2. Can't apply for a loan again: The bank will refuse to apply for a loan business for individuals with bad credit records and long-term serious overdue, which means that you can't apply for a loan to buy a car, buy a house or use it for other purposes at all banks.
3. Impact on employment: Nowadays, many large companies will conduct background checks on job seekers before they join the company. If you have a bad record, the company will definitely consider whether to hire you;
4. Affect the family: Bad credit records not only have an impact on themselves, but also have a certain impact on the family. For example, if one of the husband and wife has a bad credit record, then the other party will be rejected if he wants to borrow money to buy a house or a car.
What behaviors affect personal credit reporting?
1. The credit card has expired. Usually, credit cards are overdue for three times in a row (or six times in two years), or overdraft consumption is not paid back, which will form a bad credit record. These are obviously situations where money is owed and not paid back. I believe everyone will be very alert to these problems.
2. Providing guarantees for third parties may also produce bad records. Don't think that only loans overdue will have bad records in the credit report. In fact, if you are the guarantor of someone else's loan, if the borrower fails to repay the loan on time, it may also appear in your report. So in addition to urging the parties to pay off the money as soon as possible, what you can do is to do preventive work in the future. The loan guarantor has a great responsibility, so be careful before signing!
3. Will one-day overdue mortgage affect personal credit information?
Generally speaking, banks and some financial institutions have time tolerance services. Some financial institutions have a grace period of 1 to 3 days. If the repayment is overdue for one day, the borrower will pay back the money in time and explain the reasons, and will not enter the credit information system. If it exceeds three times, a credit stain will be generated and included in the credit information record. After discovering that the mortgage is overdue, the borrower communicates with the bank staff in time to find a solution. Of course, some banks with strict regulations have no grace period. In this case, they will also go to the credit information system if they are overdue for one day. This requires the borrower to understand the rules of the lender, so as not to have too much impact on personal credit information due to overdue problems.