If the overdue period exceeds 15 days, the borrower's information will be provided to the central bank for personal credit investigation, which will affect the personal credit investigation. Therefore, if the repayment is overdue, not only a certain penalty interest will be charged, but also a serious case will be reported to the central bank for credit investigation, forming a bad record.

Overdue repayment will not only affect your credit, but also bear the service fee for delayed repayment. Overdue repayment is not recommended.

Now, because of the politics of the country, most small loans that do not accept credit information do not exist.

You can go to official website to check your credit information. If the amount of your loan is recorded in the credit record and you don't pay it back, it is really overdue and will affect the credit record.

Extended data:

The person in charge of the business management department of the People's Bank of China summarizes and is responsible for the construction of personal credit information system;

Personal credit information system is a "credit file" (that is, personal credit report) established by a specialized agency for everyone, and then provided to banks, data subjects themselves, financial regulatory agencies, judicial departments and other government agencies for use.

This kind of activity that banks enjoy credit information through third-party institutions is credit investigation. With the intervention of the credit bureau, when you borrow from the bank again, the account manager can check your credit report with your consent, and can tell you whether you can provide a loan as soon as possible, saving time. ?

References:

Credit Information-Baidu Encyclopedia