What will happen if the staged music is overdue?

What will happen if the staged music is overdue?

1. overdue fee: once the repayment date is exceeded, the corresponding overdue fee will be generated. The longer the overdue payment time, the more overdue expenses will be incurred. 2. Affect personal credit and future card and loan processing: Once installment music is overdue, it will damage personal credit, and it is likely to leave a bad credit record in the credit report. Once the bad records are left in the credit report, they will be deleted by the system after being kept for at least 5 years. If you apply for a card or loan in the future, you will probably be rejected because of bad credit. 3. Being sued: If the installment music fails to pay back the money, after more than 90 days, the installment music has the right to sue. At that time, if a lawsuit is brought to the court by stages, after the court decides, if the customer still fails to repay the loan, it is likely to be listed as an executor of breach of contract. What are the consequences of staged music?

The borrower has to repay the loan in installments. The impact of the borrower's failure to repay the loan in installments is as follows:

1. The borrower will be blacklisted by installment music and cannot borrow money in installment music;

2. The borrower will be collected by installments, and the borrower's address book contacts will be called for installment collection, which will affect the life of the borrower and the borrower's contacts;

3. The borrower bears a high overdue fee for the staged music meeting. The longer the overdue time, the more expenses he bears;

4. The borrower's credit information will be tainted and will be reported to the credit information system in stages.

5, credit overdue, affecting the normal credit behavior of individuals;

6. The overdue penalty interest is more than 50%, and the interest is rolling, which makes your repayment pressure more and more serious;

7. Collection, mainly by telephone, may disturb your relatives and friends;

8, the court prosecution, serious cases may go to jail.

Consequences of being sued by the court

According to the loan contract and guarantee contract (mortgage or pledge contract), the loan bank will sue the court, and the court will take measures such as property preservation, including freezing the deposits in all bank accounts of you and the loan guarantor and sealing up the pledged property. After the judgment is made, the property will be enforced according to law (deducting deposits, auctioning collateral, etc.). ) to repay the bank's loan losses. Specifically, it includes: loan principal, loan interest, overdue interest, penalty interest, and all litigation costs arising therefrom, and related expenses incurred when disposing of pledged property.

Your credit will be affected. If you take the company as the borrower, your company will be recorded in the national bank credit information system, and the loan in your personal name will also be recorded in the national personal credit information system for overdue loans. If the lending bank doesn't erase your records, you may not be able to get loans from all banks in the future.

Installment music owes more than 10 thousand yuan. What are the consequences if it is overdue for more than one year?

1. Credit information will leave a stain: after overdue by stages, the platform will report the overdue situation of customers to credit information, leaving a record of non-performing loans on the credit information report, which will be affected when customers carry out credit activities or apply for some positions in the future. After the credit information is damaged, even if the customer pays off the overdue loan, the overdue record will still be kept for 5 years, which will affect the customer for a long time.

2. It will be collected by the platform: once in loans overdue, the platform will definitely contact customers by phone or SMS to urge them to repay overdue debts as soon as possible. Under normal circumstances, the platform will only accept the customer himself and will not harass the customer's family.

3. Generate a large number of overdue penalty interest: After the installment music is overdue, the platform accountant charges the customer with overdue penalty interest, and the penalty interest for one day overdue is more than the normal loan interest. The longer the customer is overdue, the more penalty interest will be generated.

4. The loan contract will be terminated in advance: if the customer is overdue for a long time and has no intention to settle the overdue debt as soon as possible, the platform will terminate the loan contract in advance according to the loan contract and require the customer to settle the loan in advance, which will directly increase the repayment pressure of the customer.

5. Malicious overdue will be prosecuted: For example, if the customer clearly has the repayment ability, but still deliberately defaults on the loan, in this case, the platform will solve the customer's debt problem through legal channels and sue the customer to protect its own rights and interests.

6. Impact on loan big data: After loans overdue, some measures taken by the platform will have a negative impact on customers' loan big data. After the big loan data is destroyed, customers who apply for loans on other platforms will also be affected.

7. Enter the list of untrustworthy people: If the customer still fails to repay the loan as agreed after the platform sues the customer, and refuses to perform the debt responsibility, then the customer will be included in the list of untrustworthy people, and the future life and transportation will be restricted to high consumption.

8. Impact on installment credit line: loans overdue shows that the risk of customers is rising. In order not to further expand the risk, the platform will reduce the installment credit line of customers or freeze the credit line of customers, which will make it more difficult for customers to continue to use loans in the future.

9. Loss of preferential loan policy: Before loans overdue, the platform may provide preferential loan interest rates to customers with good credit. However, once the customer is overdue, the system is likely to revoke the preferential policy. If you borrow money in the future, you will have to bear a higher loan interest rate and increase the debt expenditure of customers.