Let us break a common misunderstanding first. Many thought that once the web-based loan product had been closed, there would be no further trace on the letter report. But the truth is different. Most people have limited knowledge of letters of call and there are errors in the understanding of credit records. So, let's see, how long will the credit records last after the loan is repaid

How long after the online loan is repaid does not appear on the letter? Internet lending records are kept at different times

First, it needs to be made clear that the display on the letter after the completion of the loan depends on two scenarios:

First, pay back in full and clear all outstanding amounts on time. In such cases, the monthly loan institution uploads the record of your repayment in full and on time to your letter of request report. Thus, after the repayment of the loan, the loan record, the repayment record will be kept as a normal credit record in your letter of credit report。

Secondly, there were delays, but the arrears were subsequently paid. For Internet loans that have been overdue, overdue records are kept for five years on letter-writing reports. This means that after five years, late records will automatically disappear. Please remember, however, that your online loan repayments, as well as timely repayment records, will still be shown in the letter-in-demand report。

Furthermore, the length of time information on Internet lending is kept in the letter-in-writing report needs to be seen in two ways:

One, bad information. This refers to late records, representation records, bad debts records, etc., which will be retained for five years from the date of the termination of the misconduct or incident and will be automatically removed from the system after five years。

Two, positive message. This refers to information on successful loan records, repayment records, etc., which will always be presented as a good credit record in your letter report。

In conclusion, even if your network loan is fully repaid, the positive message will remain in place, while the negative message will start to count for five years after you have paid your overdue arrears. In order to maintain a good status of letters of credit, we suggest that you should regulate the use of credit products and pay in full and on time, so as to avoid undesirable situations such as overdue payments。