No, even if Moonlight Man is overdue, it will not affect your credit report, but Moonlight Man is a loan shark company and has a mafia organization. If you owe money for one day, your address book will be exploded and your family will be threatened to tell you that it is a disaster. Your family, etc., are threatening and harassing you at the same time, so you won’t borrow it if you can. Moreover, Moonlight Man’s interest rate is extremely high, and most people can’t even afford it!

1. Credit reporting

The advantage of credit reporting is that it can institutionally constrain the moral behavior of enterprises and individuals, which is conducive to the formation of a good social credit environment. Our country has advocated the traditional virtue of honesty and trustworthiness since ancient times, and has promoted the formation of people's concept of integrity through criticism in a moral sense. Integrity is a kind of social morality and a basic rule of conduct. Honesty and trustworthiness are indispensable to both businesses and individuals.

2. The benefits of credit reporting

First, it will save a lot of time. If a lot of the information that the bank needs to know when you need a loan is reflected in your credit report, then The bank will no longer have to spend so much time investigating and verifying the authenticity of the information you fill in the loan application form, which will greatly shorten your loan time;

Secondly, borrowing is more convenient, as the saying goes, it is easier to borrow. It's easy to return, and it's not difficult to borrow again. If your credit report can reflect that you are a person who repays your debts on time and conscientiously keeps your promises, then the bank will definitely like to lend you money. Maybe the bank can not only provide loans, credit cards and other credit services, but also improve the loan amount and interest rate. Give you certain discounts;

Third, credit reminder. If it is recorded in your credit report that you have defaulted on a loan, then the bank must treat it carefully when considering whether to provide you with a loan. At the same time, the bank is very likely to ask you to provide material mortgage or written guarantee, etc., or reduce the loan amount to you, or increase your loan interest rate, or refuse to give you a loan;

Fourth, fairness credit. Another major benefit of credit reporting is that it helps you obtain fairer and more equitable credit opportunities, and you will not be unable to get a loan or face other problems due to credit reporting issues.