Is the credit report one day late for the 2021 China Merchants Union loan?

Normally, if a mortgage loan is overdue for one day, your credit report will not be reported.

There is no grace period for repayment in China Merchants Union Good-Term Loan. If the borrower repays one day late, it is considered overdue. However, if the borrower is accidentally one day overdue, the credit report will generally not be submitted. Usually the borrower will receive a repayment reminder text message from the platform, and a certain overdue penalty will be incurred when repaying the loan.

So borrowers need to make timely repayments to avoid various negative consequences caused by overdue repayments.