What does it mean to show collection in the credit report?

Your overdue loan has been credited by the loan company.

1. You forgot to repay the loan, and the loan company made a credit inquiry.

2. Repay in time and explain the situation.

3. You can set a reminder to repay in time without overdue.

Rational loans, not ahead of consumption, repayment on time.

1. Loan

A loan (electronic debit card) is simply understood as a loan that requires interest.

Loan is a kind of credit activity. Banks or other financial institutions borrow funds at a certain interest rate and must repay them. Loans in a broad sense refer to loans, interest subsidies, overdrafts, etc. At the same time, banks can also obtain loan interest income and increase their own accumulation. Repayment method

(1) repayment of equal principal and interest: that is, the sum of loan principal and interest is the monthly equivalent. Housing provident fund loans and commercial personal housing loans, most banks use this method. The monthly repayment in this way is the same;

(2) average capital repayment method: that is, the borrower distributes the loan amount evenly to the whole repayment period of each period (month) and pays off the loan interest from the previous trading day to the repayment date. In this way, the monthly repayment will decrease month by month;

(3) Repaying the principal and interest on a monthly basis: that is, the borrower repays the loan principal in one lump sum on the loan maturity date (applicable to loans with a term of less than one year (including one year)), and the loan bears interest on a daily basis and repays the principal and interest on a monthly basis;

(4) Repay part of the loan in advance: that is, the borrower can repay part of the loan in advance when applying to the bank, which is generally 10000 or 10000 times. At this time, the bank will issue a new repayment plan after repayment, and the repayment amount and repayment period will change, but the repayment method will remain unchanged, and the new repayment period shall not exceed the original loan period.

(5) Early repayment: that is, the borrower can pay off all the loans in advance by applying to the bank. At this time, the loan bank will terminate the borrower's loan and handle the corresponding loan procedures. Cancel the formalities.

(6) Follow-up: The interest after borrowing is calculated on a daily basis, and the interest rate is calculated on a daily basis. Payment can be settled in one lump sum at any time without default.

Step 2: Interest

Interest is the money paid by the borrower to the lender in order to obtain the right to use the funds, and it is the use price of the funds (that is, the loan principal) for a period of time. The loan interest can be calculated in detail by the loan interest calculator. In civil law, interest is the legitimate interest of the client.