Jiufu Wanka is a loan platform under Jiufu Group, and users can obtain a certain credit line through real-name authentication and risk assessment. However, if the user fails to repay the money on Jiufuwan Card within the time limit, it will have serious consequences: 1. There will be overdue fee: once Jiufuwanka is overdue, it will generate penalty interest, and the longer it is overdue, the more penalty interest it will have. Due to personal reasons, overdue fees cannot be reduced.

2. Personal credit damage: Jiufuwanka cooperates with regular licensed financial institutions, which issue loans to borrowers. Therefore, if the borrower fails to repay the loan within the time limit, it will be reported to the central bank for credit investigation, leaving a bad record in the personal credit investigation report and damaging personal credit. You know, even if the arrears are paid off later, this overdue record will still be kept for 5 years before it can be deleted by the system.

3. Cards and loans are affected because once overdue credit records are recorded, they should be kept for at least 5 years. Therefore, after the borrower applies for a credit card or loan, banks, lending institutions and platforms can find overdue records when inquiring about credit information, and banks, lending institutions and platforms are likely to refuse to approve cards or loans.

1, charge penalty interest. Jiufuwanka will charge a penalty interest after it is overdue, which is generally much higher than the original interest, and there will be various charges such as overdue management. In addition, once the borrower is overdue, it will be bombarded by all kinds of text messages and telephone calls, and may even explode the address book and lose face in front of relatives and friends. 2. Court arbitration. If the borrower fails to repay the loan for a long time, it may be subject to legal arbitration. Once he is classified as a dishonest person, there will be many restrictions that will seriously affect his personal life. It is worth mentioning that some netizens said that Jiufuwanka will also report the borrower's bad lending behavior to Sesame Credit, which will greatly reduce the borrower's sesame score. At this time, financial management is cautious, so financial management needs to be cautious.