Detailed description:
1. Credit system: China has a credit system for recording personal credit information. Banks and other financial institutions usually check the borrower's credit report when approving loans.
2. Overdue records: individuals who fail to repay on time within the repayment period will have overdue records. Overdue records will be recorded in the credit report, which will have a negative impact on personal credit rating.
3. Loan to buy a car: Even if there is overdue record, you can still apply for a loan to buy a car. Some financial institutions are relatively loose and have policies to provide loan services to borrowers with bad credit.
4. Influencing factors: The success of loan application depends on many factors, including credit indicators such as the number, severity and duration of overdue records.
5. Interest rates and conditions: For borrowers with overdue records, banks or financial institutions may require higher interest rates or provide stricter repayment conditions to reduce risks.
Summary:
Individuals with overdue credit records can still borrow money to buy a car, but the loan application may be subject to certain restrictions and conditions. Whether the loan can be successful depends on the personal credit situation and the policies of financial institutions.
Extended data: