Does overdue credit affect credit investigation (does overdue credit affect credit investigation)

Overdue credit will affect credit investigation.

Detailed description:

1. Credit investigation refers to the recording and evaluation system of personal credit information, and forms a personal credit report by collecting personal credit behavior and credit records. Credit information has an important impact on personal loans, credit cards, leasing and employment.

2. Overdue credit refers to the borrower's behavior of delaying repayment or failing to repay after the agreed repayment date. This kind of behavior violates the loan agreement and will produce bad credit records.

3. Overdue credit will have the following effects on the credit report:

-Credit records are damaged: banks and other financial institutions will notify credit reporting agencies of overdue records, which will be recorded in personal credit reports. Overdue records will reduce personal credit rating, and it is more difficult to get approval when applying for loans or credit cards.

-Decline in credit score: Credit score is a score calculated based on various information in personal credit report. Overdue records will lead to a decline in credit score. The lower the credit score, the lower the personal credit rating, and the smaller the chances of obtaining loans and credit cards.

-Rising interest rate: As overdue records will lower personal credit rating, banks may raise the loan interest rate to offset the risk when reviewing loans. This means that overdue people need to pay higher interest when handling loans.

4. To sum up, overdue credit will have a negative impact on personal credit investigation, reduce credit rating, increase the difficulty of obtaining loans and credit cards, and may lead to an increase in interest rates.

Extended data:

In addition to personal loans and credit card applications, overdue credit may also affect other aspects. For example, in the process of employment, some companies will investigate personal credit status, and overdue credit will leave a bad impression on employers and affect job seekers' employment opportunities. At the same time, in the process of renting, the landlord may also evaluate the tenant's credit status, and overdue credit may lead to rejection of the rental application or request for more deposit.

Summary:

Overdue credit will have a negative impact on credit investigation, reduce personal credit rating and credit score, make it more difficult for individuals to obtain loans, credit cards, employment and renting houses, and may lead to an increase in interest rates. Therefore, borrowers should repay on time, avoid overdue and maintain a good credit record.

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