First, overdue behavior will not only affect credit, but also cause other troubles to borrowers. For example:
1. The borrower needs to pay the penalty interest in installments every day, which is much higher than the normal loan interest.
2. Shortly after the overdue period, the borrower will receive a collection message or a collection phone call from staff at different stages.
3. Good staging will report the borrower's bad information to the private credit information system and the online credit information system.
The borrower's overdue behavior may be known by relatives and friends, which makes him lose face.
5. In case of serious overdue, the borrower is likely to be brought to court in stages, resulting in being frozen, auctioned or even included in the list of untrustworthy people.
Two, five repayment methods support installment, you can choose one of them.
These five repayment methods are: borrower's bank withholding, WeChat repayment, Alipay repayment, direct transfer to installment bank card repayment and door-to-door repayment.
Third, can we not pay it back in installments?
This is absolutely impossible. If the repayment is overdue, a high penalty interest will be charged. Overdue, will be credited to the credit. Before applying for a loan, please pay attention to your repayment ability and read the loan and repayment agreement carefully to avoid overdue or default. After loans overdue, the borrower should pay the borrower a penalty interest in installments according to the overdue days, which is much higher than the normal loan. Shortly after the deadline, the borrower will receive a text message or phone call from the installment staff. If the loan has not been repaid, it will collect the contacts submitted by the borrower when applying, which is also commonly known as the "explosion address book"
4. If the repayment is not made in installments, the overdue fee shall be borne from the first day of overdue.
Generally speaking, the overdue fee is relatively high. The longer the overdue time, the greater the repayment pressure. Interfere with personal life. Once there is overdue behavior, the platform will collect it, which will affect the normal life of individuals. If the repayment cannot be guaranteed in time before the repayment date (inclusive), it is overdue; Late payment will result in late payment fees and affect your credit record in China People's Bank. I suggest you repay as soon as possible, so as not to affect your personal credit! Consequences of non-repayment by credit card installment.