How long is the overdue loan overdue for credit reporting? How serious are the consequences?

1. How long does it take to report the overdue loan?

the failure to get credit information after the loan is overdue is mainly determined by the overdue amount, time and repayment willingness of the borrower. If the borrower's overdue amount is large, or the overdue time is too long, it will affect the borrower's record in the 1-bank credit information. To put it simply, if it is overdue for more than one month, patting the loan may report the overdue information of the borrower to the credit.

Generally speaking, in order to prevent the personal credit information from being affected, borrowers who use the pat loan should remember to repay in full and on time. Although there is no official statement that the auction loan has been connected to the central bank's credit information system, it does not mean that the subsequent auction loan will not be connected to the central bank's credit information.

second, the consequences of credit reporting

1. The credit record of credit reporting may affect other financial businesses in the future, such as car loan, mortgage loan and credit card application.

2. Credit records will have a certain impact on their work, and some jobs will refuse to recruit people with bad credit conditions.

3. Bad credit records will have an impact on life, and you can't fly by plane, train or engage in other high-consumption activities normally.

4. A good credit record will help the bank to recognize your repayment ability, and help you to withdraw money from your credit card and apply for other credit business.

iii. Paipai Loan

Paipai Loan (NYSE:PPDF) is a financial technology company, which was established in Shanghai in 27 and successfully listed on the New York Stock Exchange on November 1, 217. As of June 3, 219, the cumulative number of registered users of auction loans reached 99.2 million. The cumulative number of borrowing users is 13.4 million; The cumulative number of investment users was 644,4, achieving sustained growth; The re-borrowing rate increased by 2.4% to 69.8% compared with the same period in 218.

As the first governing unit of China Internet Finance Association, the company puts legal compliance first, follows the financial essence, takes data as the cornerstone, provides financial services for users with innovative technologies, and continues to invest in financial technology and smart finance, and develops a "magic mirror" big data risk control system based on technologies such as big data, cloud computing and artificial intelligence. Paipai Loan also applies big data analysis and AI-centered technology to credit review, risk control, precision marketing and intelligent customer service, and strives to practice the concept of "* * * benefiting the economy" to help the development of inclusive finance, China.