Announcement on overdue collection of non-performing loan customers, how long has loans overdue been bad?

Under normal circumstances, loans overdue is recognized as a non-performing loan after more than 90 days.

Detailed description:

1. loans overdue Term Definition: loans overdue refers to the borrower's failure to repay the loan principal and interest at the agreed time. The definition of loans overdue term may be different due to different loan types, contractual agreements or internal regulations of financial institutions. Under normal circumstances, financial institutions regard customers in loans overdue for more than 90 days as non-performing loans.

2. Adverse effects caused by overdue: loans overdue has brought adverse effects to financial institutions. First of all, overdue will lead to a decline in the quality of institutional assets, further affecting their profitability and risk resistance. Secondly, non-performing loans will increase the provision reserves of institutions and increase financial risks. In addition, customers may be adversely affected by law and credit, such as litigation and damage to credit records.

3. Collection measures for non-performing loans: Once the loans overdue reaches more than 90 days, financial institutions will take collection measures to recover the arrears. Collection measures include telephone collection, door-to-door collection, recovery of overdue fees and initiation of legal procedures. Financial institutions can also entrust collection agencies to carry out professional collection.

Summary:

Loans overdue is regarded as a non-performing loan for more than 90 days. Loans overdue not only has a negative impact on financial institutions and their profitability, but also has a negative impact on customers' credit records and legal risks. Financial institutions will take a series of collection measures to recover overdue loans.

Extended data:

Non-performing loans refer to the assets that banks or financial institutions can't recover the loan principal or interest on time due to the debtor's default or default. Non-performing loans have an important impact on the operating conditions and risk management capabilities of financial institutions. Financial institutions strive to reduce the risk of non-performing loans through strict risk assessment and collection measures.

The above is how long it took loans overdue to be recognized as a bad answer. According to China's financial practice and regulatory requirements, loans overdue is usually defined as the failure to repay the loan principal and interest for more than 90 days. In the financial business, loans overdue has been regarded as a non-performing loan for more than 90 days, and corresponding collection measures need to be taken. Loans overdue not only has a negative impact on the asset quality and risk management ability of financial institutions, but also has adverse consequences on the credit records and legal risks of overdue customers. Therefore, reasonable repayment of loans on schedule is an important part of safeguarding the interests of individuals and financial institutions.