Many people who apply for loans or credit cards are now denied letters because of problems, which causes considerable inconvenience. So the question of letters of call is also troubling many. A lot of people would ask, "Will the letters be restored when the money is paid?" How's it going? Here, let's look at it from several angles。

Will the letters be restored when the money is paid

Theoretically, when a sum of arrears is paid out, the correspondence records are updated, in other words, the so-called “mail return”. This involves the cross-processing of information between banks/lending institutions, letters of credit agencies and individuals. Trust institutions need to develop sound data collection methods and data content, and banks need to be proactive in providing creditee information to creditee agencies, based on their ratings, before deciding whether to approve a loan application and what credit lines to grant。

However, in the case of actual implementation, some banks and lending institutions do not report in a timely manner to the letter-receiving agency on the updated loan repayment status, resulting in many people ' s letter-receiving records not being updated in a timely manner and with significant impact on the letter-receiving. In addition, if the arrears had been outstanding for more than a certain period of time, even if they had been paid, it might not be possible to restore credit for a long time because of the existence of blacklist records。

Moreover, many believed that they would solve all the problems only after they had paid off their own loans, but that was not the case in practice. Loans between family members, even credit cards in the name of the borrower, can affect individual credit records. If the lenders had paid their debts, but other family members were overdue, they would still have a negative impact on the individual ' s correspondence records。

How, then, can letters of inquiry be restored in a timely and effective manner

There are two options available to those who have problems with the letter call: first, the dilution of waiting time, the preparation of more loans or credit card applications in daily life, and the reduction of the probability of rejection due to insufficient credit ratings; and second, seeking the assistance of professional third-party institutions, arranging for professional financial consultants or credit card advisers, consulting on a personal basis and designing targeted repayment plans, as well as issuing credit certificates, which can effectively enhance the creditworthiness of individuals and actively participate in the updating and maintenance of the record of the call, in order to achieve the rapid restoration of the record。

In general, while letters of call would generally be reinstated after the payment of arrears, the individual situation would need to be determined. We will be able to pass the clearance process when applying for loans and credit cards only if we are on time to pay, properly plan our finances and maintain a good credit record。