What should I do if I travel to loans overdue on the same journey?

Overdue interest and fines, credit record damage, collection measures, etc.

1, overdue interest and liquidated damages: the borrower shall pay overdue interest and liquidated damages for the same journey to loans overdue. Overdue interest is an extra fee calculated according to the number of days overdue and the loan amount, and a fine is a punishment for overdue repayment.

2. Credit record damage: overdue repayment will have a negative impact on the borrower's credit record. Overdue records will be reported by credit reporting agencies, which will lead to a decline in credit rating and affect the borrower's future credit application and loan approval.

3. Collection measures: Take collection measures for Tongcheng to recover overdue debts. This includes telephone collection, SMS reminder, lawyer letter collection and other means. If the borrower refuses to repay or is unable to repay, Tongcheng will take legal measures such as prosecution or application for enforcement to recover the arrears.