What does the advance information in the credit report mean?

The advance information displayed in the credit information generally refers to the borrower's long-term overdue, the guarantee institution at the time of borrowing advances funds to compensate the loan, or the bank borrows funds to temporarily fill the arrears loophole, which is a serious credit problem. If the debtor has paid off the advance payment to the advance payment institution or bank, he can generally ask the advance payment institution or bank to issue a certificate that the debt has been paid off, and then the borrower can provide a certificate to contact the credit information agency to consult about the cancellation of the advance payment record. Cancellation of advances does not mean that credit returns to normal, and the advances on the credit report will become overdue. Overdue records will be kept in China People's Bank for 5 years from the date of repayment.