Is there a grace period for stage music?

There is no grace period for staged music. If the borrower fails to repay after the repayment date, it is overdue. Users are advised to repay in time to avoid affecting credit.

Staging music is a consumer financial service platform under Shenzhen Staging Music Network Technology Co., Ltd., which mainly provides consumer staging and loan services for young people. Users can spend first and then repay in installment music mall, and purchase goods through installment music with zero down payment, up to 36 installments. It also provides credit loan services for users. The term of the loan products provided by installment music is 1 -36, and the maximum loan amount is 50,000 yuan.

Take installment music version 6. 16. 1, Apple 13(IOS 15.2 system) and Huawei mate40(HarmonyOS2 system) as examples. If users use installment music for a long time, the following consequences will occur:

First, the overdue record of installment music directly leads to poor personal credit reporting.

2. After overdue, overdue interest shall be collected on a daily basis. The longer the overdue time, the more overdue interest.

3. During the overdue period, the installment music will collect the users. In the early stage, we will call and SMS for collection, and then come to the door for collection. If the user owes a lot of money and the arrears are too long, he may sue the installment music through the court.

4. After the installment music is overdue, users can't use the installment music again. Even if the overdue debts are paid off, there is no guarantee that the staged music will be used in the future.