Whether or not online loans are creditworthy, as long as the lender has paid every installment on time and has no record of late repayment, it basically won't affect the loan review.
Credit collection is an activity that collects, organizes, saves, and processes credit information of natural persons, legal persons, and other organizations in accordance with the law, and provides external services such as credit reports and credit evaluation to help customers judge and control credit risks and conduct credit management.
Credit collection is the establishment of credit files for individuals or enterprises by specialized and independent third-party agencies, which provides a platform for specialized credit-granting institutions to enjoy credit information ****.
What does adverse information mean? Undesirable information refers to information that negatively affects the credit status of the subject of information, such as information that the subject of information fails to fulfill its obligations in accordance with the contract in activities such as lending, credit purchase, guarantee, leasing, insurance, use of credit cards, etc., information about administrative penalties imposed on the subject of information, and information about people's court judgments or rulings on the fulfillment of obligations of the subject of information as well as information about compulsory enforcement.
What do some of the terms for "overdue" information on a credit report mean?
Is it true that some of the terms used in the credit report to record the "overdue" information are confusing? It's actually quite simple. For example, the current overdue period/amount refers to the current number of consecutive overdue and the amount; while the overdue month refers to the month in which the loan or credit card is overdue; the overdue month/amount refers to the number of months that a particular overdue behavior has lasted and the amount that should be repaid.
How long is bad information kept? Is it a lifelong record? Bad information does not last a lifetime. The retention period of bad information is five years from the date of termination of the bad behavior or event. For example, if you forgot to pay your mortgage in October and became overdue, the overdue record will be automatically erased after 5 years from the date of payment of the October mortgage arrears.
What should I do if I find an error in my bad information record?
If you think that there are errors or omissions in the information collected, kept or provided by the credit bureau, you have the right to object to the credit bureau or the information provider and ask for corrections. Upon receipt of the objection, the credit reference agency or the information provider shall mark the relevant information as objectionable in accordance with the regulations, verify and process the information within 20 days from the date of receipt of the objection, and reply to you in writing with the result.