Can credit reporting be repaired?

Credit information can be repaired, but it can only be repaired after the specific retention period of bad information expires, as follows:

1. The Regulations on the Administration of Credit Information Industry stipulates that the retention period of personal bad information is five years, and it will be deleted after five years, but this is on the premise of paying off the loan;

2. The retention period of bad information is different, and Britain stipulates that it should be kept for 6 years; South Korea stipulates that it will be retained for 5 years; According to American regulations, personal bankruptcy information is kept for 10 year, other negative information is kept for 7 years, and negative information above150,000 dollars is not limited by the retention period; According to the regulations of Hong Kong, personal bankruptcy information is kept for 8 years, and lost information is kept for 7 years.

Extended data:

The scope of credit management in the Regulations on the Administration of Credit Information Industry;

The Regulations on the Administration of Credit Information Industry applies to the collection, collation, preservation and processing of credit information of individuals or enterprises in China, as well as the business and related activities of providing credit information to information users. The object of standardization is mainly the business activities of credit reporting agencies and their supervision and management.

State organs and organizations authorized by laws and regulations to manage public affairs shall collect, sort out, preserve, process and publish enterprise and personal information in accordance with laws, administrative regulations and the provisions of the State Council. For example, the tax authorities publish the taxpayer's tax arrears information according to the tax administration law.

The Regulations on the Administration of Credit Information Industry shall not apply to the information that the relevant government departments impose administrative punishment on the violator according to law, and the people's court announces the information that the person subjected to execution does not execute the effective legal documents according to the Civil Procedure Law.

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Baidu Encyclopedia-Regulations on the Administration of Credit Information Industry