1. Decline in credit score: Overdue credit card will lead to a decline in personal credit score. By collecting and processing personal credit information, credit reporting agencies generate credit scores, which are used to measure personal credit status. Overdue repayment will be regarded as the performance of poor credit, which will have a negative impact on the credit score and reduce the personal credit rating.
2. Credit record is damaged: the overdue credit card will leave a record in the personal credit record. Credit record is a personal credit history kept by credit reporting agencies, which records personal credit behavior and repayment records. Once there is a record of overdue repayment, it will have a negative impact on credit records and become an important reference for other financial institutions to evaluate personal credit status.
3. Poor loan conditions: After the credit card is overdue, individuals may encounter higher interest rates, stricter approval conditions or rejection when applying for loans in the future. Financial institutions will consider personal credit history when deciding whether to provide loans, and the record of overdue repayment will make financial institutions more cautious in evaluating personal credit risk and adjust loan conditions.
to sum up, one overdue credit card will have adverse effects on personal credit information, including the decline of credit score, the damage of credit record and the deterioration of loan conditions. Therefore, it is suggested that everyone develop good repayment habits and pay off the credit card arrears on time, so as to maintain a good credit status and obtain better lending conditions and financial services.
Extended data: Credit investigation refers to the collection, arrangement, management and inquiry system of credit information. The main credit agencies are the Credit Center of China People's Bank and several other private credit agencies. Credit reporting agencies collect personal credit information, such as loan records, credit card usage, repayment, etc., to generate personal credit reports and credit scores for reference by financial institutions and individuals. Credit information has an important influence on personal lending and financial activities. Overdue credit card is an important bad credit record in credit investigation.