Will Tik Tok charge the overdue monthly payment? Will it be called for collection?

Tik Tok monthly payment is an online consumer financial service of "consumption first, payment later" launched by Tik Tok platform. After opening, you will get a certain credit line and repay it on time on the due date after use. It used to be called sinus installment, but now it's renamed monthly payment.

Will Tik Tok charge the overdue monthly payment?

There is no grace period for Tik Tok's monthly payment, so one day overdue will result in overdue records and overdue penalty interest. After the deadline, users may encounter system notification, SMS collection and telephone collection.

Users with overdue monthly payment of Tik Tok may encounter the following collection:

1. System notification: After Tik Tok's monthly payment is overdue, the system will directly collect it through Tik Tok APP's system notification. After the user logs into Tik Tok account, the unread information in the system will prompt Tik Tok that the monthly payment is overdue, reminding the user to repay as soon as possible, so as not to affect personal credit information. The system notification is sent automatically, so if the monthly payment is overdue by one day, the user Tik Tok will receive the system notification. This notice belongs to the internal notice of the system, and the user does not need to reply, and can delete it directly after reading it.

2. SMS collection: Tik Tok's monthly payment is provided by a number of financial institutions. As long as it is overdue for one day, the lending institution will automatically send a collection message to the user. Users can view unread messages on their mobile phones, or users who have set interception can see favorite messages and intercepted messages in the trash can. This kind of collection message is generally sent by the system in groups, so users will receive the message one day after the deadline. After reading the short message, users need to confirm whether the content of the collection short message is true, and it is not excluded that criminals send false collection short messages to users after obtaining their personal information.

3. Call collection: If the monthly payment of users in Tik Tok is often overdue, even if it is only one day overdue this time, they may receive overdue calls. Because users are overdue for many times, lending institutions have made a key mark on users, that is, once users are overdue, someone who is responsible for collection will call users. Telephone collection is more effective than system notification and SMS collection, so lenders will choose telephone collection when they encounter users who are often overdue.

If repayment is not made after collection, the frequency of collection will increase. Moreover, if the user does not repay the loan, the negative impact of overdue records will continue to expand, until finally overdue records will become a credit stain. Users are willing to repay, please go to the Tik Tok monthly repayment page to repay, and it is not recommended to repay through other channels.