Is Zhaolian Finance a formal platform? If loans overdue, how to collect it?

Zhaolian Finance is a formal platform; Loans overdue, you will call and send a text message for collection;

Zhaolian Finance is a licensed consumer financial institution jointly established by China Merchants Bank and China Unicom with the approval of China Banking Regulatory Commission. It has two major consumer financial product systems, namely "good loan" and "credit payment", to provide users with all-inclusive consumer credit services with no guarantee and low interest.

Overdue repayment exceeds the final repayment period stipulated by the bank, and the consumption funds are not deposited in the designated account in full and on time. Overdue interest will be generated, which will affect the credit information, and in serious cases, it will be prosecuted by the court and imprisoned.

Extended data:

Generally speaking, every bank will charge a certain interest for overdue repayment, which is different from each bank, and is generally five ten thousandths of the interest. However, the value date should be calculated from the date of consumption, not from the day after the last repayment date.

It is suggested that if the total amount is not repaid, the minimum repayment amount can be repaid first, without affecting the credit line. At the same time, there will be a buffer period, so that the bank can know the flow of funds in your account in time and will not freeze the account!

When a credit card (debit card) holder chooses the minimum repayment method or uses a card that exceeds the credit limit approved by the issuing bank, he will no longer enjoy the interest-free repayment period, and will pay overdraft interest calculated at the prescribed interest rate for the unpaid part from the bank bookkeeping date.

Baidu encyclopedia-overdue repayment

Baidu Encyclopedia-Zhao Lian Finance