How would it affect us if the loan was overdue and recorded in the letter of call? This is the real problem that every borrower needs to understand in the Internet lending market today. Let's talk about this in detail。

What's the impact of over-invoicing

Letter records, maybe you think, relate only to credit ratings and credit card applications, but actually, it's just the tip of the iceberg. Above all, after the loan has expired, it is immediately recorded in the letter of call, an overdue record that will directly affect the credit rating of individuals. If you're down on credit, then you'll be more difficult to handle in the future。

In addition, failure to repay the loan on time could trigger a chain reaction such as auctions, mortgages, etc. In particular, at a time when the problem of overpayment of your Internet loans is very serious, you may even face legal and legal proceedings, which will have a negative impact on your personal life and work。

And then we'll talk about how we can fix this letter when the loan is overdue. First of all, you need to pay your overdue arrears immediately, to minimize the negative impact and to prevent a further decline in credit. Then you need to make sure that the loan is no longer overdue, because the frequent delays are more severe and difficult to repair. And finally, if you can, make your late records disappear. According to letter management regulations, an individual ' s bad credit record is kept for only five years from the date of the last misconduct. In other words, as long as you do not fall due within five years of the deadline, the letter of call records are automatically emptied, your personal credit is restored。