What happens if there is an overdue credit record? If you don't repay in time, it will lead to your overdue credit investigation. With the continuous optimization and improvement of China's credit information system, personal credit information has attracted more and more attention. In addition to the impact on general financial lending, everyone's life and work will also be affected. What happens if there is an overdue credit record?

What happens if there is an overdue credit record? 1

There are overdue records in the personal credit report, which will affect the loan application and credit card processing.

Now when applying for a loan or a credit card, the bank will check the applicant's credit report to judge the applicant's willingness and ability to repay. If the applicant's credit report has overdue records.

The bank's loan interest rate to the applicant may be higher. If the overdue situation is serious, the applicant's loan application and credit card application may be rejected. If you are included in the list of untrustworthy people due to overdue, you will be restricted from high consumption and bring inconvenience to your life.

What is the impact of overdue credit records?

If there are overdue records on credit information, the following adverse effects may be caused:

1. Personal credit is damaged:

Personal credit is closely related to the situation of credit investigation. If there is a bad record in the credit report, that person's credit will also be damaged.

2, affect the card, loan:

Whether you go to the bank to apply for credit cards or loans, or go to other formal and large-scale lending institutions and platforms to apply for loans, you generally need to check the applicant's credit information. However, if there are overdue records in the applicant's recent credit report, it may lead to the failure of the bank, lending institution and platform, and thus be refused to approve the card and loan. Even if credit cards and loans are successfully obtained, the approved amount is usually relatively low.

Moreover, it is not only individuals who are affected. If both husband and wife have the same loan, the credit information of both husband and wife will generally be inquired. If one of them has a bad credit report, it will affect the smooth approval of the loan.

3. Affect travel and normal life:

If there are many overdue records in the credit report and the circumstances are very serious, it is likely to be blacklisted. Once you enter the blacklist, you may be blocked from traveling, such as flying, high-speed rail and train. It will have a great impact on your normal life.

What happens if there is an overdue credit record? 2

1. What is the impact of overdue personal credit records?

1, unable to apply for a loan.

The bank has a bad personal credit record and is seriously overdue for a long time. Will refuse to handle the loan business, that is to say, you can't apply for loans from all banks to buy a car or a house, or use it for other purposes.

2. Unable to apply for a credit card.

As such an important daily consumption product, credit card will not be processed in the future if it has a bad credit record, or it is difficult to handle it, and it is also difficult to cancel the original credit card.

3. Affect travel

Individuals with bad credit records will be refused to take high-priced and comfortable travel tools, such as airplanes, soft sleeper trains, first-class seats of EMU, second-class seats of ships and above. Even private cars will be restricted. The purpose is very clear, overdue repayment can not enjoy these high-cost means of transportation, and punish the old lai who has money to pay back.

4. Affect employment and promotion.

Credit investigation has spread to all aspects. In large enterprises, employee background investigation will also pay great attention to personal credit records. Individuals who refuse to repay their debts because they have the ability to repay will be included in the list of people who have lost their trust in the people's courts at all levels in the country and accept credit punishment. He shall not be the legal representative, director, supervisor or senior manager of any company in China.

5. High consumption is prohibited.

Not high consumption, not staying in star-rated hotels, not going to nightclubs, golf courses and other advanced places for consumption.

At the same time, in terms of online consumption, the Supreme People's Court also signed a memorandum of cooperation with Sesame Credit to punish those who broke their promises, which means that online consumption will also be punished by credit in the future.

6. Children can't go to private schools.

If parents are the executors of bad faith, children will not be able to attend private schools with high fees.

7. Personal credit is reduced

Personal credit is very important to everyone, and a good credit record is also a very important criterion for others to evaluate your credit.

I hope that every small partner can maintain a good credit record. I suggest that you can check the credit report once a year, and take timely measures to remedy any problems found.

Second, how to eliminate overdue credit card records?

1. As a credit card holder, once the repayment cannot be made on time due to unemployment, illness or other unexpected circumstances, before the deadline for repayment comes, the cardholder had better take the initiative to call the bank credit card center to state his financial situation, declare that he is not maliciously in arrears, and apply for deferred repayment and interest concessions.

2. In view of the cardholder's positive performance and previous good credit record, banks often agree to postpone repayment, and negotiate with the cardholder the repayment plan, extension period, interest discount, monthly repayment amount, etc. acceptable to both parties. In this way, if you take the initiative to contact the bank and the bank agrees to postpone the repayment, you will not be recorded in the bad record, but it should be noted that you will be guaranteed to repay the loan as agreed in the future.

3. If you are usually negligent in repayment, you must repay as soon as possible, preferably in full, after you find that it is overdue. Then call the bank's credit card center to declare that there is no malice. If the past record is good and the overdue time is short, if the repayment is found to be good after the overdue, it may not be recorded in the bad record. Don't be careless in the future. Be sure to pay attention to the bank's bill notice and collection information to avoid overdue.

4. Credit card repayment information will be recorded by the central bank's credit information system for 24 months, that is, the bad credit records generated by overdue credit card repayment will be kept in the credit information system for two years. If you terminate with a card, the corresponding record will not scroll, but will be saved for a long time.

Therefore, after the overdue repayment of the credit card, it is best not to cancel the credit card immediately after paying off the arrears, but to insist on using the card for more than two years, during which time, to maintain a good credit, so that the bad records can be cleared from the credit information system through rolling records.

It can be seen that if there is such an overdue record of personal credit information, our application for loans in the future will definitely be affected. If it is particularly serious, even in terms of consumption, tourism, children's school choice, etc., it will be affected to a certain extent, and higher interest will be generated if it is overdue.

What happens if there is an overdue credit record? three

1. Will overdue credit records be automatically eliminated after 5 years?

"Five-year automatic elimination of bad records" means that when you are overdue and leave a credit stain, the stain will be automatically eliminated five years after you pay off your debts, and then your loan application and credit card application will no longer be affected.

For example, Xiao Wang borrowed a loan from a bank, which should be paid back on March 5, leaving a credit stain after the deadline. He paid off his debts and paid the fine on May 5th. The credit stain will be automatically eliminated on May 5, five years later. In other words, "five years to whitewash bad credit" refers to five years after the debt is paid off, not from the day when you are overdue.

Laws and regulations:

Article 16 of the Regulations on the Administration of Credit Information Industry stipulates: "The retention period of personal bad information by credit information agencies is 5 years from the date of termination of bad behavior or incident; More than 5 years, should be deleted. During the retention period of bad information, the information subject may explain the bad information, and the credit reporting agency shall record it. "

Second, what is the on-site inquiry of credit payment process?

Individuals bring their original valid identity documents and 1 copies, fill in the "Personal Credit Report Inquiry Application Form" at the inquiry outlets, and then submit the inquiry application, and the inquiry staff can inquire the inquiry times in the credit information system.

If the number of personal inquiries exceeds 3 times or more in that year, the staff will inform the individual that he needs to pay the inquiry service fee. It is up to the individual to decide whether to pay voluntarily or not. After the individual pays the fee, the staff will feedback the amount invoice and the printed credit report to the individual.

3. What behaviors will affect housing loans?

1, personal income is unstable or not up to standard;

2. Personal assets are too small or zero;

3. The success of obtaining a loan depends on whether the borrower has enough willingness and ability to repay;

4. Don't think that there is only you (the loan applicant) and your spouse.