Further understanding of the viability of Internet-based loans after they have expired is key. Because not all loan products affect your credit reports. For example, some of them will not appear on the letter when you are overdue, so that the settlement has no effect on your credit report and the loan repayment is invisible in the credit report. Therefore, the reapplication of a letter of credit is not affected. If, however, the overdue loan is reported to the Internet or to the 100-year letter, when applying for the loan, the loan data of these institutions will inevitably be referenced and may affect your application process. At this point, the specific time would depend on the specific requirements of the lending institution, perhaps one year after the end of the year。

How long after the loan is due, we can relocate

Now, let's see what happens if the overdue loan goes on. If overdue, credit reports would have a bad credit record. In such cases, applications for pure credit type loans are often refused directly. If you want to apply for a mortgage in kind, such as a mortgage or a car loan, the number of overdues must remain within six in the next two years, which may not exceed 90 days. Otherwise, even after-serviced loans are settled, they can easily be quickly rejected。

Then let's discuss what happens if you're over 90 days late. In this case, you will be classified as a malicious overdue, i.e., a black letter. In this case, when you apply for a loan again, the possibility of a successful loan is considerably reduced。

However, there are happy times on the silver side, and if you wait five years after the overdue loan is closed, the bad record on the credit report will automatically disappear. This means that you can apply for other loans again without fear of any negative impact。

In conclusion, I would like to stress that if your online loan is overdue, it must be paid in time. Only in this way can you minimize the negative effects of delays。