What is three consecutive overdue payments: It means that there are overdue repayment records in the credit report for three consecutive months, and the overdue repayment records exceed six times in total.

Basic concepts of three in a row and six in a row:

Three in a row and six in a row is a professional term in the loan industry. In fact, it is the collective name of "three in a row" and "six in a row". "Three in a row" refers to overdue repayments for three consecutive months, while "six in a row" refers to a total of six overdue repayments. Because they are both overdue payments, they are often mentioned together. In the eyes of banks, these two situations are serious credit stains.

They will definitely be classified as "problem customers" and belong to high-risk loan groups and enter the "blacklist". Future loans, etc. will be at great risk of being rejected. Three in a row and six in a row are serious stains on a personal credit report. Compared with "six in a row" and "three in a row", the risk is greater because the bank will definitely question your repayment ability after overdue repayment for three consecutive months. of.

The accumulated overdue repayments for six months may be due to occasional overdue repayments due to long-term use of credit cards, which may be caused by user negligence. However, overdue repayment for three consecutive months must mean that the user's capital chain has been broken during a certain period of time and the repayment ability is insufficient.

When applying for a loan, the bank will inquire the user's personal credit record. If it is found that the borrower has a record of "three consecutive losses", the bank's approval department will consider it carefully. Sometimes The borrower will also be asked to provide proof of previous good repayment records and explain why overdue repayments occurred. The overdue time and overdue amount will also be taken seriously.

Introduction to loans:

Loans mean that banks, credit unions and other institutions lend money to units or individuals who use the money, and generally stipulate interest and repayment dates. Loans in a broad sense refer to the general term for lending funds such as loans, discounts, and overdrafts.

Banks invest the concentrated currency and monetary funds through loans, which can meet the society's need for supplementary funds to expand reproduction and promote economic development. At the same time, banks can also obtain loan interest income. , increasing the bank’s own accumulation.