Will the 360 ??IOU be found at home if it is not paid?

If the money borrowed from 360 IOU comes back to your home, will you call the police for fraud?

It will definitely not work if you don’t pay it back.

You won’t come to your home, you have to go through the normal procedures.

It will not affect your credit score, and the interest will pile up, which will have an impact on your future loans. Will a 360 IOU of 7,700 be collected if it is overdue for 2 years?

This is not the case. 360 should be a regular door-to-door service, which may not be possible, but filing a lawsuit in court should be possible. If you are one day overdue, you will incur certain overdue fees; it is recommended to repay the outstanding balance as soon as possible. If you do not repay the money all the time and cause a serious overdue payment, you will face the following consequences: you will bear high overdue fees. For overdue fees, different online loan platforms have different names and charging standards.

The loan is overdue and should be repaid as soon as possible. Regarding overdue loans, I think it is necessary to teach everyone a lesson. In fact, there are short-term and long-term overdue loans. Because the length of overdue loans is different, the consequences are also different. However, most people have many misunderstandings about overdue loans, and they don’t realize they regret it until it causes serious consequences. Short-term overdue loans and their consequences Different funding institutions have different definitions of short-term overdue loans. For short-term overdue loans, institutions generally will not take coercive measures, but will carry out repayment reminders and collections. The consequences are:

1. High fines and liquidated damages After the loan is overdue, in addition to paying back the loan, In addition to interest and principal, high penalty interest and liquidated damages also need to be paid.

2. Leaving personal credit stains. Overdue records will be left on the credit report. Even after repayment, the overdue records will be retained for 5 years. Overdue records will affect almost all subsequent financial activities of the overdue person.

3. Receive text messages and phone calls for collection. Lending institutions will continuously send text messages and make phone calls to collect overdue funds, inform borrowers of the serious consequences of overdue funds, and order borrowers to repay overdue principal and interest within a time limit.

Long-term overdue loans and their consequences Generally speaking, if the loan is overdue for more than 90 days, it will be regarded as malicious overdue by the lending institution. Banks can sue for collection regardless of the amount of malicious overdue payment for more than 90 days. After the court's judgment, the information of the dishonest person (Lao Lai) was released to the public, and his high consumption and high-speed rail travel were restricted.

As the regulatory authorities are becoming more and more strict, and online loan platforms are becoming more standardized and strict, many online loans are now subject to credit reporting, so credit reporting records are of great concern to all borrowers. Question, today I will give you some knowledge about online loan credit investigation, I hope it will be helpful to you.

1. The processing of online loan credit records is very "humanized"; online loan credit records are much more user-friendly than traditional banks, that is, a certain grace time will be given to unintentional overdue due to temporary negligence, but if you default for a long time, you will be It is easy for borrowers to have tainted records, which is also a key reminder in the credit reporting system, and has a serious impact on individuals.

2. The retention period of bank loan default and bad credit reporting records is 5 years. According to the "Credit Reporting Industry Management Regulations", the credit reporting agency's retention period for personal bad information is 5 years from the date of termination of the bad behavior or event. After repaying the principal, interest, and liquidated damages, other banks will not be able to check bad records for more than 5 years. It is worth noting that for now, the credit stain will remain until the loan is settled. Therefore, everyone must cherish their credit record.

3. The retention period for overdue bad credit records on credit cards is 2 years. Credit card repayment information will be recorded by the central bank's credit reporting system on a rolling basis for 24 months. If the card is canceled, the records will be retained for a long time. Therefore, it is recommended that credit card users continue to use the card for two years after paying off the balance. During this period, if they keep their credit in good condition, they can remove the bad records from the credit system by rolling the records.

The above three are based on short-term default. If it is overdue for too long and the overdue information has been uploaded to the People's Bank of China, then pay off the debt and wait for the system to automatically eliminate it after 5 years. Does 360 IOU require home visits?

360 IOU home visits are not illegal. Because for 360 IOU home visits. Since 360 ??IOUs are online loans, users must use 360 ??IOUs for loans. If the loan is overdue, 360 IOU will directly collect collection from the overdue user and will send out visiting personnel to visit the user's home.