How long does it take to clear the credit report for borrowing money?

The credit record on Jiebei will be retained for 5 years before it will be deleted. Conditions must be met: the loan has been settled in full and has not been overdue after settlement. After 5 years, the loan record will be automatically removed from the credit report.

How long does it take to eliminate the credit report?

Jiebei is a credit loan product launched by Ant Financial, which is an upper credit loan. Borrowings that are listed on your credit report will appear on your personal credit report and affect your personal credit score. So, how long does it take for the credit report to be eliminated?

Time to eliminate:

The time to eliminate credit records on Jiebei is 5 years.

Elimination conditions:

There are two conditions for the elimination of borrowed credit records:

1. The loan has been fully settled : Including principal, interest, late payment fees and other fees.
2. No overdue repayment occurred after settlement: After settlement, no overdue repayment occurred.

Elimination process:

When the borrowed loan is settled and no overdue occurs, the system will retain the loan record from the date of settlement 5 years. After 5 years, the loan record will be automatically removed from the credit report.

It should be noted that:

• If the Jiebei loan is overdue, the overdue record will be retained in the credit report7 years.
• Even after the overdue records are eliminated, the credit score will still be affected to a certain extent and it will take some time to recover.
• After the credit record on Jiebeishang is eliminated, it will not affect subsequent loan applications, but the lending institution will still make an evaluation based on other credit information.

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