Loan M 100TT09962 Execution No.

The "m" here is actually the first letter of English "Months", which translates into "month" in Chinese, so "m 1, m2, m3" means a time period. "m 1" refers to the period from the second billing date to the last repayment date of the second bill. During this period, the bank will take the form of collection, impose penalty interest on the unpaid loans and collect late fees. The time period "m2" refers to "from the third bill date that has not been repaid to the final repayment date of the third bill". In the meantime, the bank collector will call to tell the consequences of non-repayment. If necessary, we will contact the debtor's relatives and friends to help him repay the loan. "m3" refers to the time period from the fourth bill date that has not been repaid to the last repayment date of the fourth bill. During this period, the bank will take compulsory repayment, and the collection staff will ask the debtor to repay by telephone, text message, lawyer's letter, etc.

Loan terms:

1, monthly management rate

The so-called monthly management fee is based on the initial loan amount to calculate interest, while the monthly interest rate is based on the remaining principal of each month. With the changes of the times, various fees have appeared in the loan market, among which the monthly management fee is the protagonist. In many cases, it prohibits the role of monthly interest rate, which is particularly closely related to loan interest. In addition, besides the different names, the calculation methods are also very different.

2. One-time handling fee rate

One-time handling fee rate refers to the loan business, which is only charged once and will not be charged again.

3, monthly interest x points

The monthly interest rate is x points, which is the common name of private lending. The "fen" here means 1%. For example, a monthly interest rate of 3 points means that the monthly interest rate is 3% of the loan amount. If the loan is 6,543,800 yuan, the funds will be used for two months and the interest will be 6,000 yuan.

4. Multi-head loan

Multi-head loan means that borrowers borrow from multiple banks or private institutions at the same time to effectively fill the funding gap. Simply put, individuals or enterprises (companies) borrow money from many banks.

5. Revolving credit issuance

The characteristic of revolving credit line is that after the customer obtains a certain loan line from the bank, it can be withdrawn in stages and recycled within the time limit. When withdrawing a single sum not exceeding the available amount, the customer only needs to fill in the withdrawal application form, without special re-approval, and can generally withdraw cash within 1 hour. It is more suitable for the individual's capital demand characteristics of "small amount, urgent demand, fast turnover and more retail".

6. Bad credit

Credit stain, also known as bad credit record. After a bank customer applies for a loan, due to some reasons, the repayment is overdue, which is also a credit stain. Different banks have different approval standards for personal credit records. With the change of time, consumers' economic situation and repayment situation will also change, and banks will not always pay attention to consumers' early bad credit records.

What does the collection M 12M3 mean?

Collection m 1m2m3 refers to overdue time, m 1 refers to customers overdue for one month, and m2 refers to overdue for two months. If the user is overdue for a long time, the intensity of collection at this time is different. Moreover, if the amount of overdue debt is large and takes a long time, it is impossible for users to think about it after judgment.

In order to avoid the situation that the loan cannot be repaid on time, users must measure their repayment ability when handling the loan. If the personal income is relatively high, you can rest assured that you can borrow money at this time. If the personal income is not much, then you can reduce the loan amount or give up borrowing.

It should be noted that overdue repayment will be uploaded to the credit information center, and personal credit information will affect the handling of various loans. After the arrears are returned, the loans will remain in the credit information for 5 years, and will automatically disappear after 5 years, not always.

Users generally choose a formal platform when borrowing money. It should be noted that when the loan amount is large, users should go to the bank to apply for a loan, because the loan interest rate provided by the bank is low, but the conditions for handling the loan are relatively high, and it takes a long time to handle the loan.

What do MOB, C-M 1, M 1, M2 in P2P credit companies mean?

1.c, M 1, M2: a term that describes the number of overdue barrels. Among them, the credit mob means: the month of credit loan. C refers to the normal loan with no overdue in the current period, M 1 is 1 overdue, and M 1 is greater than 1 (inclusive). C-M 1: it is an index to calculate the mobile following rate. C-m 1 = N balance of assets at the end of last month M 1/ balance of loans at the end of last month.

