Current location - Trademark Inquiry Complete Network - Overdue credit card - What does it mean when China Post Consumer Finance asks me to provide proof of consumption after the loan is overdue?
What does it mean when China Post Consumer Finance asks me to provide proof of consumption after the loan is overdue?

Consumer loans are originally required to provide the purpose when you apply for them. If you are asked to provide them after the expiration date, it depends on whether your purpose is correct.

When you apply for a consumer loan, you must provide the purpose. As long as you have used the loan without providing consumption vouchers, you must provide it. Regardless of the loan amount, as long as you have not submitted a voucher before, you need to submit the used voucher. Materials proving the consumption of the amount, which can be manifests, invoices, contracts or transfer vouchers, etc. If it is found that the loan is used for investment such as house purchase, or no certification information is uploaded, the bank will charge the balance of the consumer loan to the credit card account in one go. If you do not pass the bank's screening, you must pay off the remaining loan. Customers must provide the purpose of the loan when applying for a consumer loan. If you cannot provide proof of consumption, your loan may be repossessed.

Consumption voucher is a receipt or invoice after consumption. For example, invoices in shopping malls, receipts after swiping cards at POS machines, and consumption vouchers can prove the purpose of the user's credit card or loan. Sometimes banks will require users to provide corresponding proof of consumption to verify whether users have violated regulations such as cashing out. Therefore, users can retain these credentials. It should be noted that no matter what kind of consumption voucher, it must match the consumption date, otherwise the bank will regard it as an invalid consumption voucher and need to provide a new certificate.