It is suggested that the questioner raise money to repay the loan as soon as possible, otherwise it may have a serious impact on the credit record.
Under normal circumstances, once there are compensation and recovery records in the credit report, regardless of the amount, it is a serious overdue behavior, which will affect the subsequent loans. Compensation, as the name implies, is repayment on behalf of others. Today, with the rapid development of Internet finance, some online lending institutions choose to introduce insurance or guarantee companies to take risks. When a borrower applies for a loan, he must first pay an insurance or guarantee fee. Once the borrower fails to pay back the money within the time limit, the debt will be repaid by the insurance or guarantee company, and the creditor will be transferred to the latter by the online lending institution, and the relevant compensation information will be displayed on the borrower's credit report.