How often does the credit record need to be cleared? I have taken out many small loans in the past and paid them off on time. Will it have any impact on buying a house with a loan in the future?

Credit citations are generally eliminated within 5 years. Expiration will have serious consequences.

Banks generally discriminate against small loans, and small loan records will have a certain impact on applying for bank loans.

But the impact is not absolute. Generally, banks will require customers to pay off their small loans in advance if they have not repaid them before the loan. Some banks also require that the loan must be repaid three months or six months after the small loan is repaid.

Extended information:

"Credit Blacklist Management Measures" business access conditions

Have a good foundation in handling retail business, personal deposits and loans in the past three years The business scale and business structure are stable, the customer scale and customer structure of the personal deposit and loan business are good, the bank card business is running well, and the connection and use of the identity document verification system and the credit reporting system are good.

After being included in the bad credit report list by the bank, after reporting to the Credit Report Center of the People's Bank of China, overdue information will be displayed on the credit report. If such a situation occurs, the borrower's future applications for loans or credit cards will be affected, and the interest rate is likely to be increased and the loan may be withdrawn early.

Baidu Encyclopedia—Regulations on the Management of the Credit Reporting Industry