As you often say, we often experience a situation in our lives in which we borrow from one party to repay another's loans, which is a strategy of financial management, which is "loaning". But there is a key question, namely, would there be an impact on the loans on one platform if I had to pass the loan

What's the difference between an overdue and multiple overdues

First of all, if you're pasting your loan on one platform, it's already starting to affect your approval on other platforms. This is because when your loan is overdue, it is usually reported in big data by the lending platform system, where it leaves a bad credit record. It is well known, however, that most of the online loan platforms are closely linked to large data systems, and that the large data records of applicants are basically consulted when reviewing applications for loans. If the loan approver finds out that you have a late record in your big data records, they are concerned that there will be a greater risk of lending and may therefore reject your loan application for credit。

In addition, we should note that some of the online loan platforms are already connected to the Central Bank's credit reporting system. This means that if your loan is overdue, this information may also be reported to the central bank's credit system. Once your overdue record has entered the Central Bank’s credit system, you may encounter difficulties in applying for loans from traditional banks or other licensed financial institutions。

What difference does it make between one overdue and more overdue? To put it bluntly, the negative impact of an Internet loan is relatively small, and if you have more than one loan, it means that you are in a state of serious delay, which has a much greater negative impact on the credit of individuals. Every overdue day will leave a stain on your credit records and generate additional overdue interest. Thus, the sooner the repayment is made, the more helpful it is to mitigate this negative impact。