What if the mortgage deduction fails?

If the repayment fails after the automatic mortgage deduction time, you should first go to the bank to repay as soon as possible. If overdue repayment has been involved, explain the reasons for overdue repayment to the bank; Secondly, understand the reasons for the failure of repayment. If the repayment fails due to insufficient funds in the card, sufficient balance should be stored in the repayment card.

There are two main reasons for the failure of automatic loan repayment. One is that the deposit time is too late, and the other is that there is something wrong with the banking system.

1, deposit time is too late. Generally speaking, when we repay the loan, we deposit the money in the account designated by the bank, and then the bank will automatically deduct the money. However, many people will transfer money on a certain day after the repayment date, and the banking system will generally start to deduct money in batches at a fixed time, so if you deposit it too late, it is likely that the automatic repayment of the loan will fail.

For details, please refer to Basic Knowledge of Loans: Is the repayment overdue on the loan repayment date? .

It is worth mentioning that if the repayment in the card is insufficient, the automatic repayment of the loan will also be invalid. Many people only save the minimum repayment amount, which may be caused by some calculation errors.

2. Problems with the banking system If you make sure you have enough money in your loan repayment account and save it early. Then it is also possible that there is something wrong with the banking system, but this probability is relatively small. If it really happens, you can go to the bank outlet and ask the counter staff. If the situation is true, the bank can help to issue a certificate, which has the least impact on personal credit information.

What if the mortgage is overdue?

1. Overdue repayment after the repayment date will be recorded in the credit report; Overdue bad records will be recorded in personal credit records, and if they are not returned all the time, they will be blacklisted, which will affect personal credit information; Handling methods and consequences of bad credit reports; Ensure that the arrears are paid off in time and pay all expenses.

2. Bad records can be cleared automatically after five years, and loan business can be handled normally at that time; If there is no repayment, the bank can trace it back once after five years, and the non-recording period will be increased by five years; If the circumstances are bad, it can be traced back to permanent preservation.

3. During the period of bad credit reporting, you can't buy train tickets or plane tickets to travel; During the period of bad credit investigation, loans and credit cards cannot be used; During the period of bad credit reporting, travel abroad is restricted.

3. If all the consumption funds are paid off before the due repayment date of the current billing cycle, credit card consumption can enjoy an interest-free period without generating cyclic interest. If you use the cash advance function, you can't enjoy the interest-free period for the cash advance part. Interest will be calculated from the day of withdrawal, with a daily interest rate of five ten thousandths, and compound interest will be calculated monthly until it is paid off.

Matters needing attention

It should also be noted that commercial loans and provident fund loans are printed in different ways. There are generally two printing channels for repayment records of commercial housing loans, one is printing at business outlets, and the other is printing directly through online banking of loan banks. If you are going to print in a branch, remember to make an appointment in advance and bring your ID card and repayment bank card. If it is online banking printing, you need to open online banking in advance and prepare the printer.

If you buy a house through a provident fund loan, you need to go to the provident fund management center or an office to print the mortgage repayment record. If it is a portfolio loan, the proposal can be printed separately or in a commercial bank that handles portfolio loans.