1. How to get a loan if your credit card debt is overdue

1. The personal information collected by the personal credit information basic database mainly includes three categories. One is identification information, including name, identity Certificate number, home address, workplace, etc.; second, loan information, including loan-issuing bank, loan amount, loan term, repayment method, actual repayment record, etc.; third, credit card information, including card-issuing bank, credit limit, repayment Records etc. If you are one day overdue, your original letter will not be listed on the report. 2. Bad records cannot be canceled manually if they are not caused by the bank. Bad records due to overdue personal loans will remain forever. Bad records caused by overdue credit card repayments can be recorded as monthly repayments 24 months after normal repayments. (There is a possibility of system update lag, which may be postponed by 2-3 months) 3. In foreign countries, the general personal credit database with negative records was established in 2005, and there is currently no exact regulation on the withdrawal time. 4. You can go to the local People's Bank of China Credit Information Management Office with your ID card to check your personal credit report.

2. What will be the consequences if your application for a personal credit loan is overdue?

First of all, there may be penalty interest, which is liquidated damages. Although the policies of each lending institution are different, in general, banks will be more vocal than lending institutions. If a credit loan is overdue, the lending institution will first call to collect the loan to remind the borrower to repay. At the same time, the interest rate will rise as a daily penalty interest. The intensity of penalty interest varies from lending institution to lender, but banks generally do not charge penalty interest unless it is malicious overdue repayment. But the penalty charges charged by lending institutions may be even higher.

Secondly, it will also produce a bad credit record, which will affect future loans and credit card applications. Whether it is a credit loan or another loan, after it is overdue, bad records will inevitably be left on your credit report. If the overdue circumstances are serious, your mortgage and car loans may be affected. Penalty interest is only a monetary loss, but a bad credit record is a loss of intangible assets, and the impact cannot be compensated by money

3. What to do if the credit loan cannot be repaid

If you really do not have the ability to repay, you should negotiate with the bank or lending institution to extend the repayment period or repay in installments.

The consequences of non-payment of credit loans:

1. If the lending institution or bank fails to fulfill the judgment within the performance period after winning the lawsuit, it will apply for enforcement

2. When accepting enforcement, the property, vehicles, securities and deposits in the name of the lender will be inquired according to law.

3. If the lender has no executable property in its name and refuses to fulfill the effective judgment, negative information such as overdue repayment will be recorded in the personal credit report and high consumption and entry and exit restrictions will be imposed. There is even a possibility of judicial detention.

4. If the person has the ability but refuses to execute, he is suspected of refusing to execute the judgment or ruling.

Extended information:

Credit loan business is mainly handled through banks, loan companies, and electronic financial institutions. Domestic banks with credit loan products include China Merchants Bank, Citibank, Standard Chartered Bank, Ping An Bank, Bank of Ningbo, etc.

Credit loans (credit borrowing) are booming in China. Although it has not been around for a long time, all parties are actively launching products to compete for the market. The loan company's credit loan has a limit of about 20,000-300,000 and an interest rate of 1.5-3. Some of the loan companies are commonly known as loan companies. This type of product is characterized by fast speed and flexible credit limit, but the cost is hidden in fees and other charges. The actual loan cost is much higher than the advertised interest rate.