How to restore credit after overdue credit repayment?

1. How to restore credit after overdue repayment

After overdue repayment, the overdue record will be retained for 5 years from the date of settlement. Overdue records will be retained after 5 years. The record is automatically deleted so that personal credit is restored. Or before the overdue records are automatically deleted by the system, the user can add additional personal instructions to the personal credit report, which will also play a certain role in restoring credit. All in all, once the overdue records are deleted, personal credit will be completely restored.

Therefore, the sooner overdue debts are settled, the more conducive it is for users to restore their personal credit as soon as possible.

2. What is the process and time of prosecution for overdue bank loans?

Prosecution process:

(1) When a party files a lawsuit, it must first submit a letter of indictment and Submit the corresponding number of copies according to the number of opposing parties. If the parties concerned are citizens, the names, genders, ages, places of origin, and residential addresses of both parties should be stated.

If the party concerned is an organization, the name, address, legal representative or person in charge of the organization should be stated. The main text of the indictment should state the requested matters and the facts and reasons for the prosecution, and the tail must be signed or stamped with an official seal.

(2) According to the principle of "whoever makes the claim must provide evidence", the plaintiff should submit the following materials to the court:

1. Materials on the plaintiff's subject qualifications. Such as the originals and copies of resident ID cards, household registers, passports, return certificates for Hong Kong and Macao compatriots, marriage certificates and other evidence; corporate units serving as plaintiffs should submit copies of business licenses, business registration certificates and other materials.

2. Evidence to prove the plaintiff’s claim. Such as contracts, agreements, credit documents (IOUs, IOUs, etc.), receipts and delivery vouchers, correspondence, etc.

(3) When parties submit documentary evidence to the court, they should fill in a duplicate evidence list, detailing the name and page number of the evidence submitted. After the evidence is verified by the court handler, the handler will sign and seal the evidence list. One copy will be handed over to the parties and the other will be filed.

(4) The case filing court shall, within seven days after the parties have fulfilled the necessary procedures and submitted all relevant evidence and materials, handle the case filing procedures for those who meet the conditions for filing the case; for those who do not meet the conditions for filing the case, it shall rule not to file the case in accordance with the law. be accepted.

(5) The parties concerned shall prepay the case acceptance fee and other litigation costs within seven days from the date of receipt of the acceptance notice. If they are really in difficulty, they may apply to this court for a reduction or postponement within the prepayment period. If a written application for exemption from payment is not submitted within the time limit or the written application for deferment, reduction or exemption is not approved and the case is still not submitted in advance, this court will rule as automatically withdrawing the case.

(6) After the case filing procedures, the case will be scheduled for hearing by the court. The parties concerned should obey the various work arrangements of the court, and go to the finance office to settle the litigation expenses after the case is concluded, and any excess will be refunded.

After the credit is overdue, your credit report will definitely be affected, and if the overdue loan is not paid off for one day, your credit report will always have problems. Even if you have paid off the overdue loan, you will still have problems again. The purpose of retaining it for five years is to warn the debtor that he must repay the loan in time after borrowing, so as to better protect his rights and interests from being damaged.