First, does general overdue have an impact on credit loans?

Yes, overdue credit records will have a negative impact on loan applications, but loan review may not fail, depending on the relevant regulations of banks or third-party financial institutions on overdue.

Generally speaking, if the credit record is overdue for no more than 2 times, the bank will still handle the loan as appropriate, but the number of overdue times is accumulated for 6 times or more, and the banking system may not approve it. However, in the same overdue situation, third-party financial lending institutions will be relatively lenient, because different institutions have different tolerance for overdue. A relatively loose auditing institution, even if its credit history is overdue, will not affect the approval of the institution's lending.

If the overdue times are less than the audit requirements of any financial institution, you can increase your own assets, such as real estate, vehicle driving license, etc., so that the audit pass rate will be greater. Or find a friend with a good credit record, good economic strength and fixed assets as a guarantee, which is also one of the considerations of lending institutions.

Second, what will happen to loans overdue?

1, seriously affecting the credit index.

If you don't repay on time, it will become a stain on the borrower's credit. Once there is a stain, it is definitely not possible for borrowers to seek loans from other loan companies.

What's more, if you do other business under the real-name registration system, it will also have an impact.

2. The repayment pressure is greater after the deadline.

If a small loan is borrowed and it is not repaid within the prescribed time limit, the platform will attach an overdue fee or liquidated damages. In this way, when repayment is made in the future, not only the previous principal interest will be paid back, but also the liquidated damages will be added, which will undoubtedly make the repayment pressure even greater, and the loss will outweigh the gain.

3. Assets may be closed.

Although small loans are generally borrowed less, if the amount is large, they may be sued by the lending company. Then you may seize your assets, so that the funds are frozen, and the impact on your life can be imagined.

4. If the circumstances are serious, it will violate the law.

Generally speaking, small loans are not civil disputes and will not be litigated. However, if the parties refuse to implement it, it will rise to the level of illegality, and criminal responsibility will be investigated for acts with particularly bad circumstances.

If I am overdue, it means that I have not paid off the loan on time. If I want to apply for a loan again, I need to repay more than all overdue debts and make sure that my overdue records have been eliminated before I can get a bank loan. Therefore, timely repayment is very important to me, which not only affects my life, but also affects whether I can apply for a loan again in the future.