Accidentally forgetting to pay back the money will lead to overdue, credit investigation and bad credit record. In fact, the situation is not so serious. Call the bank first and ask if there is time tolerance service. Repayment within a wide period of time will not produce overdue records. If you miss the three-day grace period, you can submit a "non-malicious overdue certificate" to the bank as soon as possible and repay it, and you can apply for cancellation of overdue records.

2. I am used to repayment on the repayment date.

This is a bad habit, because it is easy to lead to expiration. Because the bank's deduction time is different, the arrival time is different, and it takes time for inter-bank transfer. If the repayment is deducted before it arrives, it is overdue. We suggest paying it off one or two days before the repayment date.

3. You can't apply for a loan after the deadline.

Although overdue will have some bad effects, none of the overdue records will be blacklisted. Banks will evaluate the loan according to various factors such as the overdue time and amount, and applying for a loan may not necessarily fail.

4. Overdue records will be automatically eliminated within five years.

The credit report is indeed updated every five years, but if you want to automatically eliminate bad records, you must pay off the debts within five years and maintain a good credit record.

It is not needed after the deadline.

Don't use it after the deadline. No big deal. Such an idea is dangerous. If you don't pay back the money all the time, it will be overdue every month, and there will be more and more credit records on the credit record. It will definitely be blacklisted, and in serious cases, it will be regarded as malicious overdue by the bank and prosecuted by the bank.

6. If there are overdue records, cancel.

I also paid off my debt when it was overdue, but I cancelled my credit card because of overdue records. Some people will think so, but it is not as serious as the last one. It is not recommended to do so.

When applying for a credit card or loan, the bank will refer to the credit records of the past two years. Therefore, as long as we maintain a good credit record within two years, we can recover the adverse effects caused by overdue.