1. Sub-tier Cadillac Riggs refers to loans overdue for more than 90 days.
2. Detailed description:
A. First of all, loans overdue means that the borrower fails to repay the loan principal and interest on time after the agreed repayment date.
B. Secondly, 90 days overdue is a common definition standard. When the borrower is overdue for more than 90 days, the loan is classified as a second-class Cadillac Riggs.
C. This classification means that borrowers have poor repayment ability and high risks, which may lead to losses of banks or lending institutions.
3. Summary:
Loans overdue for more than 90 days are regarded as second-class Cadillac Rico. This means that borrowers have poor repayment ability and banks or lending institutions face higher risks.
4. Extended information:
This classification standard may vary by country, region or different lending institutions. In practice, the way to deal with overdue loans can be adjusted according to the specific situation to protect the interests of borrowers and lending institutions to the maximum extent. Loans overdue will have a negative impact on personal credit record and future loan ability, so borrowers should try their best to avoid overdue repayment or negotiate with lending institutions to make a suitable repayment plan. It is important to know your financial situation and manage your loan responsibly.