What's the impact of five days in loans overdue? After receiving the following message,

Overdue for 5 days has the following effects on online merchant loans:

1. Negative credit record: According to the relevant regulations, five days after the online merchant loans overdue, the bank will submit the overdue record to the basic database of financial credit information, that is, the credit information system of the People's Bank of China. This will have a negative impact on personal credit records, and may be restricted or raise interest rates when borrowing money or handling other financial businesses in the future.

2. Personal credit damage: overdue record submission will reduce personal credit rating and affect personal credit. Good credit will have an impact on applying for loans, credit cards, renting houses and buying cars, and it may be more difficult to gain the trust and support of credit institutions in the future.

3. Increased repayment risk: 5 days overdue may mean that your repayment ability will decline, and the bank will mark you as a high-risk customer. This will make the bank more alert to your credit status. Even if the loan is made in the future, the interest rate may rise and the repayment conditions will be stricter.

Summary: The impact of five days overdue on online business loans mainly includes negative credit records, personal credit damage and increased repayment risk. Therefore, after overdue repayment, we must pay attention to personal credit records and urge ourselves to repay on time to avoid adverse effects on personal credit.

Extended data:

According to the regulations of the People's Bank of China, the basic database of financial credit information is a national unified basic database of credit information jointly built and maintained by the People's Bank of China and other financial institutions. The database collects the credit information of individuals and enterprises, which is used to evaluate and reflect the credit status of individuals and enterprises, and provide credit decision-making reference for financial institutions and other related institutions. Any bank that is overdue for 5 days will submit overdue records to the database, which has an important impact on personal credit records.

Note: The above answers are for reference only, and the specific impact may vary according to individual circumstances. For details, please consult relevant financial institutions or credit reporting agencies.