What do the overdue accounts m1m2M3 mean?

The "m" here is actually the initial letter of "Months" in English, which is translated into Chinese as "month", so "m1, m2, m3" represents a time period. The time period referred to by "m1" is "between the second billing date of non-repayment and the last repayment date of the second bill". During this period of time, the bank adopts a reminder collection method, and imposes penalty interest on unpaid amounts and charges late payment fees. The time period referred to by "m2" is "between the third bill date of non-repayment and the last repayment date of the third bill." During this time, bank collectors will call to inform you of the consequences of non-payment. If necessary, we will contact the debtor's relatives and friends to assist the debtor in repaying the debt. The time period referred to by "m3" is "between the fourth bill date of non-payment and the final repayment date of the fourth bill." During this period of time, banks adopt a forced repayment approach, and collectors will require debtors to repay through phone calls, text messages, and letters from lawyers.

Loan terms:

1. Monthly management fee

The so-called monthly management fee is based on the initial borrowing amount, and the monthly interest rate is Interest charges are calculated based on the remaining principal each month. With the changes of the times, a wide variety of charges have emerged in the loan market. Among them, the monthly management fee is the protagonist. In many cases, it has eliminated the role of the monthly interest rate and is particularly related to loan interest. close. In addition, in addition to the different names of the two, there are also big differences in the calculation methods.

2. One-time handling rate

The one-time handling rate means that the handling fee for this loan business is only charged once and will not be charged repeatedly in the future.

3. Monthly interest of X cents

Monthly interest of X cents is a commonly used term for private loans. The "cent" here refers to one percent. For example, if the monthly interest is 3 cents, it means that the monthly interest is 3% of the loan amount. If the loan is 100,000 yuan and the loan is used for two months, the interest will be 6,000 yuan.

4. Multi-head loan

Multi-head loan means that the borrower borrows from multiple banks or private institutions at the same time to effectively fill the funding gap. To put it simply, an individual or a company (one company) borrows money from multiple banks.

5. Revolving credit

The characteristic of revolving credit is that after the customer obtains a certain loan limit from the bank, the customer can withdraw funds in installments and recycle them within the period, and the withdrawal does not exceed the available limit. When making a single payment, the customer only needs to fill in the withdrawal application form, and no special approval is required. Cash can usually be withdrawn in one hour. It is more suitable for individuals’ capital demand characteristics of “small amount, urgent requirements, fast turnover and retailization”.

6. Bad credit

Credit stains are also called bad credit records. After a bank customer applies for a loan, due to some reasons, the repayment is overdue, which is a credit stain. Different banks have different standards for approving personal credit records. As time changes, consumers' economic conditions and repayment situations will also change. Banks will not always pay attention to consumers' early bad credit records.

What does collection m1m2m3 mean?

Collection m1m2m3 refers to the overdue time, m1 is a customer who is one month overdue, and m2 is two months overdue. If the user is overdue for a long time, the intensity of collection will be different. Furthermore, when the amount of overdue debt is large and the time is long, it will be fined. After the judgment, it is still impossible for the user to decide not to do so.

In order to avoid being unable to repay the loan on time, users must measure their repayment ability when applying for a loan. If the personal income is relatively high, then you can borrow with confidence. If your personal income is not very high, you can reduce the loan amount or give up the loan.

It should be noted that overdue repayments will be uploaded to the credit reporting center. When personal credit becomes bad, it will affect the processing of various loans, and after the debt is repaid, the loan will be repaid. It will be kept in the credit report for 5 years. After 5 years, it will automatically disappear and will not be kept forever.

Users should generally choose formal platforms when borrowing money. It should be noted that when the loan amount is relatively large, it is best for users to go to the bank to apply for a loan, because the loan interest rate given by the bank is low, but the The conditions are relatively high, and it takes more time to process the loan.

What do MOB, C-M1, M1, and M2 mean in P2P credit companies?

1.C, M1, M2: nouns describing overdue buckets. Among them, credit MOB means: the current month of the credit loan. C refers to the current normal non-overdue loan, M1 is overdue for one period, and M1 is overdue for one period (inclusive) or more. C-M1: is an indicator for calculating the migration rate followrate. C-M1=asset balance M1 at the end of n months/C’s loan balance at the end of the previous month.

