Consequences of Consumer loans overdue Case
Different consumer loan products have different interest-bearing methods. Some consumer loan products are similar to credit cards, which provide "interest-free period" service. If they are used within a certain period of time, they will not generate interest, but they will start to bear interest if they fail to repay in full. Most consumer loan products don't have "interest-free period" service, and the interest will start to accrue when the next payment is made. If the repayment time is prolonged, the interest to be borne will be higher and higher. Credit reference means that the loan applicant has an overdue record in the central bank's credit reference report, which is the so-called "credit reference stain". Such an overdue record will have a bad influence on the applicant's future mortgage, car loan and credit card, and seriously, it will lead to the direct rejection of the application for credit card.
Legal basis:
Article 667 of the Civil Code of the People's Republic of China
A loan contract is a contract in which the borrower borrows money from the lender, repays the loan at maturity and pays interest.
article 668 a loan contract shall be in written form, unless it is otherwise agreed between natural persons to borrow money. The contents of a loan contract generally include terms such as loan type, currency, purpose, amount, interest rate, term and repayment method.
what will happen if consumer finance is overdue?
what will happen if consumer finance is overdue? Consumer finance has been overdue, and the record of overdue loans will be left on the credit report, which is not conducive to lenders applying for loans such as mortgage and car loans in the future. Secondly, it will be contacted by the platform phone to urge repayment, and the penalty interest in the overdue time will be charged, which has a great impact. If the lender maliciously fails to repay the loan for a long time, the lending institution may also resort to the lender to protect its rights and interests through legal channels.
Extended information:
Traditional consumerfinance (CF) is a modern financial service mode that provides consumer loans to consumers at all levels. Whether from the perspective of financial product innovation or expanding domestic demand, consumer finance pilot has positive significance.
under the current macroeconomic situation in China, it is necessary to introduce relevant management measures in a timely manner to meet the trend and needs of the objective economic situation. From the perspective of financial product innovation, personal credit business is an area that traditional banks cannot fully benefit from. Establishing a professional personal consumption financial system can better serve individual residents.
Forms of expression
Consumer finance company-The so-called consumer finance company refers to a non-bank financial institution established in China, which does not absorb public deposits and provides loans for consumption purposes for individual residents in China on the principle of small amount and dispersion. The registration threshold of a consumer finance company is 3 million yuan or equivalent convertible currency, and it is a one-time paid-in monetary capital.
overdue consumer finance
collection: there is no grace period for repayment of loans for immediate consumer finance. Once overdue, staff will collect the borrower by phone or SMS, which will affect the borrower's normal life.
Increased loan cost: The borrower will charge a penalty interest rate of 1.3-1.5 times of the original loan interest rate immediately after the financial loans overdue, which will increase the loan cost and increase the repayment pressure.
Credit information becomes worse: loans that consume finance immediately need credit information. Once the loan is overdue, it will leave a bad credit record on the credit information. If the overdue time exceeds 9 days, the borrower's credit information will be black, which will have a great negative impact on the future application for credit products and will be directly refused.
facing the risk of being repaid: if the borrower fails to repay after the deadline, and the repayment attitude is bad, and the overdue time is more than 3 months, the consumer finance may immediately ask the borrower to repay, and after winning the case, it will force the borrower to repay, and if it fails to repay, it will become the person who has broken his promise.
:
1. Consumer finance refers to the modern financial service mode that consumer finance companies provide consumer loans to consumers of all walks of life, which has the advantages of small single credit line, fast approval speed, no need for mortgage guarantee, flexible service mode and short loan term.
2. If individuals use cash, they may not need the services of financial institutions (except receiving money), but if they use personal checks or credit cards to pay, then this is consumer finance. Furthermore, if the funds for consumers to buy consumer goods are partly financed by financial institutions, that is, to expand their purchasing power through consumer loans, consumer finance will have the function of credit creation. In addition, financial institutions can also provide the service of paying utilities and payment collection, so that customers can pay their utility fees (such as tap water, electricity, telephone charges) and even the payment payable at their branches near their homes or work places. Financial institutions do not charge fees, but they will generate income from retained funds, while consumers will improve their quality of life through the convenient services of financial institutions. This is a typical consumer finance.
consequences of consumer loans owed to BOC
The specific consequences of overdue BOC consumer finance micro-loans are as follows:
1. Shangxin Bank of China consumer finance is not only a loan with a consumer finance license, but also a loan under the China Bank, and the measures for those who are overdue are similar to those of banks. Therefore, after the overdue of BOC consumer finance micro-loans, users' bad records will be reported to the central bank for credit investigation. For those whose credit information is tainted, it will be much more difficult than others to apply for mortgage and car loan in the future.
