If the applicant is included in the list of people who have broken their promises, that is, Lao Lai, he can't apply for a loan, and he will be restricted in other aspects. Credit reminder: If the credit report records that you borrowed money and didn't pay it back, the bank must be cautious when considering whether to provide you with a loan. It is very likely that the bank will let you provide mortgage or guarantee, or reduce the loan amount, or raise the loan interest rate, or refuse to lend you a loan.

What will happen to cooperative loans?

If the credit report reflects that you have borrowed a lot of money, the bank will be very cautious, fearing that your debt is unbearable and may refuse to provide you with any more loans. With the intervention of credit reporting agencies and credit reporting, when you borrow money from a bank, the bank loan officer can check your credit reporting with your consent.

Take some time to focus on verifying some problems, and we will tell you soon whether the bank provides credit information to your loan cooperative in loans overdue. However, bad information disclosed in accordance with laws and administrative regulations is excluded.

Article 16 The retention period of personal bad information of credit reporting agencies is five years from the date of termination of bad behavior or incident; More than 5 years, should be deleted. During the retention period of bad information, the information subject may explain the bad information, and the credit reporting institution shall record it.