A credit card that is overdue for 5 days will have an impact on your personal credit report. A credit card that is overdue for more than 3 days will have a credit report and affect your personal credit record.

1. "Tolerance" overdue

If the cardholder has insufficient repayment in the current period, and the unpaid portion of the account after the due payment date is less than or equal to a certain amount , it should be regarded as full repayment by the cardholder, and the outstanding amount will automatically be transferred to the next bill. In this case, it will not be recorded in the bad credit report.

The tolerance amount is generally within 10 yuan, but different banks have different tolerance policies, such as China Merchants Bank, Communications, Hua Xia, Pudong Development Bank, Industrial Bank, etc.

2. "Tolerant time" overdue

On the day when the repayment is due, if the cardholder fails to repay in time, there is a grace period. Within the grace period There will be no interest penalty for repaying the money, and it will not be uploaded to the credit reporting system. But if you still haven’t paid back the money after the grace period, it will most likely be uploaded to the personal credit system. The grace period of each bank is also different. Most banks have a grace period of 3 days (this is a natural day, not a working day).

With the development of the market economy, enterprises, companies or individuals have an increasing demand for loans, but there are still many things about loans that are unclear to us ordinary people. Here I will summarize some basic financial knowledge about loans for everyone, so that everyone can learn from each other.

Loans seem to be a very simple matter, just borrow money from others, and then pay back the money plus interest. In fact, lending is a very professional and technical job. If you don’t know some financial knowledge, it is easy to get a loan that is not what you want. In order to help everyone better learn and understand loan-related knowledge, we have summarized ten points of basic loan knowledge.

1. What are the common forms of loans, and what are their characteristics and advantages?

Loan forms are divided into two categories: "credit loan and mortgage loan".

2. What is the difference between "lender" and "borrower"?

In lending behavior, most people do not know what "lender" and "borrower" are.

Lender: refers to a person or financial institution that uses credit funds or its own funds to issue loans to borrowers in lending activities, generally refers to commercial banks and central banks.

·Borrower: refers to an enterprise, institution or individual that borrows monetary funds from a lender by using its own credit or property as a guarantee or a third party as a guarantee in credit activities.

To put it simply, when you borrow money from a bank, you are the borrower and the bank is the lender.

3. What are the common repayment methods?

Common repayment methods include: equal amounts of principal, equal amounts of principal and interest, one-time repayment of principal and interest, and interest first and principal later.