What will happen if Xinxiangtong is overdue for 5 days?

If Xinxiangtong is overdue for 5 days, collection by SMS or telephone will affect personal credit information.

The consequences of overdue loan failure are:

1, which will result in high overdue penalty interest;

2, will collect; Generally speaking, after the loan is overdue, the banking institution will immediately arrange for people to notify by phone or SMS. Although there will be no violent collection, there will be some phone calls. If it is overdue for a long time, the bank may outsource the debt to a third party company, and the daily life of the borrower will be affected to some extent.

3. It will affect credit. As long as the borrower is overdue, personal credit will be damaged, and this record will be kept for 5 years. During this period, if the bank credit business is to be handled, the auditors will focus on checking the credit records. If the loan is in arrears for a long time, it will lead to the formation of bad debts, which can basically be regarded as black households.

4. If the borrower still refuses to repay the loan after the judgment of the court, the lender may apply for compulsory execution, and the court will seal up and freeze the property of the person subjected to execution according to law;

5. If the person subjected to execution has the ability to perform and refuses to perform, the court may include the person subjected to execution in the list of untrustworthy persons;

6. If the circumstances are serious, it may constitute the crime of refusing to execute the judgment.

So if your loans overdue dies, I suggest you raise money to repay it as soon as possible. If you are temporarily unable to repay the full amount, I suggest you negotiate with the other party. You can refer to the following negotiation skills:

1. First of all, explain your current situation to the other party sincerely, and hope that the other party can give you deferred repayment or installment repayment;

2. Combine your current funds and your future income, and make a repayment plan for the other party, so that the other party can see your sincerity and agree with your plan with great probability;

3. Try to have a good talk with each other and ask them not to send you a collection message or make a collection call. This will affect your work, but it will affect your repayment schedule.

Finally, I hope the other party will not sue you, which will be very troublesome in the future.