Overdue business loans will leave a bad record on your credit record. How long an overdue loan will affect your credit score mainly depends on the following points:

1. Overdue duration: Generally speaking, the longer a business loan is overdue, the greater the impact on your personal credit score. Typically, being overdue for more than 30 days can start to have a negative impact on your credit score.

2. Number of overdue loans: If a business loan is overdue multiple times, the credit bureau will regard it as bad credit behavior, further damaging the credit record.

3. Repayment amount: If the overdue amount is large, it will also more seriously affect personal credit. This means that the higher the debt, the greater the negative impact on your credit score.

To sum up, how long an overdue business loan will affect your credit score mainly depends on the overdue duration, the number of overdue times and the repayment amount. It is recommended that borrowers abide by the loan contract and repay on time to avoid a negative impact on personal credit.

Extended information:

There are two main credit reporting agencies in China’s credit reporting system, namely the Credit Reporting Center of the People’s Bank of China and Baihang Credit Reporting. These credit bureaus collect personal credit information, including loan overdue records, and generate personal credit reports. Personal credit information is very important and has an impact on personal loans, credit card applications and other financial services.

It is worth noting that credit records are usually retained for a period of time. Even if overdue loans are paid off, previous bad records may still remain in the credit report for a period of time. Therefore, it is very important to repay overdue business loans in a timely manner to avoid long-term damage to personal credit.