What will happen if Jingdong Baitiao expires?

What will happen if the repayment of Jingdong Baitiao is overdue?

If the repayment of Jingdong Baitiao is overdue, the following adverse consequences will occur:

1. Penalty interest will be calculated from the overdue date until all the debt is paid off, which is a breach of contract. The gold daily rate is 0.07%.

2. Overdue situations will be reported to the central bank credit report by the system, leaving a bad record in the personal credit report, thus causing damage to personal credit.

3. The system is likely to implement risk control reduction, or even freeze the limit and close the account. And because of credit problems, users will most likely be blocked from applying for credit loans at other financial institutions. What will happen if Jingdong Baitiao fails to repay on time

1. Hello, if Jingdong Baitiao fails to repay the loan overdue, the central bank will report the credit report. At the same time, you will also need to pay a large amount of liquidated damages, and the rate will be approximately 0.07%/day. At the same time, the overdue Baitiao will also affect the use of the Baitiao account. Once the payment of Baitiao is stopped, the account will not be able to consume and withdraw cash normally. Jingdong Baitiao is a credit product launched by Jingdong to facilitate users who cannot afford large-ticket products such as mobile phones due to temporary financial constraints. If users have difficulty in repaying after using it, they can choose the minimum repayment or installment repayment relief. Repayment pressure.

2. This high-limit credit card can make your dreams come true! Light up your dreams! !

3. Hello, JD.com’s IOU is linked to the central bank’s credit reporting system. Once it expires, JD.com has the right to provide your default information to relevant government management departments, industry regulatory agencies or other legally established credit reporting agencies. RIGHTS OF GOVERNING BODY. In other words, your bad credit record will be recorded on your personal credit report, and it will be difficult to borrow money from banks in the future. If you are under repayment pressure due to temporary financial constraints, you can apply for installment repayment. I hope you can repay the loan in time and don't overdue it, so as not to affect your personal life in the future.

For more information about what will happen if JD Baitiao fails to repay on time, enter: View more content What will be the consequences if JD Baitiao fails to repay on time?

JD Baitiao is the first Internet consumer financial product in the industry. There is no grace period for JD I-Tiao, and one day overdue will affect your credit report. After affecting your credit score, it will affect your home purchase loan. It should be noted that if it is due to forgetting and waiting for no reason, after one day of overdue, you can call JD Bainote customer service to explain that the overdue behavior is unintentional and apply for exemption from overdue records.

1. The consequences of not repaying the Jingdong white paper;

1. Late fees incurred

If the white paper is not returned, overdue fees will be incurred. If you do not repay in full on the final repayment date, JD Finance will charge a daily service fee at a daily interest rate of 0.05%. In addition, if you fail to pay the minimum amount, in addition to the service fee, you will also be charged liquidated damages on a daily basis, with a liquidated damages rate of 0.015%.

2. Impact on personal credit

Since Jingdong’s white tickets have been connected to the central bank’s credit reporting system, if the white tickets are not repaid, the overdue debt record will be reported to the central bank’s credit reporting system. At that time, you will have a bad credit record on your personal credit report, and your personal credit will be affected. The blank note will also affect your novice credit.

3. Impact on the use of white notes

If you do not return the white notes, the system is likely to reduce your white note limit to avoid risks, and may even stop the white note account. And you may no longer be able to use white notes properly.

4. Collection

After the white banknotes are overdue, you may receive text messages, phone calls, letters, door-to-door collection, or even be sued.

2. Jingdong White Paper is an Internet consumer financial product launched by Jingdong. Customers can use white slips to "consume now and repay later." Users can enjoy up to 30 days of payment deferral or up to 24 installments.

“Consume now and pay later”, enjoy up to 30 days interest-free period and up to 24 installments. Log in to the Baitiao official website or the JD Financial app Baitiao, and you can independently enter the page to apply for activation. JD.com users are eligible to activate the "white paper" for shopping in the mall.

The person in charge of risk control of JD Financial’s Consumer Finance Division revealed that the credit business of consumer finance does not require manual approval and users are identified through the risk control big data model. The backend risk control system will "identify" the user based on shopping habits, credit status, stability of the delivery address, etc., combined with a variety of factors and data, and then quickly provide an evaluation result of whether the "blank note" is acceptable.

Paying back the IOU after the due date in a short period of time will not have much impact on the account. As long as we return the Baitiao in time, the account can be restored to normal without affecting the use of the Baitiao function. If you do not return it for a long time, you will receive a repayment reminder from the platform. After that, if you do not return it in time, your account and individual will gradually begin to be affected. What should I do if Jingdong Baitiao is overdue?

What will happen if Jingdong Baitiao is overdue? 1. Overdue penalty interest: If the minimum repayment amount is not paid off before the repayment date, the system will charge you a daily fee The current overdue fee for JD Baitiao is 0.07%/day, and penalties will be charged on a daily basis for overdue items.

The calculation formula for overdue fees for bill-based IOUs is: total liquidated damages = total amount payable and unpaid × liquidated damages rate × number of days of default;

The calculation formula for overdue fees for order-based IOUs It is: total liquidated damages = total amount payable and unpaid (all outstanding principal + all outstanding installment service fees) * liquidated damages rate * number of default days.

2. Overdue processing: Baitiao will not be able to participate in Baitiao activities after it expires, and will retain the right to provide your default information to relevant government management departments, industry regulatory agencies or other legally established credit management agencies. right.

It is recommended that you maintain good consumption habits and make repayments on time, so that you can accumulate good credit and enjoy better financial services.

If JD.com reminds users multiple times that they fail to repay when due, the liquidated damages will be 0.03% per day.

That is, after 30 days or if one installment is not paid, you may receive a complaint.