2. P2p loans are: Online p2p loans are currently the most popular, mainly based on individuals lending money to individuals. The so-called p2p online loan, simply put, means that individuals with funds and financial investment ideas use intermediaries to match up and use credit loans to lend funds to other people with borrowing needs. Formal lending platforms include: Nowadays, there are many loan platforms on the Internet, but we often see a lot of them going bankrupt and running away. People’s image of lending platforms is a bit unreliable, so be sure to choose formal and Qualified lending platforms, such as Jiufu Wanka, Shengbei, Alipay, WeChat Weilidai, 360 IOU, Youqianhua, etc.

3. Consequences of owing an online loan: (1) Being collected. On the day the online loan is overdue, platform collectors will call and send text messages to urge repayment. If the loan is repaid within three days, The number of phone calls made every day will increase, and third-party emergency contacts filled in when taking out loans will also be contacted to urge borrowers to repay. The list of debtors who have not repaid for more than three months will be outsourced to a collection company. The collection company has many methods of collection and will not give up collection until the debtor repays. (2) Penalty interest and liquidated damages. Online loan interest is high, and overdue penalty interest and liquidated damages are even higher. Calculated based on compound interest, the longer the overdue period is, the higher the penalty interest and liquidated damages will be, and the greater the personal repayment pressure will be. big. (3) Impact on credit reporting. Many online loan platforms are now connected to the central bank’s credit reporting. For users who have not repaid their loans for a long time, bad loan records will be directly uploaded to the credit reporting system. Later, it will be very difficult to apply for home loans and car loans at banks. . (4) The debtor, this is the platform’s final collection method, contact the law firm to send a lawyer’s letter to the debtor.

1. What should citizens do if they owe too much online loans?

After applying for an online loan, they should repay according to regulations. Of course, if it is an illegal online loan, you can only repay the principal. If it is a legal online loan, the repayment should be in accordance with the agreement in the contract. Issues related to online lending should be determined in accordance with the circumstances stipulated in relevant laws. Especially when the parties sign a contract with an online lending company, they need to submit relevant materials and make a legal determination. If the online lending contract contains relevant illegal situations, So obviously it cannot be legally identified.

What does the M in M1M2 mean in credit card collection? What is the abbreviation for M1M2M3 specifically?

It is generally understood that M is the abbreviation of repayment months (Months). The time period referred to by "M1" is "between the second bill date of non-payment and the last repayment date of the second bill." During this period of time, the bank adopts a reminder collection method, and imposes penalty interest on unpaid amounts and charges late payment fees.

The time period referred to by "M2" is "between the third bill date of non-repayment and the final repayment date of the third bill." During this time, bank collectors will call to inform you of the consequences of non-payment. If necessary, we will contact the debtor's relatives and friends to assist the debtor in repaying the debt.

The time period referred to by "M3" is "between the fourth bill date of non-repayment and the final repayment date of the fourth bill." During this period of time, banks adopt a forced repayment approach, and collectors will require debtors to repay through phone calls, text messages, and letters from lawyers.

Credit cards are issued by banks. Banks are not charities, but commercial institutions. The core purpose of banks issuing credit cards to everyone is to make money, so when everyone is overdue, the bank will definitely Try every means to get the money back. At this time, overdue users will face various collections.

First, don’t deliberately avoid bank collection. Bank collection is the duty of banks, but you don’t have to worry too much about bank collection. After all, banks are formal financial institutions officially established by the China Banking and Insurance Regulatory Commission, and according to my country’s relevant policies and regulations, banks cannot use violent collection methods to collect money. The customer collects the debt. Therefore, in the face of bank collections, you do not have to deliberately avoid them, but you must bravely face various bank collections. One advantage of doing so is to avoid being suspected of malicious overdrafts.

Second, do your best to pay back some money every month. If everyone's overdue amount is relatively large, such as 50,000 yuan, and the overdue time is relatively long, and at the same time, when faced with the bank's collection, everyone ignores it, or even takes confrontational measures to avoid the bank's collection, that is It is very likely to be judged as a malicious overdraft. According to the current laws of our country, if the amount of malicious credit card overdraft reaches more than 50,000 yuan, it may be deemed as a credit card crime and you will be held criminally responsible.

Third, try to negotiate with the bank for installment repayment. According to the relevant regulations on credit card management in my country, if the repayer is really unable to repay the credit card bill, but still has the willingness to repay, the bank should negotiate repayment with the debtor, and the final solution for negotiated repayment is basically to suspend interest and suspend the debt. , that is, the bank stops charging interest, and then repays the amount owed by the debtor in installments, but the maximum installment period cannot exceed 5 years.