Is there a three-day grace period for Hubei consumer finance?

Hubei Consumer Finance’s regulations on loan repayment are that the loan must be repaid in full on the repayment date stipulated in the contract, otherwise it will cause overdue payment and have a negative impact on the credit report. The official did not clearly state that there is a grace period for repayment, and according to feedback from some netizens who have applied for loans on Hubei Consumer Finance, there are cases where the loan has been reported to the credit report just one or two days after the due date, so Hubei Consumer Finance There should be no three-day grace period.

1. Hubei Consumer Finance

Hubei Consumer Finance is a consumer finance company approved by the China Banking and Insurance Regulatory Commission. It has a formal consumer finance license and its main shareholder is Hubei Bank. Therefore, Hubei Consumer Finance is a loan platform that meets the credit requirements. After you obtain a loan from Hubei Consumer Finance, you must repay and use the money in strict accordance with the regulations.

In addition to credit reporting at meetings, Hubei Consumer Finance also has other punitive measures for people whose loans are overdue, which will also make debtors very distressed. Including:

1. On the first day when the borrower becomes overdue, Hubei Consumer Finance will start to charge overdue fees from the borrower in accordance with the proportion stipulated in the contract;

2. Hubei Consumer Finance will lower the comprehensive credit score based on the borrower's overdue degree until the debtor is blacklisted;

3. Hubei Consumer Finance will arrange staff or third-party collection agencies to collect debts. Collection of debts;

4. When overdue behavior is very bad, Hubei Consumer Finance will entrust a lawyer to collect debts through legal channels;

5. When the borrowing behavior is fraudulent , Hubei Consumer Finance Association chose to report to the public security organs.

2. Hubei Consumer Finance was relatively user-friendly during the epidemic

1. As a consumer finance company in Hubei Province, Hubei Consumer Finance stated that it would extend the grace period for repayment of customers in Hubei epidemic areas to 30 days, and the repayment grace period for customers outside Hubei Province has been extended to 15 days. At the same time, the repayment interest will be waived for loan customers diagnosed with COVID-19.

2. The epidemic is raging, offline consumption has been affected, and passenger volume, movie box office, tourism revenue and catering revenue have declined significantly year-on-year. Consumer finance companies cannot escape the impact, especially industrial consumer finance companies that rely on offline channels and scenarios to conduct business.

3. However, the people most affected by the epidemic are ordinary people in the affected areas. In the face of natural and man-made disasters, there is no business, only love and help. Consumer finance companies have actively participated in the fight against the pneumonia epidemic and introduced practical measures to help people affected by pneumonia overcome difficulties, which reflects the courage and great sense of social responsibility of consumer finance practitioners.