The so-called credit repair is basically a lie. According to the regulations, if an individual thinks that there are errors or omissions in the information in the credit report, he can personally or entrust an agent to file an objection application with the credit information center or the credit information sub-center. If the customer applies to the bank for objection, and the bank is indeed at fault, then it is justified to eliminate this bad record.

Personal credit information is transmitted from commercial banks and other institutions to the personal credit information database of the central bank's credit information center through special lines. This process is handled automatically by the whole computer without manual intervention. If there is indeed a violation by the internal staff of the bank, it is easy to be investigated. So it is a scam to spend money to find a white record.

Credit records involving individuals are only kept for 5 years from the date when the breach of trust is terminated, and will be eliminated after 5 years. The time limit for no longer being the object of punishment shall be formulated by the relevant departments.

In other words, if you really want to repair the credit information, you need to repay it in time. It takes five years for repayment to eliminate the bad credit record. The principle is to encourage error correction, deadline punishment and conditional repair. Time-limited punishment is to correct dishonesty and eliminate adverse effects within the prescribed time limit, and it can no longer be included in the joint punishment object.