What will happen if crayons are not repaid in installments?

Failure to repay crayons in installments will have the following adverse consequences:

1. Failure to repay will have a great impact on your credit information.

2. In the future, loans from other platforms will be recorded and may be blacklisted.

3. There will be overdue fees. If the principal is high, the overdue fee will be charged in proportion and will increase with the increase.

4. You can consult the customer service of crayon staging, 400652832 1.

5. Crayon staging belongs to the service platform, which mainly serves the education staging, and it is still relatively humanized.

Suggest normal repayment.

Extended data:

overdue loans

According to the relevant provisions of the Contract Law, the borrower fails to repay the loan within the time limit stipulated in the loan contract, which is a breach of contract and should bear the liability for breach of contract. The ways to bear the liability for breach of contract include returning the loan principal, paying the interest during the loan period agreed in the contract and paying the interest of loans overdue. Repaying the loan principal and paying interest within the loan period agreed in the contract will generally not cause disputes because the parties have clearly agreed in the loan contract;

There is a great dispute between the parties about the interest on overdue loans, and the standards applied by judges in hearing such cases are not uniform, which affects the authority of the law. Lawyers believe that it is necessary to integrate this issue so that everyone's understanding can be unified.

The funds invested by banks in such loans may or may not be recovered in the future. There is a great possibility of losses, and commercial banks usually have to impose a penalty interest on such loans. Overdue loans are the problem assets of banks. Commercial banks should maintain a high capital reserve, and the reserve ratio is generally 50%.

References:

Baidu encyclopedia: overdue loans