The detailed explanation is as follows:
1. Credit rating is based on personal credit status and is divided into multiple grades. The better the credit status, the higher the credit rating, otherwise the lower the credit rating.
2. Nine times in loans overdue and two overdue credit cards are all bad credit. The number of loans overdue shows that users have a great delay in each repayment, and the number of overdue credit cards also shows that users are in arrears in credit card repayment.
3. Credit rating agencies will rate users according to their credit status. Common credit grades are divided into A, B, C, D and E, where D is a lower grade, which means poor credit status. According to loans overdue, the credit card was overdue for 9 times and 2 times, so this user's credit rating is likely to be D-level.
4. Credit rating is an important factor that financial institutions will refer to when handling loans, credit cards and other businesses. A credit rating of D means that users may face higher loan interest rates, loan quota restrictions and the risk of being refused certain financial services.
5. Users are advised to repay overdue loans and credit cards as soon as possible, and actively improve their personal credit status and credit rating.
The above conclusions are based on loans overdue's nine times and the overdue credit card twice. Without more information, we can preliminarily judge that the credit rating of the user is D, which means that the credit status is poor. Credit rating will have a certain impact on personal loans, credit cards and other businesses. It is suggested that borrowers should repay overdue loans as soon as possible to improve their personal credit status. Personal credit is of great significance to financial transactions and credit life.
Extended data:
Credit reporting agencies are generally established by the government or financial institutions, and are mainly responsible for collecting, sorting out and analyzing personal credit information and evaluating personal credit level. Credit rating is based on personal credit status, and bad credit records such as loans overdue and overdue credit cards will have a great impact on credit rating. The main credit institutions are the Credit Information Center of the People's Bank of China and many commercial credit institutions, such as China Credit Information Service Co., Ltd.
Credit rating is one of the important bases for financial institutions to consider when deciding whether to issue personal loans, credit card quotas, house leasing, etc. Generally speaking, the higher the credit rating, the better the individual's credit status in the financial field, and the products and services he enjoys will be more advantageous. On the contrary, individuals with low credit ratings may be subject to various restrictions, such as higher loan interest rates, credit limit restrictions, and difficulties in business applications.
Therefore, maintaining a good credit record and credit rating is very important for personal financial management and credit life. Borrowers should make reasonable financial planning according to their own actual conditions, repay loans, credit cards and other debts on time, and avoid overdue and default, so as to maintain and improve personal credit rating.