Detailed description:

1. Failure to repay in cash on time will damage personal credit and may be added to the credit information system.

2. Credit reference refers to the system for recording personal credit status, which is managed by the People's Bank of China. Credit information usually includes personal loan, repayment and other related information.

3. If the cash loan is not repaid in time and the borrower has a cooperative relationship with the credit information system, the overdue information of the borrower can be submitted to the credit information system.

4. Once it is included in the credit information system, the personal credit status will be negatively affected, which may lead to difficulties in applying for loans, buying goods and renting houses in the future.

In order to avoid bad credit records, we should try our best to repay the loan on time or communicate with the borrowing institution to find a solution.

Summary:

Now having no money to own cash loans will also damage personal credit and may join the credit information system. Therefore, for borrowers, timely repayment is very important to avoid the negative impact of overdue repayment.

Extended data:

Credit information system is a credit information sharing platform managed by the People's Bank of China, aiming at recording the credit status of individuals and enterprises. According to the credit information provided by the partner, the credit reporting agency forms a credit report including personal identity, loan records, repayment situation and so on. Credit information system has an important impact on personal credit evaluation and financial services.

For a long time, cash loans have been widely popular in China. Because of its fast approval and fast loan, it is very attractive to those who are in urgent need of funds. But for borrowers, we should seriously consider the repayment ability, ensure timely repayment and avoid credit damage.

For those who cannot repay the cash loan on time for some reason, it is best to communicate with the borrowing institution as soon as possible. Some lending institutions may provide solutions such as installment repayment or extension of repayment period. Through active negotiation with the borrower, the risk of overdue repayment can be reduced and the credit loss caused by the credit information system can be avoided.