Long-term overdue refers to the long-term overdue loan, that is, a single borrower fails to repay the loan demand from two or more financial institutions. Because the repayment ability of a single user is extremely limited, multi-party borrowing must contain high risks. When the borrower has a long-term loan, it shows that the borrower's capital demand is very difficult, and its repayment ability is worth pondering.

Extended data:

When can the loan record be eliminated?

1. Loan products with credit information will be eliminated after the lender has settled the overdue amount for five years.

2. It will take about 1 year to eliminate overdue records if multiple loans overdue records are collected online.

3. Moreover, after the reform of the new version of credit information, the use records of loans and credit cards within five years will now be displayed, that is to say, as long as the credit information is received, it will be eliminated if it is settled five years in advance. If it is not overdue, it will display the personal credit inquiry records within two years, not two years ago.