Jishang Consumer Finance has a grace period. Penalty interest will be charged from the overdue date. If overdue fees are charged on a per-day basis, penalty interest is payable until paid off. The longer the period of delinquency, the more penalty interest is charged, resulting in an increase in the borrower's repayments.

1. What to do if Shanxi China Merchants Consumer Finance does not repay the loan

1 Impact on credit reporting

Shanxi China Merchants Consumer Finance is used for credit reporting and has been connected to the central bank for credit reporting. letter system. If Shanxi China Merchants Consumer Finance has not repaid, it will be treated as overdue. After it is overdue, the overdue record will be uploaded to the central bank for credit reporting, which will affect personal credit reporting.

2 Charge penalty interest

If Shanxi Merchants’ consumer finance does not look good, penalty interest will be charged. Penalty interest will be charged from the overdue date. If overdue fees are charged on a per-day basis, penalty interest is payable until paid off. The longer the period of delinquency, the more penalty interest is charged, resulting in an increase in the borrower's repayments.

3 Telephone collection

Shanxi merchants have poor consumer finance, so the staff collect the money on their behalf. Staff will make phone calls to urge borrowers to repay. If the borrower does not repay the loan for a long time, the address book number will be called, causing the address book to explode.

In general, the consequences of non-repayment by Shanxi Merchant Consumer Finance are very serious. If the staff of Shanxi China Merchants Consumer Finance does not collect payment for a long time, Shanxi China Merchants Consumer Finance will sue the borrower and require the borrower to repay. Failure to do so will result in enforcement by the courts and may even lead to breach of trust.

2. Shanxi Merchants Consumer Finance is a national-level licensed consumer finance company approved by the China Banking and Insurance Regulatory Commission. It is invested and established by Shanxi China Merchants Bank, Qifeiyi (Beijing) Software Co., Ltd., Tianjin Yuxinyicheng Technology Co., Ltd., Shanxi Huayu Business Development Co., Ltd., and Shanxi Meitehao Supermarket Chain Co., Ltd. Its main products include Jinqing Loan, Jinxiang Installment, Jianwa "Jinxiang Wallet" APP, etc. Borrowers can consider whether to apply for loans on their own platform or a cooperative platform. Please call 95105520 for details.

3. Is it a scam to receive consumer finance text messages?

This is not necessarily a scam. It may be a consumer finance platform marketing users, inviting users to apply for loans, or it may just notify users to repay. However, users must be careful to differentiate when receiving similar text messages, because there are many phishing text messages on the market designed to defraud users of information and personal funds.

It is recommended that users, whether applying or repaying, should proceed through officially supported channels. Do not click on the links sent by the other party at will, as it is risky.