Description:
1. Credit score: The credit score in the credit report is a comprehensive evaluation based on personal credit records and behaviors, and overdue repayment will reduce the credit score.
2. Application materials: the record of overdue repayment will be recorded in the credit report, which may affect the application results of loans, credit cards or other financial products in the future.
3. Overdue risk: When banks or financial institutions consider whether to provide loans or credits to you, they will refer to the overdue repayment records in your credit report. More overdue records may increase your risk.
Even if it is only two or three days overdue, it will leave a record in the credit report and may have a certain negative impact on personal credit.
Summary:
Overdue repayment of credit cards will have an impact on personal credit, so timely repayment is an important step to establish a good credit record. Maintaining a good credit record can provide more choices for your future financial activities, and it is easier to obtain financial products such as loans and credit cards.
Extended data:
Overdue repayment not only affects personal credit, but also may lead to the accumulation of extra expenses and interest, and may even lead to legal disputes. Therefore, it is suggested that when the repayment is overdue, contact the bank or financial institution as soon as possible and negotiate with it to make a reasonable repayment plan to avoid further negative consequences. Maintaining good repayment habits is one of the important factors to keep personal credit healthy. We can help manage personal finances by setting up automatic repayment reminders and rationally planning expenditures.