detailed description:
1. The bank first takes the repayment date specified in the loan or credit card bill as the reference point.
2. if the customer pays off all the arrears before the specified date, there will be no overdue times.
3. if the customer repays the loan after the specified date, but makes up the arrears within a certain period of time (usually 3 days), the bank may regard this as one overdue.
4. if the customer fails to repay the arrears after the specified date, and it exceeds a certain time (usually 3 days), the bank will regard it as overdue.
5. Every time the arrears are not returned on time, they will be counted as overdue times, which can be accumulated.
summary: the overdue times of banks refer to the cumulative times that customers fail to repay on time. If the customer pays off all the debts before the specified date, there will be no overdue times. Otherwise, every time you fail to repay the arrears on time, the number of overdue times will increase.
Extended information: The number of overdue times is one of the important indicators for banks to evaluate customers' credit status. For customers with more overdue times, banks may think that their repayment ability is insufficient and their credit risk is high, which may lead to the rejection of loan or credit card applications or higher interest rates. Customers should pay attention to repayment on time to maintain a good credit record.
In the past, bank data and policies often changed. It is suggested to consult specific banking institutions to obtain the latest calculation method and policy explanation of overdue times.