What will happen to little Inga loans overdue?
1 collect penalty interest.
Credit card loans overdue will charge penalty interest, and the calculation formula of penalty interest is = overdue days corresponding to the penalty interest rate of overdue residual principal. The overdue days are calculated from the day after the repayment date until they are paid off. The longer the overdue time, the higher the penalty interest.
2 Affect life
After Xiaoyunka loans overdue, Xiaoyunka loan staff will notify the borrower to repay the loan by phone or text message. Phone calls and text messages several times a day have seriously affected their lives.
3 affect the credit report
Xiaoyun credit card loan is for credit investigation. Once overdue, Xiaoyun credit card loan will be reported to the central bank for credit reporting, thus affecting personal credit reporting.
The consequences of a small win card in loans overdue are very serious, so you must repay it on time and keep a good personal credit report. When applying for loan selection, you should choose the loan amount according to your loan demand and income to avoid overdue due to subsequent failure to repay.