Cheng e-credit is the latest lending product launched by Alibaba. After purchasing goods on Taobao or Tmall, users can choose to pay by Cheng e-credit, that is, they can buy things on credit, with Alibaba platform as the witness. Generally, the account period is 3 days after the buyer receives the goods. After the buyer repays on the last repayment date, the money will be transferred to the Alibaba platform account, and the seller can receive the money. If the buyer fails to pay back the money to Alibaba platform on the final repayment date of the account period, then the seller needs Alibaba to pay the money.

Cheng E's credit cannot be overdue for one day. Cheng E's credit has no grace period, so it is overdue if it exceeds the repayment date. Moreover, Cheng E's credit is connected with the credit information system, and once it is overdue, it will be used for credit information. Therefore, we must maintain good repayment habits and safeguard our own credit. After the credit of Cheng E is overdue, its account will be frozen, basically overdue once, and it can no longer be used in the future.

1. The criteria for delinquent short-term loans are different according to the situation of different lending institutions. Generally, if the overdue time is not very long, the lending institutions will not hold the debtors accountable, let alone make a credit report.

2. Long-term loans are overdue. At this time, the lending institutions will classify the debtors as malicious overdue, and will adopt various collection methods; For example, frantically calling the phone number of the debtor and the phone number of relatives and friends around him to promote repayment, and then going to the door or collecting money from the unit.

3. Usually, the overdue period will be regarded as malicious overdue after 9 days, and the lending institution has the right to bring a lawsuit to the court after 12 days. However, it is usually more than half a year before the microfinance institution will bring a lawsuit, because the main purpose of the microfinance institution is to recover the arrears, and the lawsuit is just a means.

Credit cards that are overdue for more than 3 months may be prosecuted.

Credit cards are divided into malicious overdue and non-malicious overdue. Malicious overdue may be prosecuted by banks. If credit card holders overdraw their credit cards for illegal possession, and exceed the prescribed limit or for a period of time, they will be prosecuted for malicious overdraft if they do not repay after two effective notices from the issuing bank for three months. However, if the amount of arrears is not large or it is overdue because of the annual fee, the general bank will not sue, but will only collect it by telephone. In addition, according to the relevant laws and regulations, arrears of more than 5, yuan will be malicious overdraft and will be included in the blacklist of credit card fraud.