What will happen if Tik Tok's monthly payment is one month overdue?

According to Cai Xi's survey. Tik Tok customers who are overdue for one month will bear the following consequences:

1. The credit investigation will leave a stain. After Tik Tok's monthly payment is overdue, the platform will report the customer's overdue situation to the credit reporting agency, which will leave a record of non-performing loans on the credit reporting report, which will be affected when the customer conducts credit activities or applies for certain positions in the future.

2. It will be collected by the platform. Once Tik Tok's monthly payment is overdue, the platform will definitely contact the customer by phone or SMS, urging the customer to repay the overdue debt as soon as possible. Under normal circumstances, the platform will only collect the customer himself and will not harass the customer's family.

3. There will be penalty interest if it is overdue. After loans overdue, the platform accountant will charge the overdue penalty interest to the customer on a daily basis. The penalty interest for one day overdue is more than the normal loan interest, so the longer the customer is overdue, the more penalty interest will be generated.

4. The loan contract will be terminated early. If the customer is overdue for a long time and has no intention to settle the overdue debt as soon as possible, the platform will terminate the loan contract in advance according to the agreement in the loan contract, requiring the customer to settle the loan in advance, which will directly increase the repayment pressure of the customer.

5. Malicious overdue will be prosecuted. For example, the customer clearly has the repayment ability, but still deliberately defaults on the loan. In this case, the platform will solve the customer's debt problem through legal channels and sue the customer to safeguard its own rights and interests.

6. Impact on online loan big data. After loans overdue, some measures taken by the platform will adversely affect customers' online loan big data.

7. Enter the list of untrustworthy executors. If the customer still fails to repay the loan as agreed and refuses to perform the debt responsibility after suing the customer on the platform, then the customer will be included in the list of untrustworthy executors, and the future life and transportation will be restricted from high consumption.

8. The loan amount will be affected. Loans overdue indicates that the risk of customers is rising, and the platform will reduce the customer's loan limit or freeze the customer's credit limit to avoid further risk expansion.

9. Lose the preferential loan policy. Before loans overdue, Tik Tok's monthly payment may provide preferential loan interest rates for customers with good credit. However, once the customer is overdue, the system is likely to cancel the preferential policy, and then it will bear a higher loan interest rate.

It can be seen that after Tik Tok's monthly payment is overdue, customers will bear more serious overdue consequences.