A friend of mine is taking out a loan. She spends 5,000 yuan in loans overdue for more than a month, but people don't pick her up when they call.

Overdue records are likely to be reported to the credit information system.

According to the loan contract and guarantee contract (mortgage or pledge contract), the loan bank will sue the court, and the court will take measures such as property preservation, including freezing the deposits in all bank accounts of you and the loan guarantor and sealing up the pledged property. After the judgment is made, it will be enforced according to law (deposit deduction,

Auction the mortgaged property to pay off the bank's loan losses. Specifically, it includes: loan principal, loan interest, overdue interest, penalty interest, and all litigation costs arising therefrom, and related expenses incurred when disposing of pledged property.

Your credit will be affected. If you take the company as the borrower, you will be credited to the national bank credit information system, and the loan in your personal name will also be credited to the national personal credit information system for overdue loans. If the lending bank doesn't erase your records, you may not be able to get loans from all banks in the future.

If you are not maliciously in arrears with the bank loan and are able to pay the interest on the normal loan, I suggest that you apply to the loan bank for loan extension first, and explain your willingness to repay, the fact that you have not repaid the loan for the time being and the plan for repayment in the future. Normally, the bank will help you.

If it is overdue for more than three days, the overdue record is likely to be reported to the credit information system. You need to ask the lending institution whether to submit your credit information. Those that have not been submitted will be repaid in time, and the overdue records are expected to be eliminated. If it has been submitted, it needs to be repaid in time, and then wait for five years, after which personal credit will be automatically restored.

Will non-malicious overdue affect the loan application? If it is not malicious overdue, you can ask the bank to issue a "non-malicious overdue certificate". Even if you have made a credit record, it will not affect your future loan application.

Other reasons are overdue, including fake loans and secured loans. If the personal information is incorrect, you can apply for objection to the relevant outlets of the People's Bank of China. If the repayment is overdue for non-personal reasons, the bad records will be eliminated. If the guarantee is overdue, there is no other way to urge the parties to repay as soon as possible.