WRONG AND RE-UPLOADED. THIS IS A PROACTIVE WAY OF RESTORING CREDIT, BUT IT IS LIKELY THAT THE COMPLAINT WILL NOT SUCCEED。

In general, even if your credit is poor, it is possible to recover as long as you take measures on a case-by-case basis. It is important to remind you, however, that good lending practices and full and timely repayment are necessary to maintain personal credit。