If you are one month overdue, you may be sued for repayment, and overdue payments will incur many additional fees.
Overdue loan payments will affect your personal credit record, and overdue loan repayments will be truthfully recorded in your personal credit report.
Loans must be repaid in a timely manner and do not repay overdue. Once repayment is overdue, a bad credit record will be generated. Bad credit records will be kept for five years from the date the bad behavior is terminated. During the period of the bad record's existence, it will affect the loan. Handle loans and credit card business.
The "Regulations on the Administration of the Credit Reporting Industry" stipulates that the credit reporting agency shall retain bad personal information for 5 years from the date of termination of the bad behavior or event; if it exceeds 5 years, it shall be deleted.
Extended information
Fanqi Lexin is a high-quality installment shopping mall under Lexin. It was established in October 2013. It is the first batch of council members of the China Internet Finance Association and the first batch of 17 Internet financial credit information sharing unit.
It has established official cooperation with many well-known brands such as Apple, L'Oreal, and Philips, and has become the third largest Internet channel for many brands in sales volume after JD.com and Tmall. With its rich collection of high-quality products and good installment experience, Fenqile Mall provides users with a new e-commerce installment consumption scenario; at the same time, installment shopping is also open to credit card holders from dozens of banks, including Industrial and Commercial Bank of China and China Merchants Bank.
In August 2013, Xiao Wenjie founded Fenqile and received start-up investment from Xianfeng Huaxing.
In October 2013, Fenqile Mall was officially launched.
In March 2014, Fenqile reached a strategic cooperation with JD.com, the largest shopping mall in China.
In March 2014, Fintech received US$10 million in investment led by Matrix Partners China and completed Series A VC financing.
In April 2014, Fenqi Le Beijing, Wuhan, Chongqing and Nanchang marketing centers were established.
In May 2014, Fenqile served more than 100,000 customers.
In June 2014, Fenqile’s marketing centers in Shanghai, Xi’an and Nanjing were established.
In September 2014, Fenqile supported many universities in nearly 100 cities across the country.
In March 2015, Fintech received strategic investment from JD.com.