Detailed description:
1. Credit record is one of the important bases for financial institutions to evaluate personal credit status. The record of overdue repayment is regarded as a sign of bad credit, which may lead to the rejection of loan application or the increase of interest rate.
2. The overdue repayment records will be submitted to the credit reporting agency, which will integrate the records into the credit report for financial institutions to inquire and refer to. Banks will carefully consider the borrower's credit history when approving loans, including the punctuality and completeness of repayment.
3. The record of overdue repayment usually lowers the credit score, leading to the decline of the borrower's credit rating. If the credit rating is lowered, it will be more difficult to buy a house loan, because financial institutions pay more attention to the borrower's repayment ability and risk tolerance.
4. Users are advised to check their credit records on credit big data platforms such as Netdome Data, understand their credit status, and actively take measures to improve their credit, such as timely repayment and avoiding overdue repayment.
Summary:
The record of overdue repayment will have a negative impact on housing loans, including the possibility that loan applications are rejected or interest rates are raised. Users are advised to check their credit records regularly and improve their credit status in time.
Extended data:
In China, the credit information system is managed by credit information institutions, which mainly includes the credit information of the People's Bank of China, hundreds of banks and Netdome data. These institutions will collect credit information of individuals and enterprises and form credit reports for financial institutions' reference. The record of overdue repayment is one of the important contents in the credit report, which has a direct impact on the loan application. Therefore, maintaining a good credit record is very important for housing loans.