If an individual’s credit report is overdue for 90 days, the following consequences will occur.

Details:

1. Credit score decline: Late repayment will lead to a decline in personal credit score. Credit score is an important indicator for financial institutions and other creditors to assess personal credit risk. A lower credit score may affect the feasibility of applying for loans, credit cards and other financial services in the future.

2. Difficulties in loan application: After 90 days overdue, individuals will be regarded as high-risk borrowers. Financial institutions may reject or strictly scrutinize an individual's loan application because a past due date indicates that the individual has failed to repay debts on time in the past.

3. High-interest loans: Even if a loan is successfully obtained, individuals may face high-interest loans due to a decline in credit scores and high-risk labels. Financial institutions will determine loan interest rates based on personal credit status, and being overdue for 90 days will have a negative impact on this.

Summary:

After 90 days of overdue, personal credit reports will be negatively affected in the long term, including a decline in credit scores, difficulties in loan application, and high-interest loans. Therefore, timely repayment of debt is crucial to maintaining personal credit.

Extended information:

A credit report is a document that records an individual’s credit history. It is generated by a credit bureau based on an individual’s borrowing behavior and repayment status. Overdue repayment refers to an individual's failure to repay a loan or credit card debt on time beyond the agreed overdue time. The main credit reporting agencies include the Credit Reporting Center of the People's Bank of China (referred to as the "People's Bank of China Credit Reporting Center") and other social credit reporting agencies, such as Tencent Credit Reporting, Baidu Credit Reporting, etc. The credit reports provided by these credit reporting agencies play an important reference role in loan approval, credit card applications, etc. of financial institutions.