If loans overdue stays for one day, it will be reported to the Credit Bureau. Overdue repayment refers to the borrower's failure to repay on time. As a lending platform, borrowers generally report relevant information to credit reporting agencies after one day overdue, which will affect the borrower's personal credit record.

This report will have the following effects on borrowers:

1. Credit record is damaged: the credit reporting agency will record the overdue repayment information in the personal credit report, which will reduce the borrower's credit score. Credit score is an important index to evaluate personal credit status. Low credit score may make it difficult for borrowers to borrow money, buy a house or buy a car in the future.

2. Difficult to obtain credit: The record of overdue repayment will have a negative impact on the borrower's credit evaluation, making it more difficult for him to get approval when applying for a loan. When financial institutions consider whether to lend money to individuals, they usually refer to their credit records. The record of overdue repayment will make the borrower's credit status poor, thus reducing the chances of obtaining loans.

3. High-interest loan: Even if the borrower is approved for a loan because of his poor personal credit record, he may have to pay a higher interest rate. When financial institutions provide loans, they usually determine the interest rate according to the borrower's credit status. Borrowers with poor credit records may face higher interest rate requirements, thus increasing the borrowing cost.

In short, the auction of loans overdue for one day will affect the credit information, and overdue repayment will have a negative impact on the borrower's personal credit record, reduce the credit score, make it difficult to obtain credit, and may also lead to high-interest loans.

Extended data:

A credit reporting agency refers to an institution established and operated according to law and specialized in credit reporting business, which mainly evaluates and records the credit status of individuals and institutions. At present, the main credit reporting institutions in China are the Credit Reporting Center of the People's Bank of China, the Microfinance Center of the People's Bank of China, and emerging credit reporting institutions. The data of credit reporting agencies has an important reference function for financial institutions to provide loans, credit cards, insurance and other services.