2. The Bank of China Consumer Finance Microfinance is a loan that will charge overdue fees on a daily basis. The charging standards are as follows: (1) The overdue amount is between and 5, yuan (inclusive), and the daily overdue interest is 5 yuan;
(2) The overdue amount is between 5, and 1, yuan (inclusive), and the daily overdue interest is 1 yuan;
(3) The overdue amount is between 1, and 15, yuan (inclusive), and the daily overdue interest is 15 yuan;
(4) The overdue amount is between 15, and 2, yuan (inclusive), and the daily overdue interest is 2 yuan.
3. The defendant went to court. For long-term overdue farmers, BOC consumer finance micro-loans will solve the problem through legal means. Debtors will be brought to court by BOC consumer finance micro-loans, and it is very likely that they will be included in the list of untrustworthy people.
the consequences of overdue are serious, so users should avoid overdue or pay off the arrears as soon as possible.
Extended information
According to reports, the personal credit situation reflected by the credit information system is mainly displayed through personal credit reports, which are personal "economic identity cards" and can show the personal credit status of citizens.
Credit information mainly comes from institutions providing credit business, provident fund centers, individual pension insurance funds and other institutions. If the consumer fails to repay the loan on time, the credit report will truthfully show the overdue record. "The credit information system does not have a' blacklist' at all, but only objectively reflects the credit situation." The customer service staff of the Credit Information Center pointed out the unprofessional and loopholes of this rumor.
Credit Report 2 can be found online in Yu Sheng
Through verification, the bank is not killed by a stick for the act of dishonesty caused by unintentional overdue. The staff of the credit card department of a joint-stock bank told the reporter that it is periodic for banks to report credit information to the People's Bank of China. At present, the frequency is once a month, and the bank has also set a grace period for borrowers. If the borrowers pay off within three days after the deadline, the banks may not report the overdue records, nor will they be included in the credit information.
At present, the function of credit record is mainly for the bank to handle the loan and credit card examination and approval as a reference, and it may be popularized to the occasions of enterprise recruitment and qualification examination in the future.
the credit information center only records the situation of borrowing money from banks and abiding by contracts. At present, only the overdue repayment of bank loans and credit cards will generate credit records, which will be reported to the credit information center, while the overdue payment of mobile phones and utilities are not included in the credit information system.
It is reported that at present, the bad records of personal credit reports in the Credit Information Center are divided into 1 to 6 grades. Regardless of the amount, those who fail to repay within one month are classified as 1 grade, and those who are overdue for six months are classified as 6 grade. The higher the grade, the more bad records there are.
Although the content of the above message forwarded in the circle of friends is not true, relevant people said that no matter whether it is true or false, personal credit should be especially cherished, and those who break their promises will definitely be unable to move. Bank financial experts reminded that personal credit records are residents' credit identity cards, and banks pay special attention to this when conducting loan audits. The public must pay attention to it and develop good habits.
As it is common for credit card overdue repayment to affect credit reporting, Ma Daha, who usually has a bad memory, can open SMS notification or bind debit card to automatically repay monthly, so as to avoid accidental injury to the greatest extent.
As for the credit situation, individuals have the right to inquire at the local branch of the People's Bank of China, and have the opportunity to obtain their credit reports for free twice a year. After that, they will be charged a service fee of 25 yuan each time.
At present, the central bank's credit information center has also launched a pilot online inquiry. At present, citizens of more than 2 provinces, municipalities and autonomous regions in China can log on to their official websites for free inquiry. If wrong information is found, citizens can apply to the credit information center or the bank where the business occurs to correct it in time.