What happens when the new orange expires? The consequences are particularly serious!

; ? The star products in the online loan market have been replaced by new orange premium products, which is the previous new orange staging. Many friends have the possibility of overdue loans after they have applied for new orange installment loans. So, what happens when the new orange premium product is overdue? Just to introduce the severity of overdue.

Credit information is still negative.

In today's society, one's credit information is very important. After the new orange excellent products appear overdue for a period of time, everyone's bad records will be reported to the credit bureau. So everyone's credit history will leave a negative record. It is difficult for people with seriously negative credit information to apply for loans and credit cards. When applying for a job in some work units, they may also be rejected because of poor credit information.

Be collected

After the borrower is overdue, New Orange Premium will arrange the staff to make a dunning. At the beginning, the staff of the new orange premium product will collect money by phone or text message, which is less frequent. With the extension of overdue time, the collection of new orange premium products will become stronger and stronger, not only the collection frequency will increase, but also the contact person will be called.

Charge penalty interest

Like other online lending platforms, penalty interest is essential after the new orange premium is overdue. The default interest of new orange premium is calculated on a daily basis, which is higher than the normal loan interest and needs to be settled by the borrower when repaying.

Above, we have introduced in detail what will happen when the new orange premium product is overdue. Generally speaking, everyone will leave a negative impression on the credit information, be collected by the new orange excellent products, and bear the penalty interest. Therefore, the consequences of new orange expired products are very serious.