Loans overdue usually refers to the phenomenon that after the loan expires, the borrower fails to repay the principal and interest of the loan to the bank that issued the loan according to the loan term agreed in the loan contract, and fails to go through the relevant extension or lending procedures, resulting in the loan exceeding the agreed term.
Solution 1: Take the initiative to contact the bank after making up the arrears in a short time due to negligence; Not all overdue records will be immediately displayed in the personal credit report. Some banks will have a few days of tolerance, and some will not report overdue records to the central bank's credit information center until next month. So as soon as they found the overdue records, they contacted the bank and tried to solve the problem before reporting the case.
Solution 2: Pay off the loan if it is maliciously overdue for more than 90 days, and maintain good credit habits: if you receive a credit report, you should also pay a penalty. Credit card users should not cancel their cards immediately and continue to maintain good consumption habits. After five years, the bad records will be automatically eliminated. Except for the mortgage, most loans only refer to the credit records within two years.
Solution 3: In case of unemployment, serious illness and going abroad, take the initiative to contact the bank. Explain your actual situation and issue a "non-malicious overdue certificate". When the loan is needed again, the relevant lending institutions will consider it as appropriate. Solution 4: Contact the bank to explain the overdue caused by the "fake loan", and then submit an objection application to the local China People's Bank Credit Information Center. Generally, such bad overdue records can be eliminated within 15 working days.
What are the consequences of loans overdue's repayment?
I. Interest Increase As you have not repaid on time, the lending institution will contact you by phone after loans overdue to remind you to repay on time. At the same time, for each overdue day, a penalty interest rate will be charged on a daily basis. Generally speaking, banks have less penalty interest than private lending institutions.
Second, the impact of personal credit information Due to the repayment of loans overdue, it is the personal credit information record that will have a long-term impact. Some people may say that the repayment is only a few days late and should not be reported. However, according to the relevant regulations, as long as loans overdue is one day later, it will be recorded in the personal credit report. The bad record of personal credit information may affect the application for loans and credit cards in the future, including mortgage and car loans. It usually takes about five years to eliminate this record.
Third, it will affect children's schooling. If the bank loan is deliberately delayed, flying and high-speed rail will be affected in the future. What's more, it may affect children's attendance at key schools.
Four. The assets of the borrower and the guarantor will be affected. If loans overdue lasts for a long time, the assets of the borrower and the guarantor will be affected to some extent. 5. You can't enjoy preferential loans or even apply for loans. When many people apply for a mortgage again, they find that they have left too many overdue repayment records on the old mortgage because of carelessness. In addition to the penalty interest on overdue loans, they may not be able to successfully obtain the preferential annualized interest rate on bank mortgages. What's more, it is impossible to apply for a mortgage.