1. Decline in credit score: overdue credit cards will lead to a decline in personal credit score. By collecting and processing personal credit information, credit reporting agencies generate credit scores to measure personal credit status. Overdue repayment will be regarded as the performance of poor credit, which will have a negative impact on credit score and reduce personal credit rating.
2. Credit records are damaged: overdue credit cards will also leave records in personal credit records. Credit records are personal credit history records kept by credit agencies, which record personal credit behavior and repayment records. Once there is a record of overdue repayment, it will have a negative impact on the credit record and become an important reference for other financial institutions to evaluate personal credit status.
3. Poor loan conditions: After the credit card is overdue, individuals may encounter higher interest rates, stricter approval conditions or rejection when applying for loans in the future. Financial institutions will consider personal credit records when deciding whether to provide loans, and overdue repayment records will make financial institutions more cautious when evaluating personal credit risks and adjusting loan conditions.
To sum up, one overdue credit card will have a negative impact on personal credit information, including the decline of credit score, the damage of credit record and the deterioration of lending conditions. Therefore, it is suggested that everyone develop good repayment habits and pay off the credit card arrears on time, so as to maintain a good credit status and obtain better lending conditions and financial services.
Extended data:
Credit investigation refers to the collection, arrangement, management and inquiry system of credit information. The main credit institutions are the Credit Center of the People's Bank of China and several other private credit institutions. Credit institutions collect personal credit information, such as loan records, credit card usage, repayment, etc. , generate personal credit reports and credit scores for reference by financial institutions and individuals. Credit information has an important influence on personal lending and financial activities. Overdue credit card is an important bad credit record in credit investigation.