What does it mean to submit the basic database of financial credit information after receiving the notice of overdue mortgage repayment?

Due to overdue, the bank has reported the overdue records to the Credit Information Center of the People's Bank of China, resulting in bad credit records, which will affect the application for credit cards and bank loans in the next five years; Failing to repay the loan principal and interest to the bank that issued the loan according to the loan term agreed in the loan contract, resulting in the loan exceeding the agreed term.

However, it should be noted that some banks generally have a grace period of 1 to 3 days for credit card repayment. However, if the grace period is not up, it will leave a bad credit record on the personal credit report.

Extended data:

Consequences of overdue repayment of credit cards:

The day after the credit card expires, your name will appear in the internal system of the bank, which will be seen by the president and risk control. Moreover, it will inevitably affect credit and leave a bad credit record on the personal credit report. Once a bad credit record is left, it may be kept for 3 -7 years. If the overdue circumstances are serious, the mortgage and car loan will be affected.

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