Three consecutive overdue payments refer to the borrower’s inability to repay the principal and interest of the loan on time after the repayment date. The specific explanation is as follows:

1. Definition: Three consecutive overdue payments means that the borrower fails to repay the principal and interest on time more than three working days after the repayment date stipulated in the loan contract.

2. Impact: Three consecutive overdue loans will have a certain impact on both the borrower and the lending institution. For borrowers, consecutive delinquencies may lead to a deterioration of credit history, thereby affecting future credit loan and credit card applications. For borrowing institutions, three consecutive overdue loans may increase the risk of creditor's rights, especially when large-scale creditor's rights are overdue.

3. Handling method: For the situation of three overdue items in a row, the lending institution will generally take the following measures to deal with it:

- Reminder for collection: The borrowing institution will call, text message, Remind borrowers to repay through emails and other methods to encourage them to perform on time.

- Supervision and collection: If the borrower still fails to repay the debt, the lending institution may send a collection team to contact the borrower directly and require it to repay on time.

- Legal action: As a last resort, the lending institution may pursue legal action against the borrower, which may result in the defendant going to court and execution.

Summary: Three consecutive overdue payments means that the borrower fails to repay the principal and interest of the loan on time after a certain period of time after the agreed repayment date. This behavior will have an impact on both the borrower and the lending institution, and corresponding measures need to be taken to safeguard the rights and interests of both parties.

Extended information: Three consecutive overdue payments are common in the lending industry and are of great significance to maintaining financial order and risk prevention and control. In order to avoid three overdue loans in a row, borrowers should strictly evaluate their repayment ability before borrowing, and arrange their financial plans reasonably to ensure that they can repay the principal and interest of the loan on time. At the same time, lending institutions should also strengthen risk management and improve the rigor of credit reviews to ensure that borrowers have the ability to repay.