What does Jiufuwanka arbitration mean?

Jiufuwanka is overdue. Today, it sent me a short message saying that it has been submitted to arbitration and will apply to the court for enforcement. Really?

Maybe just to scare you. If you are sued, you should pay off the loan as soon as possible.

Whether to be sued depends on the company itself. The right of action is the basic right of the parties, which can be exercised or waived. There should be a loan contract dispute between you, and you have not fulfilled your repayment obligations as agreed in the contract.

Consequences of overdue credit investigation

How many days is the credit card overdue?

Each bank's credit card has a certain grace period for repayment, during which the repayment will not be recorded in the credit report. Most bank credit card repayment grace period is 3 days, and the application does not need to take effect automatically. However, some banks have special provisions on the grace period for repayment, as follows:

1, Bank of China:

The grace period for repayment of the Platinum Credit Card of China Bank is 9 days, and the grace period for repayment of other credit cards of China Bank is 3 days.

2. Postal Bank:

The grace period for repayment by China Post Bank is 4 days.

3. Guangfa Bank and Citibank:

Both Guangfa Bank and Citibank need to apply for a special grace period for repayment, usually around 3 days.

4. Agricultural Bank:

The grace period for repayment of China Agricultural Bank is 2 days.

5. ICBC:

ICBC's Star Card and Struggle Card can have a grace period of three days, while ICBC's other credit cards have no grace period.

What are the consequences of overdue credit cards?

If the overdue period reaches a very serious state, it will constitute a malicious overdraft, which will be identified as the crime of credit card fraud. Sentencing standards will be implemented according to the amount of our malicious overdraft, including fixed-term imprisonment of less than five years or life imprisonment, less than five years and less than 10 year, and a fine of more than 20,000 yuan but less than 200,000 yuan, more than 50,000 yuan but less than 500,000 yuan, or confiscation of property.

If the credit card is overdue for more than 6 times in two years, then you can't apply for a provident fund loan. A short-term careless overdue once or twice may still be possible, but if it is overdue three times in two years, then our provident fund loan will be beyond our reach. Because ordinary banks or provident funds mainly rely on the credit records of lenders in the last two years when handling credit business. Therefore, those cardholders who want to apply for provident fund loans to buy a house must pay back on time when using their credit cards.

If the overdue period is not very serious, then theoretically we can still handle the bank loan business. Many cardholders who want to borrow money to buy a house are overdue and have a bad record of credit investigation. In this case, if you apply for a commercial loan, most banks will raise your benchmark interest rate by 10% because of your credit problems. Obviously, the cost of buying a house will increase greatly. If we are overdue many times and seriously, then you will be directly refused the loan by the bank. Therefore, when using a credit card, considering the plan to buy a house in the future, it must not be overdue.

Will Jiufuwanka be arbitrated if it is overdue?

Serious overdue cases will be arbitrated, and the court may also force repayment.

After the loan is overdue for a long time or deliberately not repaid, after the amount exceeds 2000, it can already constitute a fraud crime and is in danger of being sued by the online lending platform.

Once the court decides that the online lending platform wins the case, the borrower not only has to pay the money that needs to be repaid, but also pays the litigation costs and huge fines of both parties, and even faces jail time.

Extended data:

The overdue credit card does not mean that it will not be repaid on the last repayment date, but is overdue to the billing date of next month.

Failing to do so within the time limit will also affect the credit information, resulting in liquidated damages and interest, and serious cases will be prosecuted by the court and imprisoned.

References:

Baidu Encyclopedia _ overdue

Jiufuwanka was arbitrated. How long will it take to close the account after the court repays?

3 working days. Jiufuwanka was arbitrated by the court and sold to domestic customers within 3 working days after repayment. Arbitration refers to a dispute settlement method in which both parties agree to submit the dispute to a third party (with recognized status), and the third party will judge the merits of the dispute and make a ruling.

Is it useful for Jiufuwanka Hubei Consumer Finance to go to yingtan Arbitration Commission for arbitration?

Jiufuwanka arbitration is useful and legal.

When applying for Jiufuwanka, you will be asked to sign an arbitration contract, which will take effect once signed. If the borrower fails to pay the arrears for a long time, Jiufuwanka will start arbitration proceedings.