Xiaomi Finance (renamed Tianxing Finance) is overdue for more than one year and can negotiate repayment, but the probability that Xiaomi Financial Platform allows negotiation repayment is extremely low.

If users are overdue due to force majeure such as natural disasters and accidents, they can provide corresponding evidence when negotiating repayment, and Xiaomi Financial Platform will judge whether repayment can be negotiated as appropriate. If the user is overdue for no special reason, Xiaomi Finance will basically not agree to negotiate repayment.

Consequences of Xiaomi Finance (Tianxing Finance) overdue:

1. overdue interest: 0.75% interest will be charged to users every day after the repayment date. The longer you owe, the more interest you pay.

2. Late payment fee: In addition to paying high interest, there will be a certain late payment fee.

3. Personal credit information is affected: Xiaomi Finance (Tianxing Finance) has the function of recording credit information and is a credit information inquiry system. If you don't pay back the money for a long time, the system will automatically record it and make a record on your personal credit report.

4. Court prosecution: Xiaomi Finance (Tianxing Finance) platform has the right to file a lawsuit against users who insist on non-repayment for a long time and request the court to make a judgment. The court is the court where the user account is located, and the consequences are very serious. Users are likely to enter the blacklist of dishonesty.

5. There are various forms of collection: overdue users' goods are collected by various text messages and telephone calls, and even the address book is blown up, which affects the normal life of individuals and relatives.

Xiaomi Finance (Tianxing Finance) is a financial product of Xiaomi Company, and its main businesses include: consumer credit, third-party payment, internet finance and internet insurance. Among them, Xiaomi Finance's consumer credit loan is a loan made in cooperation with local commercial banks, so this credit loan was received at the meeting.

Version information: Take Tianxing Finance version 8. 18.0, Apple13 (IOS15.3.1system) and Huawei mate40(HarmonyOS2 system) as examples.

?

Will Xiaomi Finance sue if it is overdue?

Xiaomi Finance may be sued after it is overdue. Generally, when the loan amount is relatively large and the overdue time is relatively long, Xiaomi Finance will sue the borrower and must repay the loan after passing the court judgment. If the borrower fails to pay back, it will be enforced by the court at this time, and it will not be repaid at that time.

After the overdue record of Xiaomi Finance is overdue, it will definitely be reported to the Credit Bureau. After the personal credit information becomes bad, you may be rejected when you apply for loans through formal channels. After overdue, the overdue record will be kept in the personal credit report for 5 years, and will disappear automatically after 5 years.

To apply for Xiaomi financial loan, you must bind the borrower's savings card, then upload personal valid identity information, and then the platform will perform face recognition. After all the information meets the requirements of the platform, users can get the loan amount, and users can apply for loans within this amount.

After borrowing, the platform will bear interest on a daily basis, and the interest rate on the day of borrowing is as low as 0.02%. However, few people get such a loan interest rate when borrowing, and most people borrow at a daily interest rate of 0.05%. After applying for a loan, it will arrive in the account within 1 minute at the earliest, and it can be repaid at any time when there are sufficient funds in the later period.

What are the consequences of Xiaomi loan?

Consequences of Xiaomi's failure to repay the loan:

1. Overdue information will be uploaded to the People's Bank of China or a third party for credit investigation, and it will be difficult to borrow money in the future.

2. If it is overdue, there will be a high overdue fee. The overdue interest rate of overdue principal or interest is 65438+ 0.5 times the normal loan interest rate.

Extended data:

On June 5438+05, Xiaomi Finance indicated through the official account of Weibo that due to the abnormality of the docking system with Minsheng Bank, the repayment information of a few users was not updated in time. At present, a solution has been worked out together, and the correct information will be updated according to the actual repayment situation within 30 days.

Mr. Lin said that as far as he knows, most of the people affected this time are Xiaomi mobile phone users. The reporter also found in the interview that the users affected by this incident are mainly young people. Based on the brand trust of large Internet companies and the trust in the more convenient borrowing process of the Internet financial platform, Xiaomi Financial Platform was chosen to borrow.

According to the information released by Xiaomi Finance, users such as Mr. Lin and Mr. Chen expressed great dissatisfaction. They think that the credit information they really care about has not been given enough right to know.

The question that users are more concentrated is whether Minsheng Bank has reported overdue to the relevant departments. Can overdue reports be completely deleted without any records? How is the overdue processing going? At present, these problems have not received a clear response from Xiaomi Finance and Minsheng Bank.

Some users affected by this incident also reported to reporters that Xiaomi Financial Customer Service attempted to appease users by issuing 100 yuan interest-free repayment coupons, which they said was unacceptable.

Many users told reporters that for Minsheng Bank, it was found that the loan users of the same service channel were overdue in batches. Don't you need to confirm the repayment ability with the user himself, so arbitrarily confirm that it is overdue?

Some experts in the industry said that many Internet companies have entered the field of financial services across borders with the help of powerful terminal platforms, but this incident has sounded the alarm for everyone. In the field of financial services, security should not be a "dispensable" service, but an insurmountable bottom line for financial services. Internet platforms should be more cautious about the safety of consumer funds.