1. Calculation of overdue time: The overdue time of a loan is usually calculated from the day after the repayment date. If the loan is not repaid within one day after the repayment date, it shall be deemed as overdue. If it is overdue for more than 90 days from the first time, it will be regarded as a bad record.
2. Impact of bad records: Once regarded as bad records, it will have a serious negative impact on personal credit. Bad records will be reported to China People's Bank's personal credit information infrastructure (personal credit information institutions) and recorded in the credit information report. This will reduce your credit evaluation in financial activities such as loans and credit cards, and increase the difficulty for other financial institutions to approve your loan application.
3. How to deal with bad records: If you regret being the holder of bad records, you can reduce its impact on personal credit in the following ways. First of all, pay off overdue loans as soon as possible to ensure that all debts will be paid off on time in the future. Secondly, actively communicate with creditors and negotiate repayment plans. In addition, you can seek the help of professional credit repair services to help restore personal credit.
To sum up, loans overdue's bad record is more than 90 days overdue. It is suggested that everyone should pay back on time strictly under any circumstances to avoid the adverse impact of bad records on personal credit.
Extended data:
According to the latest regulations of China Banking Regulatory Commission, more than 90 days in loans overdue will be regarded as a bad record. In addition, there may be some local regulations in different places, and there may be different definitions and treatment methods for loans overdue. Therefore, under specific circumstances, it is recommended to consult relevant financial institutions or professionals to obtain accurate information and suggestions.