detailed description:
1. Overdue record: The credit report will show the overdue record of your credit card, that is, the total number of overdue times per month. After 5 months overdue, the credit report will show your continuous overdue, which will have a great negative impact on your credit record.
2. Credit rating decline: Your credit rating will decline after 5 months overdue. Credit rating is determined according to your credit history and repayment behavior. Overdue records will seriously damage your credit rating and lead to a decline in credit score.
Summary:
After 5 months overdue, your overdue record and lowered credit rating will be displayed on the credit report. Overdue records will have a long-term impact on your credit history, while the decline in credit rating will affect the credit limit and interest rate of financial products such as loans and credit cards you apply for.
Extended information:
Besides overdue records and declining credit rating, there may be other consequences after overdue for 5 months. For example, banks may take other measures, such as collection and lawyer's letter, to recover overdue payments. At the same time, overdue may also lead to the freezing or closing of credit card accounts, further limiting your financial activities.
therefore, we strongly recommend that you always pay back on time to avoid overdue credit cards. If you can't repay the loan on time, please contact the issuing bank in time, actively communicate and seek a solution. Taking timely action can reduce the negative impact and protect your credit history.
please note that the above information is only for China users, and the answers are given according to the general handling methods under normal circumstances. The specific situation may be different due to personal credit records, banking policies and other factors. For the most accurate and specific information, please consult relevant banks or credit institutions.