When will the credit card delinquency record deletion period expire?
When I read articles about the growing household debt due to the economic downturn, I feel that there are quite a few people who are forced to take out loans. Credit management is not usually felt important, but there are often people who regret it because they did not manage it when they needed a sudden lump sum.
When will the credit card delinquency record deletion period expire?
As you can purchase or borrow goods in advance with just credit, how you manage your credit has a significant impact on your economic activities. 연체기록
When will the credit card delinquency record deletion period expire? 좋은뉴스
In the case of credit card delinquency, if you think you will pay it anyway even if you do not pay it off quickly, and it often happens that you are overdue for a day or two, it will remain on your record and you will be penalized if it is overdue for a long time. This is because if you overdue, you will not only receive a reminder phone call or text message, but also receive disadvantages as the overdue information is shared with other card companies.
What are the disadvantages of credit card overdue records?
If it is overdue for more than 5 days, the credit card delinquency record will be shared with financial institutions along with a demand, and this will soon lead to a credit rating downgrade. When your credit rating is lowered, restrictions arise on loan limits, issuance of new cards, and installment services.
When will the credit card delinquency record deletion period expire?
A person with a high credit rating can borrow more at a low interest rate, but if the credit rating is low, the first financial sector will reject the loan itself, and you will have no choice but to borrow at a higher interest rate from the second financial sector.
Overdue records of 90 days or less are deleted after 3 years, and overdue records of 90 days or more are deleted after 5 years.
Overdue cases registered with credit information companies are subject to management if the credit card overdue record is more than 3 months. Overdue is a part that can be a disadvantage in financial transactions later, even if there is no disadvantage right now.
When will the credit card delinquency record deletion period expire?
The timing of delinquency information is different depending on the overdue amount or period, but since the record is kept for quite a long time, from 1 to 5 years even after paying off all principal and interest, I think it is the best option to be careful not to overdue. .
If you want to find out about your current credit rating or credit information, you can check it by visiting your bank or by contacting a credit inquiry site.