Reason:
1. Credit institutions: The credit system is led by the People's Bank of China, including many credit institutions. These institutions collect personal credit information, including personal loan situation and repayment records.
2. data sharing: credit reporting agencies have data sharing agreements with various financial institutions, including online lending platforms. Once the borrower fails to repay the loan within the time limit, the online lending platform will report relevant information to the credit reporting agency and include it in the personal credit report.
3. Impact on credit score: Overdue records will have a negative impact on personal credit score. Credit score is one of the important bases for financial institutions to judge personal credit status, and overdue records may lead to a decline in credit score.
4. factors beyond the borrower's control: even if the borrower is overdue due to force majeure, it will be recorded in the credit information system. Such as sudden accidents or economic difficulties.
Summary:
Credit information will be collected at the meeting when the online loan is overdue, which will have a negative impact on personal credit score. Therefore, when using online loans, borrowers should ensure that the loans are repaid on time to maintain a good credit record.
Extended information:
According to the Basic Law on Personal Credit Information and the Measures for the Administration of Credit Information Industry, the collection, use and protection of personal credit information are regulated by law in China. Overdue records are usually kept in the credit information system for many years, and may be shared by financial institutions and other interested parties. Maintaining a good credit record is very important for personal loans and obtaining more favorable financial services.