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What are the effects of loan extension and credit downgrade to subprime?
It will have a bad influence on credit reporting, and it is recommended to pay it off as soon as possible.

Among them, the credit rating shows that there are obvious problems in the borrower's repayment ability, and there is a possibility that 30%-50% can't recover the loan funds. The judgment basis includes that the borrower has paid off the debts at the end of several consecutive months. After comprehensive judgment of various factors, financial institutions believe that there is a problem with the borrower's repayment ability and suggest that the borrower repay in time.