Baixing Credit Report is released, and you will face these consequences if you are overdue!

The recent introduction of the Hundred Lines Credit Investigation System and the implementation of various methods to deal with "bad guys" are really exciting! However, the old man deliberately did not pay back the money, but there will always be people who overdue the money due to negligence, and do not know the adverse effects of overdue payment. This is not like giving a friend a few days to borrow money! I always feel that it’s not non-repayment, it’s just a day or two away, but in fact that’s not the case. The consequences of an overdue loan are also very serious. If you don’t treat it carefully, you may regret it.

There are many examples of trouble caused by overdue payment. My friend Xiao Li is getting married, and his family is planning to buy a wedding house. Everything is going smoothly, but when he applies for a mortgage, he is directly rejected by the bank. The reason for the loan was that I had three past due credit records within two months, so the loan was directly rejected.

I don’t need to mention the rest. Conflicts occurred one after another. In the end, the two families broke up because the father-in-law and mother-in-law thought it was Xiao Li who was playing tricks, and finally broke them up! This incident tells us a truth: It is no small matter to be overdue. Do not let overdue work affect all aspects of your life and career.

Having an overdue loan is not like taking care of your family or borrowing money from your friends. Due to family ties and friendship, it is the uncle who owes money. If you treat banks and lending institutions in the same way, do you think they are vegetarians? If there is no way for you to repay the money, wouldn’t the lending institution become a charity? Want to know the consequences? Find out with me.

Consequence 1: Overdue records will be included in the credit report

Some people may think that just paying some penalty interest for overdue credit is enough. It is not as complicated as it is said on the Internet. But in fact, you may not have seen other harms of overdue loans, such as one of the most devastating consequences - overdue records are included in your credit report.

What does it mean? Even if you pay off the debt, your personal credit report will still show the fact that your loan is overdue. Next time you want to apply for a credit card, or apply for a loan again, it will be affected. There are too many overdue times, and various loan-type financial services Basically it has nothing to do with you.

Consequence 2: Calculation of penalty interest

There is no free lunch in the world. If a financial institution is willing to lend you money, it will definitely charge you interest, and once you fail to repay the loan, Then, I'm sorry, terms such as overdue penalty interest and loan liquidated damages are designed for you.

Penalty interest is one of the most intuitive consequences of overdue loans. It is directly linked to your money. Many institutions have very strict regulations on overdue penalty interest.

The longer the overdue period is, the more the penalty interest will be. In addition to the penalty interest, you may also need to bear overdue fees, collection fees and other fees. To be honest, it is caused by being greedy and not wanting to pay back the money. Penalty interest is very unwise.

Consequence three: being collected, sued, and blacklisted for dishonesty

Another serious consequence of overdue loans is that they will be collected. Text messages and phone calls are common methods. Once these are If it doesn't work, the bank will sort out your loan contract and transfer it to the regulatory department to start prosecuting you. If you fail to repay the loan, you will go to court. As long as the evidence is conclusive and you want to default on the loan, the court will make a judgment and enforce it, and even your only house may be auctioned.

That’s not all. People who are on the “blacklist of dishonest persons” who do not pay back their debts will not be able to board airplanes or high-speed trains. Their bank cards and Alipay accounts will be frozen, and their personal property will be auctioned. It was almost impossible to move. In this way, do you still think that overdue loans are a small matter? So either you don’t apply for a loan, or you apply for a loan and repay it honestly.

Consequence 4: Impact on all aspects of life

If you are included in the credit reporting system because of overdue credit, I'm sorry, but your other life may also be greatly affected. The most direct impact is on loans. If there is an overdue record on personal credit, a small amount will affect the level of the loan, and a serious amount will directly deny the loan. In addition to loans, daily life and travel will also be affected, such as not being able to buy air tickets, not being able to go abroad, not being able to buy high-speed rail tickets, etc. Don’t think that those who pay back their money on time are fools. If one person is overdue, the whole family will suffer!