The consequences of overdue repayment of Xiaomi's star loan are as follows: from the overdue date, the penalty interest rate is 0.5 times of the loan interest rate of 65438+; At the same time, overdue records will be uploaded to the credit information, which will affect the user's personal credit information; Users cannot apply for other loan products in Xiaomi Finance; During the overdue period, you will receive a dunning call or overdue text message.

: 1. Loan collection method:

1. Send SMS notification: Online lending companies will send SMS reminders to borrowers who are less than one week overdue.

2. Call and ask: If it is overdue for about a week, the overdue person will receive a call from the online lending institution. If I can't contact you, the small loan company will contact the emergency contact or the contact information of relatives and friends left when you borrow money.

3. Bomb the address book: You usually authorize the address book to the small loan APP before the loan. When you are seriously overdue, they will pick some people you often contact to collect money.

4. Door-to-door collection: The cost of this collection method is too high, generally only for debtors with large loan amount and long overdue time. Note that it is illegal to make verbal and physical threats when collecting money at home, which may even constitute a crime.

If you ask the court for adjustment, you will send a lawyer's letter or a reminder to your residence.

6. Issue a court summons for direct prosecution.

2. How to wash away too many online loan applications?

1, you can choose partial settlement first: the amount of online loans is mostly small. It is suggested to list some factors that affect credit reporting and pay it off as soon as possible, so as to reduce your debt ratio and avoid leaving a tainted record because of overdue.

2. Reduce your application record: six months ago, don't apply for online loans or other bank loans. It is best not to apply for credit cards. Leave a recovery period for the risk index to recover below, and it will be easier to apply for loans in the future;

3. Don't tamper with the online loan link: Some loan products can not only be used for credit investigation after you apply, but sometimes even if you click in to have a look, it will leave a record, so be sure to take care of your own hands and don't tamper.

4. Repay on time: Don't forget to repay all the loans and credit cards in your name on time during the credit reporting period. Don't be overdue, overwrite the previous records with good records.