First of all, children's shoes have to understand what loan extension means. The extension of the loan means: Borrower: "Big Brother (bank or financial institution), I really can't afford this money now. Can you bend the rules? Let's postpone the repayment. Let's sign an agreement, and I will definitely pay it back before it expires. " Bank: "All right! For your honesty's sake, I agree to postpone the arrears. " Generally speaking, I hope the borrower can postpone for a while and increase his repayment time. So what is the impact of loan extension on credit reporting? Let's have a look.

The extension period has different provisions according to the loan period.

1, short-term loans (within one year, including one year, the cumulative extension period shall not exceed the original loan period. )

2, medium-term loans (more than one year, less than five years, including five years), the cumulative extension period shall not exceed half of the original loan period. )

3, long-term loans (more than five years, the extension period shall not exceed three years. )

4, unless otherwise stipulated by the state. If the borrower fails to apply for extension or the application is not approved, the loan will be credited to the overdue loan account from the day after the maturity date.

Do you understand this summary? The extension itself has no influence on the credit investigation, but if the loan is not paid off after the extension and transferred to the overdue account, this influence will "alarm" the credit investigation. Once you become a "bad bank" from a citizen with a good willingness to repay, your mother may get angry and "punish" you with a letter. If the credit information is not good, it will be difficult to move forward. When a friend borrows money from a bank, it is the best policy to repay it honestly. After all, the impact of overdue is still relatively large.

If we have to "disturb" the credit "adults" to judge, I hope that timely repayment is the most important thing, keeping the contract during the exhibition period is goodwill, and borrowing and returning is the most harmonious.