Detailed description:
1. Banks and other financial institutions usually evaluate the credit history of borrowers when considering whether to issue loans. Overdue repayment will leave a bad record in the credit record and affect the borrower's credit score.
2. Being overdue for five times is a serious situation, indicating that the borrower failed to repay the loan on time many times in the past. This kind of credit record will make banks worry about the borrower's credit status and may think that there is something wrong with his repayment ability.
3. The more overdue borrowers, the more likely they are to be regarded as high-risk borrowers by banks. Banks are more inclined to avoid establishing loan relationships with high-risk borrowers to protect their own interests.
4. Although the specific situation may be different due to the influence of various factors, on the whole, the probability of refinancing after five times in loans overdue is relatively small.
Summary:
After five overdue loans, the possibility of refinancing is low. Banks usually take overdue times as an important factor to evaluate borrowers' credit status and repayment ability. Repeated overdue will have a negative impact on credit records, increase the possibility of being considered as a high-risk borrower, and then reduce the chances of obtaining loans.
Extended data:
Personal credit records are usually associated with the central bank's credit information system. Bad credit information such as overdue records and default records will be recorded in personal credit reports for reference by banks and other financial institutions. These financial institutions will obtain the borrower's credit report and evaluate it when considering whether to issue loans. Therefore, in actively maintaining a good credit record, it is very important to repay in advance and avoid overdue.