Shenzhen guoyin shengda financing guarantee co., ltd. recently compensated. What if there is such a clause in the credit report?

Guarantee compensation refers to the behavior that the guarantor fails to perform his obligations as agreed in the contract and the guarantor performs his obligations on his behalf. After compensation, the guarantor obtains the right to claim the guarantor and the right to dispose of the corresponding counter-guarantee collateral. This is also called compensatory payment. This is a dishonest record. Even if you pay off the debt, his record will not be eliminated within five years, but will remain on your credit report forever. This is a more serious record than overdue.