Will bank loans overdue affect credit reporting (will bank loans overdue affect credit reporting? Zhihu)

Yes, the bank loans overdue will affect the credit investigation.

Detailed description:

1. Credit information system: In China, the credit information system is managed by the credit information center of the central bank, which records personal credit information and provides it to financial institutions for inquiry. When banks and other financial institutions consider whether to provide loans to someone, they usually check the person's credit history to evaluate his credit status.

2. Overdue record: Bank loans overdue means that the borrower fails to repay the loan on time or fails to fulfill the repayment obligation as agreed in the contract. If there is overdue behavior, the bank will submit the record to the credit information system, which will become the information known to the inquired person and other financial institutions.

3. Impact on credit rating: Overdue records have a negative impact on personal credit rating. The credit information system will give corresponding points according to the type, frequency and amount of overdue, which will reduce the personal credit rating. This will have a negative impact on future applications for loans, credit cards and other financial services.

4. Bank loan conditions: The bank will also decide whether to approve the loan application and the interest rate and amount of the loan according to the borrower's credit record. Overdue records will increase the credit risk of borrowers, so banks may increase loan conditions for individuals with more and more overdue records.

5. Long-term impact: Overdue records are usually kept in the credit information system for several years. Although their influence gradually weakens over time, it may still affect the convenience of individuals to obtain other financial services and interest rates for a period of time.

Summary:

Bank loans overdue will affect personal credit information, leading to a decline in credit rating, restricting future loans and credit card applications, and may make loan conditions more stringent.

Extended data:

1. overdue period: overdue records are generally counted from the repayment date, and more than 30 days are regarded as long-term overdue, which has a great impact on credit reporting.

2. Other overdue conditions: except bank loans, overdue credit cards, and loans overdue. It will also have a negative impact on credit reporting.

3. Repair credit information: individuals can repair the adverse effects of overdue records on credit information through timely repayment and communication and consultation with banks.