2.p2p loans include: At present, the most popular online p2p loans are mainly personal loans to individuals. The so-called p2p online lending simply means that individuals who have money and financial investment ideas lend money to other people who have borrowing needs through intermediaries. There are formal lending platforms: there are many online lending platforms, but many of them often close down and run away, which makes people feel that the image of lending platforms is a bit unreliable, so we must choose formal and qualified lending platforms, such as Jiufuwanka, Provincial Bank, Alipay Bank, WeChat micro-loan, 360 IOUs and money.

3. Consequences of loan repayment: (1) If the loan is collected, the platform collection personnel will call and send text messages in loans overdue to urge the repayment on the same day. If the loan is repaid in three days, the number of calls will be increased every day, and the third-party emergency contact person filled in at the time of loan will be contacted to urge the borrower to repay. Orders that are overdue for more than three months will be outsourced to a collection company. There are many collection methods for collection companies, and they will not give up until the debtor repays. (2) Penalty interest, liquidated damages and online loan interest are high, but overdue penalty interest and liquidated damages are higher. According to the compound interest calculation, the longer the overdue time, the higher the penalty interest and liquidated damages, and the greater the personal repayment pressure. (3) Impact on credit reporting. Now many online lending platforms have received credit information from the central bank. For long-term non-repayment users, it is very difficult to upload the non-performing loan records directly to the credit information, and it is also very difficult to apply for mortgage and car loan in the bank later. (4) Debtor, this is the last collection method of the platform. Contact the law firm to send a lawyer's letter.

1. What should citizens do if they owe too much online loans?

If you apply for an online loan, you should repay it according to the regulations. Of course, if it is an illegal online loan, you can only repay the principal. If it is a legal online loan, it should be repaid in accordance with the contract. Problems related to online lending should be identified in accordance with relevant laws, especially when the parties sign a contract with an online lending company, they need to submit relevant materials for legal identification. If there is a relevant breach of the online loan contract, it is obviously impossible to legally identify it.

What does M mean in the credit card collection of M 1M2? What is the abbreviation for the specific stage of M 1M2M3?

It is generally understood that m is short for the number of repayment months. "M 1" refers to the period from the second billing date to the last repayment date of the second bill. During this period, the bank will take the form of collection, impose penalty interest on the unpaid loans and collect late fees.

The time period "M2" refers to "from the third billing date that has not been repaid to the final repayment date of the third bill". In the meantime, the bank collector will call to tell the consequences of non-repayment. If necessary, we will contact the debtor's relatives and friends to help him repay the loan.

"M3" refers to the period from the fourth billing date that has never been repaid to the last repayment date of the fourth bill. During this period, the bank will take compulsory repayment, and the collection staff will ask the debtor to repay by telephone, text message, lawyer's letter, etc.

Credit cards are issued by banks. Banks are not charitable organizations, but commercial organizations. The core purpose of issuing credit cards to everyone is to make money. Therefore, after everyone is overdue, the bank will definitely try its best to get the money back. At this time, overdue users will face various collections.

First, don't deliberately avoid bank collection. Bank collection is the responsibility of banks, but we don't have to worry too much about bank collection. After all, the bank is a formal financial institution formally established in the CBRC, and according to the relevant policies and regulations of our country, banks cannot use violent collection methods to collect customers. Therefore, in the face of bank collection, we don't have to deliberately avoid it, but we should bravely face all kinds of bank collection. One advantage of this is to avoid being suspected of malicious overdraft.

Second, try to pay back a little money every month. If the overdue amount is large, such as 50,000 yuan, and the overdue time is long, and everyone ignores it in the process of bank collection, or even takes countermeasures to avoid bank collection, it is likely to be judged as malicious overdraft. According to China's current laws and regulations, if the amount of malicious overdraft of credit cards reaches more than 50,000 yuan, it may be recognized as a credit card crime, and then bear criminal responsibility.

Third, try to negotiate with the bank to repay the loan in installments. According to the relevant regulations of China's credit card management, if the payer is really unable to repay the credit card bill, but still has the willingness to repay, the bank should negotiate with the debtor to repay. The final plan for negotiating repayment is basically to stop paying interest, that is, the bank will stop charging interest and then repay the amount owed by the debtor in installments, but the longest installment time cannot exceed 5 years.