1. Credit record is damaged: overdue repayment will be recorded in personal credit report by financial institutions, which will have a negative impact on personal credit record. In the future, when applying for a loan, applying for a credit card, renting a house, buying a car or buying a house, banks or financial institutions will check their credit records. If they find the record of overdue repayment, they will think that the borrower's credit is bad, which will affect the chances of obtaining new loans or other credit products.
2. Collection and legal risks: For loans overdue for 6 months, financial institutions may transfer overdue loans to professional collection agencies for collection. The collection agency will ask the borrower to repay the debt through various means (such as telephone, letter, door-to-door dunning, etc.). If the borrower is still unable to repay, the collection agency may take legal measures such as litigation to recover from the borrower, further aggravating legal risks.
3. Loans become bad debts: After six months in loans overdue, financial institutions may record overdue loans as bad debts. This means that borrowers are unable to repay their debts, and financial institutions will not be able to recover the principal and interest of loans. Bad debts may have a negative impact on the operating conditions and profitability of financial institutions, as well as on the entire credit market.
In order to better understand the personal credit status and avoid the risks brought by loans overdue, it is suggested that users can use the data of Internet dome to query credit big data. By inquiring personal credit report, users can know their credit status in time, ensure the timely repayment of loans and avoid the adverse consequences caused by overdue repayment.
Summary: loans overdue's six-month stay will have a serious negative impact on personal credit records, which may lead to rejection of loan applications, legal disputes and financial losses. In order to avoid overdue repayment, it is suggested that borrowers use the data of the Internet vault to query the credit big data, know the personal credit status in time, and plan the repayment plan reasonably.
Extended data:
The credit record damage caused by overdue loans shall be recorded by the personal credit information system led by the People's Bank of China. Personal credit information system is a database formed by credit information provided by various financial institutions to record personal credit information and credit status, and is used to evaluate personal credit risk. Financial institutions in China will refer to personal credit reports when applying for loans to decide whether to provide loans to borrowers. Therefore, maintaining a good credit record is very important for personal loans and credit life.
The above is loans overdue's answer to the six-month consequences, and I hope it will help you.