Being 10 or 15 days overdue on your credit card payment may affect your loan application.

Details:

1. Credit record has an important impact on loan approval. Late payments can leave a negative mark on your credit report, which can lower your credit score and make your loan application riskier.

2. Lending institutions usually scrutinize the borrower's credit history. Late payments indicate a borrower is having difficulty managing finances and may be considered less creditworthy, reducing the likelihood of loan approval.

3. A shorter period of late payment may have less impact on the loan application, but a longer period of late payment will have a greater negative impact on the loan application. Lending institutions pay more attention to the repayment record within the past one or two years and use it as an important reference when deciding whether to approve a loan.

4. In addition, late repayment may also result in additional penalties and interest charges, further increasing the pressure of loan repayment. This may also be viewed by lenders as a financial risk to the borrower, affecting the outcome of the loan application.

Summary:

Being 10 or 15 days overdue on your credit card payment may have a certain negative impact on your loan application. Lending institutions pay more attention to the borrower's credit history. Late repayments will lower the credit score and put the loan application at higher risk. A longer period of late payment will have a greater negative impact on the loan application, while a shorter period of late payment may have less impact on the loan application.

Extended information:

Late payment on a credit card may not only affect your loan application, but may also have other negative impacts on your personal credit record. For example, late payment records may result in increased interest rates, reduced credit limits, and restricted credit card functions. Therefore, timely repayment is an important step to maintain good personal credit. If an unexpected situation occurs that prevents repayment on time, it is recommended to contact the bank or credit card issuer promptly and seek a solution to avoid further overdue problems.