1. Will non-repayment of loan affect the use of credit card?

Hello, it does. Late repayment will have a negative impact on your personal credit.

2. Will the overdue insurance company loan affect the credit card limit?

If the bank’s insurance loan is not overdue. It will not affect your credit card limit. If it is from another bank, it will not affect the credit card limit.

3. Will overdue loans affect the use of credit cards

If the loan is overdue, whether the credit card can still be used normally depends on a detailed analysis of the specific situation: If the loan is not connected to the central bank’s credit reporting system If a loan issued by a loan platform is overdue, the overdue information will usually only be reported to the big data and will not be reported to the customer's personal credit report. Credit cards are related to credit reporting and have no direct relationship with big data, so overdue loans of this type generally will not affect the normal use of credit cards. And if the loan obtained from a bank or a licensed consumer financial institution connected to the central bank's credit reporting system is overdue, if the overdue circumstances are not serious, the overdue time is not long and the loan is paid off quickly, the loan has always been repaid on time before. If so, then this situation will not have a big impact on the use of credit cards. Although there will still be overdue records on the credit report, the bank is unlikely to directly freeze the card because of this. However, if the overdue circumstances are serious, overdue for a long time, the overdue amount is large, or even overdue before, it will inevitably cause serious damage to the customer's credit report, thereby indirectly affecting the credit card, and the card-issuing bank is likely to Because of the customer's credit problems, the card will be reduced or the card limit will be frozen directly. : After a loan is overdue, there will be the following consequences: 1. Penalty interest and liquidated damages will occur. After a loan is overdue, the first thing to do is to generate overdue penalty interest. Alipay's overdue penalty interest requirements: 1.5 times the original interest. Overdue interest = overdue amount and overdue days interest 1.5. The longer the overdue time, the higher the interest charged. So it’s best to pay it off as soon as possible after it’s overdue. If the payment is overdue for more than 3 months, and the amount exceeds RMB 10,000, and Alipay fails to make multiple reminders, the borrower will be detained. At that time, the borrower will not only have to pay back the money, but may also bear legal liability. 2. Before personal credit was damaged, only some Alipay users’ borrowings were subject to credit reporting, while Huabei was not subject to credit reporting. After Huabei Jiebei is overdue, Zhima credit score will be greatly reduced, and the impact on personal credit report will not be significant. After accessing the central bank's credit report, if Huabei Jiebei becomes overdue again, Alipay will upload the overdue behavior to the central bank's credit report system, and the overdue record will be reflected in the personal credit report. The information updates in the new version of the credit report are all in T1 mode, which means that once it is determined to be overdue, the credit report center will update the overdue record in the credit report the next day. Overdue online loans will lead to poor credit reporting. Credit reporting is proof of personal credit and can be regarded as a person’s “economic ID card.” When the credit report is bad to a certain extent, it will also have many adverse effects on our daily lives: 1. Impact on personal travel. If the personal credit record is blacklisted, for example, there is malicious default on bank loans and non-repayment, and the bank will be charged. This will result in the borrower being unable to fly, stay in a star hotel, etc. 2. Impact on employment. Some companies will conduct employee background checks before joining the company. If a bad credit record is found, they may think that the person has integrity problems and refuse to let him join the company. 3. Impact on children’s education and daily life. If parents are included in the list of dishonest persons, some schools that require political review may fail the child’s qualification review. More seriously, it will affect joining the army, applying for military academies, participating in civil servants, public institutions, etc. State-owned enterprise examinations, etc.

4. Will the overdue loan affect the use of the credit card?

If the loan is overdue, whether the credit card can still be used normally depends on the specific situation:

If it is If a loan issued by a loan platform that is not connected to the central bank's credit reporting system is overdue, the overdue situation will usually only be reported to the customer's personal credit report. Credit cards are linked to credit reports, so overdue loans will generally not affect the normal use of the credit card.

If the loan obtained from a bank or a credit reporting agency of the Central Bank is overdue, and if the overdue circumstances are not serious and the repayments have been made on time, then this situation will not cause much trouble. Impact, although the bank is still unlikely to directly freeze the card due to this in terms of credit reporting

But if the overdue circumstances are serious, overdue for a long time, the overdue amount is also large, or even overdue situations have occurred before , which will inevitably lead to a serious credit card issue for the customer. The card-issuing bank is likely to reduce the credit limit of the card due to the customer's credit problem, or directly freeze the card limit.

Tuo

After the loan is overdue, the following will happen

1. Penalty interest and liquidated damages

Penalty interest for overdue loan .

Alipay overdue penalty interest requirements:

Interest, overdue interest = overdue amount, overdue days interest, 1.5, the longer the overdue time, the interest charged will be paid off.

If the loan is overdue for more than 3 months and fails to be repaid, the borrower will be required to pay back the money and may also bear legal liability.

2. Personal credit damage

In the past, only some Alipay users’ borrowings were subject to credit reporting, while Huabei was not subject to credit reporting. After Huabei Jiebei is overdue, Zhima credit score will be greatly reduced, and the impact on personal credit report will not be significant.

After connecting to the central bank's credit report, if Huabei borrows the credit report and becomes overdue again, Alipay will transfer it to the bank's credit report system, and the overdue record will be reflected in the personal credit report.

The new version of the credit report means that once it is determined to be overdue, the credit reference center will update the overdue record in the credit report the next day.

Overdue online loans will lead to poor credit reporting, which is regarded as a person’s “economic ID card.” When the credit report is bad to a certain extent, the impact on our daily life will be:

1. Impact on personal travel

If there is a malicious default on a bank loan. This will result in the borrower being unable to fly, stay in a star hotel, etc.

2. Impact on employment

Some companies will conduct background checks on employees before joining. If a bad credit record is found, they may think that the person has integrity problems and refuse to let him join the job. .

3. Impact on children’s education and daily life

If parents are included in the list of dishonest persons, in some schools that require political review, the child’s qualification review is likely to fail, and even more serious It will affect joining the army, applying for military academies, taking exams for civil servants, institutions, and state-owned enterprises, etc.