The accompanying payment is returned to the online credit information system. Generally, such loans are connected to the central bank's credit information system. As long as you are overdue, it will be uploaded to the personal credit information system. Personal credit information will show your overdue records, which will have an impact on your future application for loans, credit cards and financial services. If we want to eliminate overdue records, we must wait until five years later.

Micro-loan products are connected to personal credit information to help financial institutions evaluate users' personal credit status, and only truthfully feed back your historical usage records. At the same time, a good credit loan repayment record will become your "positive information", which is conducive to the accumulation of your personal credit level and a good credit certificate for applying for other loans.

Extended data:

If you borrow money from a bank, then the bank needs to know who you are; Need to judge whether you can repay on time; Have you ever borrowed money before? Is there any record of not paying back the money?

Before the appearance of credit investigation, you should provide a series of proof materials to the bank: proof of unit salary, etc. The loan officer of the bank should also call your company. It will be two weeks or more before the bank tells you whether to lend you money. It's really that the bank is tired and you are bored. Borrowing money is really troublesome.

The appearance of credit investigation makes it easier for banks to know your credit status: they hand over their credit information about you to a special institution for summary, and this special institution will establish a credit file (that is, a personal credit report) for you and then provide it to banks for use.

This activity of sharing credit information between banks through a third-party organization is credit inquiry, in order to improve efficiency, save time and do things for you quickly. With the intervention of credit reporting agencies and credit reporting, when you borrow from the bank again, the bank loan officer can check your credit reporting with your consent, and then spend some time focusing on verifying some problems, and will soon tell you whether the bank will provide you with loans. Banks save trouble, you worry.

In China, the Credit Information Center of the People's Bank of China (hereinafter referred to as the Credit Information Center) is a specialized institution that establishes your "credit file" and provides personal credit information for commercial banks.

Baidu Encyclopedia-Zheng Xin