Xuezhong Finance provided a short-term loan of 1000 yuan for everyone. Since its launch more than a year ago, the results have been good. As we all know, there are many people who borrow this kind of online loan, and there are also many people who don't pay it back. So what will happen to Xuezhong Finance? Let's explain it in detail.

What will happen to finance if you send charcoal in the snow?

Many friends just can't afford to pay back the money for the time being, and they will worry about what will happen to the financial situation. In fact, there is absolutely no need to worry.

The tolerance period is from the first day to the third day after the repayment date of Xuezhong Finance. Repayment within the tolerance period will not affect the credit score, and only the corresponding interest will be charged every day, and there will be no overdue interest charges. As long as it is paid off within three days, it will not cause any bad influence.

The financial overdue consequences of giving timely help.

1. Penalty payment: official website of Xuezhong Finance stated the specific overdue fees. Please refer to the expense description when submitting the loan and the contents of the loan contract. I believe this will not be a small number.

2. Telephone collection: Everyone knows that online loan collection is of course a telephone message, but according to the feedback from most users, the collection of Xuezhong Finance is quite mild.

3. Downgrading of Xuezhong Finance: As a formal online lending platform, Xuezhong Finance must have its own risk control system, and it will definitely be rejected by Xuezhong Finance if it is overdue for many days.

The above is a summary of what the financial consequences will be, and I hope it will help everyone. I still hope that everyone must repay on time and try not to be overdue. Credit is our precious social wealth, and good credit can bring a better life.