What are the consequences of Suning's overdue payment? There are more serious things than the last credit report!

Many people are familiar with Suning's discretionary payment. It is a personal consumption credit loan product of Suning Consumer Finance, and many people can use it to pay for large purchases in Suning. However, some people are overdue for various reasons. What will happen if Suning takes the initiative to pay overdue? In fact, there are more serious things besides credit reporting. Let's have a look.

1, overdue fine

Once it is overdue, your wallet will suffer first. If Suning's voluntary payment is overdue, it needs to pay overdue liquidated damages. The specific calculation formula is:

Overdue liquidated damages = loans overdue principal × overdue days × Don't underestimate this little money, it can also cause you great economic pressure, and it will be even more unbearable.

2. Freeze accounts

After Suning's voluntary payment is overdue, in order to reduce losses, the account may be frozen. At that time, you will no longer be able to use voluntary payment for consumption or withdrawal, and you can only repay. And if there are other loan products under Suning's consumer finance, it will also affect the use.

3. Report credit information

As we all know, Suning's arbitrary payment is compulsory. Once overdue, you can see the overdue record in the credit report within one month. If you want to borrow money to buy a house and a car in the future, even going abroad will be greatly affected.

Step 4 be collected

If Suning takes the initiative to pay overdue, there will be customer service calls and text messages to inform you of the repayment. If you refuse to repay, you may outsource this account to a collection company, and then you will face even crazier collection. If the amount involved is huge, there is a risk of being sued.

The following are four common points about "what are the consequences of Suning's overdue payment". In fact, it may be more. I suggest you repay it in time to avoid irreparable losses to yourself.