1. Time length: one day overdue means that the borrower fails to repay the loan on time, that is, one day beyond the repayment date; 90 days overdue means that the borrower has been in arrears for more than 90 days after the repayment period.
2. Severity of consequences: A delay of one day usually does not lead to serious consequences immediately, but it will be regarded as a breach of contract, which may lead to late payment fees or penalty interest. However, 90 days overdue will greatly affect the borrower's credit. In China, the overdue records of borrowers will be recorded in the personal credit information system, which will have a negative impact on their future credit evaluation and loan application. In addition, borrowers may face more severe penalties, such as legal proceedings, collection actions and asset seizure.
3. Summary: The difference between one day overdue and 90 days overdue is mainly reflected in the length of time and the severity of the consequences. One day overdue is relatively minor, which may only lead to late payment fees or penalty interest; 90 days overdue will have a long-term impact on the borrower's credit and economic situation, and may lead to legal disputes and asset losses.
4. Extended information:
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