What to do if Fenqile has not repaid for three years?
If Fenqile has not repaid for three years, it will have serious consequences: for example, overdue records have become a stain on credit reports, and users cannot Apply for any credit business again; the amount of overdue interest accumulated is very large; the user cannot apply for any loan product of Fenqile; the user will be blacklisted by Fenqile; the user will encounter collection from Fenqile during the overdue period.
In short, for users, it is important to settle the debt due to Fenqile as soon as possible, otherwise the overdue record will remain in the credit report forever.
There are three ways to check personal credit information for free: first, you can check on-site at the branch of the People’s Bank of China where you are located; second, log in to the official website of the Credit Information Center of the People’s Bank of China to check; third, go to the People’s Bank of China for authorization Commercial banks for inquiries.
1. On-site inquiry at branches of the People's Bank of China
When making on-site inquiries, you need to bring the original and a copy of your valid identity document, and fill out the "Personal Credit Report Inquiry Application" at the inquiry outlet. Submit the inquiry application after completing the form.
2. Online inquiry on the official website of the Credit Information Center
The specific steps for online inquiry are:
1. Open the official website of the Credit Information Center and select the Internet Personal Credit Information Service Platform "Enter the official website of the Credit Information Center of the People's Bank of China and click "Register" in the upper right corner;
2. Register a personal account and log in to the personal credit inquiry system;
3. Fill in The user adds information and clicks "Submit";
4. Log in successfully, click "Information Services" and select "Security Level Change";
5. Select "Get You can obtain a personal credit report by clicking "Credit Information".
It should be noted that the first two inquiries of the People's Bank of China's credit system are free of charge each year, and subsequent inquiries cost 10 yuan each time. If it reflects that the platform does not include enough information , the identity cannot be verified, the reason may be that you have not applied for a credit card before, and you need to go to the on-site inquiry
3. Go to a commercial bank authorized by the People's Bank of China for inquiry
According to the "Basics of Personal Credit Information". According to the Interim Measures for Database Management, some commercial banks that have obtained authorization from the People's Bank of China can also inquire about personal credit information when handling credit-related business for customers. However, commercial banks should obtain a written consent from the person being inquired before inquiring about personal credit information. Authorization. Therefore, when checking personal credit information at a commercial bank, in addition to personal valid documents, you should also carry a "Personal Credit Information Inquiry Authorization Letter" that meets the standards. The specific format and standards can be obtained at the People's Bank of China and other processing outlets.
The new version of the report removes personal information such as residential address, work unit, spouse information, annual income, pension insurance, provident fund, etc. However, the customer service staff of the Central Bank Credit Information Center said that the work unit information is only in the personal inquiry version of credit. It is no longer displayed in the report, but it still exists in the version of the bank inquiry. Will the installment loan be doubled if it is overdue for 3 years?
Hello, the loan will be doubled if the loan is overdue for 3 years. It will double, because overdue installment payment will charge overdue interest fees, which is calculated through compound interest, so the repayment amount will basically double after three years
Instalment payment is a subsidiary of Lexin High-quality installment mall. Founded in October 2013, it is one of the first batch of governing units of the China Internet Finance Association and one of the first 17 Internet financial credit information sharing units.
With Apple, L'Oreal, Philips and many others. Well-known brands have established official partnerships, becoming the third largest Internet channel after JD.com and Tmall. Fenqile Mall provides users with a new e-commerce stage consumption scenario with its rich collection of high-quality products and good stage experience; at the same time, it also Installment shopping is open to credit card users from dozens of banks, including ICBC and China Merchants Bank.
: 1: Is Fenqile a loan shark?
At present, Fenqile is not a loan shark according to China’s laws. According to relevant laws and regulations, as long as the annual interest rate does not exceed 36%, it is not considered a loan shark. The annual interest rate of Fenqile is around 12%, which does not meet the standard of loan sharking.
Stagele is affiliated to Shenzhen Stagele Network Technology Co., Ltd. Founded in Shenzhen in 2013, it is China's leading Internet consumer financial service provider and one of the first batch of members of the China Internet Finance Association. Regardless of its name, it is essentially a microfinance company. As a platform, there should be many people like you who owe money.
According to the regulations of Fenqile platform, failure to repay on the repayment date is considered overdue. Overdue charges accrue every day, and overdue charges will be recorded on your credit history.
If the order is overdue, the relevant overdue records will be recorded on the credit reporting platform and affect your future loans, car purchases, and house purchases. It is recommended that you cherish your personal credit and pay it off as soon as possible. It could be on the credit bureau.
Whether a credit investigation will be conducted at the meeting will be determined according to the business regulations of the corresponding bank and licensed financial institution. Under normal circumstances, malicious overdue loans will enter the central bank's credit reporting system.
In addition, according to the operation of general small loan companies, if the customer does not repay the loan for a long time, it will be resolved through litigation through lawyers or legal personnel. Through a lawsuit, the debtor becomes a defendant and receives a court summons.
If the money is not repaid after the case is decided, the person will be included in the list of dishonest people, which will affect future loans, going abroad, taking high-speed rail flights, political trials of civil servants, etc.
Therefore, it is recommended to contact the platform for repayment in time and maintain a good credit record.
Two: What is credit investigation?
Credit investigation records an individual’s past credit behavior, which will affect the individual’s future economic activities. These actions are reflected on an individual's credit report, often referred to as a "credit record." Until 2012, there were no laws or regulations in China’s current legal system that provided a direct basis for credit reporting business activities. The Legislative Affairs Office of the State Council released the full text of the "Credit Report Management Regulations (Draft for Comments)" in October 2009 to solicit opinions from all walks of life on the credit report management regulations. What are the consequences if Fenqile owes more than 10,000 yuan and is more than one year overdue?
If Fenqile owes more than 10,000 yuan and is more than one year overdue, Fenqile will decide whether to sue based on the actual situation. Generally, the amount owed is The larger the debt is, the longer the overdue period is, and the nature of the overdue debt is egregious, the greater the chance that the installment company will sue.
Legal basis: Article 313 of the "Criminal Law of the People's Republic of China": If the people's court has the ability to execute the judgment or ruling but refuses to execute it, if the circumstances are serious, the person shall be punished. The offender shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or a fine; if the circumstances are particularly serious, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than seven years and shall also be fined.
If a unit commits the crime in the preceding paragraph, the unit shall be fined, and the person directly in charge and other directly responsible personnel shall be punished in accordance with the provisions of the preceding paragraph.
Article 119 of the "Civil Procedure Law of the People's Republic of China" must meet the following conditions: (1) The plaintiff is a citizen who has a direct interest in the case , legal persons and other organizations; (2) There is a clear defendant; (3) There are specific litigation claims, facts and reasons; (4) It falls within the scope of the people's court to accept civil litigation and the jurisdiction of the people's court subject to the lawsuit. If I borrow more than RMB 10,000 from Fenqile and am overdue for more than two years, will I still be sued and imprisoned?
No. The possibility of prosecution is low, but you will be collected by "human flesh" or specialized debt collection companies until your money is repaid.
The "General Rules of Loans" have corresponding provisions:
Article 11: If a borrower has any of the following circumstances, the lender will charge additional interest on part or all of the loan; In particularly serious cases, the lender will stop paying the borrower's unused loan and withdraw part or all of the loan in advance:
1. The loan is not used for the purpose specified in the loan contract.
2. Using loans to make equity investments.
3. Using loans to engage in speculative operations in securities, futures, etc.
4. Failure to repay the principal and interest of the loan as stipulated in the loan contract.
5. Providing loans to each other to obtain illegal income.