1. Definition: Three consecutive days and four days overdue means that the borrower fails to repay the principal and interest on time for more than three working days after the repayment date agreed in the loan contract.
2. Impact: Even if it is overdue for three times, it will have a certain impact on borrowers and lending institutions. For borrowers, continuous overdue may lead to the deterioration of credit records, thus affecting future credit loans and credit card applications. For borrowing institutions, it may lead to an increase in the risk of creditor's rights, especially in the case of large-scale overdue creditor's rights.
3. Treatment: In case of overdue for three consecutive days, the borrowing institution will generally take the following measures to deal with it:
-Collection: Remind the borrower to repay the loan by telephone, SMS, email, etc. To urge the borrower to perform the contract on time.
-Collection: If the borrower still fails to repay the arrears, the borrowing institution can send a collection team to contact the borrower directly and ask him to repay the loan on time.
-Legal proceedings: As a last resort, the borrower can recover from the borrower through legal channels, which may lead the defendant to go to court and enforce it.
Summary: Three days in a row and four days overdue means that the borrower fails to repay the loan principal and interest on time after the agreed repayment date. This kind of behavior will have an impact on both borrowers and lenders, and corresponding measures need to be taken to safeguard the rights and interests of both parties.
Extended data:
It is common for the loan industry to be overdue for three times in a row, which is of great significance to maintaining financial order and risk prevention and control. In order to avoid the occurrence of overdue loans, borrowers should strictly evaluate their repayment ability before lending, and arrange financial plans reasonably to ensure that the loan principal and interest can be repaid on time. At the same time, lending institutions should also strengthen risk management, improve the rigor of credit review, and ensure that borrowers have repayment ability.