Shanghai Minsheng overdue SMS

This is the dunning phone number of Minsheng Bank. I suggest you pay off your debts as soon as possible so as not to affect your life.

After the credit card is overdue, the consequences of different overdue times are different;

1. 3-90 days overdue

During this period, the bank will usually send you a short message to remind you that it is time to repay. If it is overdue for too long, you will be charged a penalty interest.

One to two months overdue, the bank will call you with a special collection phone to urge you to pay back the money as soon as possible, and call you every few days, but the attitude at this time is still very mild, just reminding you;

In terms of credit investigation, if the arrears can be paid off within 1 month, the problem is not serious; If it is overdue for 2 months in a row, it will still be saved.

2. 90- 180 days overdue

During this period, the bank will send you a reminder letter and then call your relatives and friends (that is, the contacts left when applying for a credit card);

If your overdue amount is high, someone may go to your residence or work place to collect the money. This stage is usually entrusted by the bank to a third party.

Overdue interest: refers to the default interest generated by loans overdue, specifically the overdue default interest generated by the lender's failure to repay the loan as agreed in the contract.

The general operation is to increase the penalty interest by 30%-50% on the basis of the original loan interest rate, and the specific algorithm depends on the different circumstances of each case.

Based on:

Notice of the People's Bank of China on Issues Concerning the Interest Rate of RMB Loans (Yinfa [2003] No.251)

Branches and business management departments of the People's Bank of China, policy banks, wholly state-owned commercial banks and joint-stock commercial banks:

In order to steadily promote the reform of interest rate marketization and give full play to the regulatory role of interest rate leverage. The relevant matters concerning RMB loan interest rate and interest settlement are hereby notified as follows:

I. On the interest settlement of RMB loans. The interest settlement method of RMB loans (not suitable for individual housing loans) shall be determined by both borrowers and borrowers through consultation.

II. Adjustment of loan interest rate during the contract period. The interest rate of medium and long-term RMB loans is fixed from the original one-year period to be determined by both borrowers and borrowers according to commercial principles, which can be adjusted monthly, quarterly and annually during the contract period, or a fixed interest rate can be adopted.

The interest rate of loans with a term of more than five years shall be determined independently by financial institutions with reference to the interest rate of loans with a term of more than five years published by the People's Bank of China.

Third, on the issue of penalty interest rate. The default interest rate of overdue loans (loans that the borrower fails to repay on the date agreed in the contract) is adjusted from the current daily interest rate of 2. 1% to 30%-50% higher than the loan interest rate stipulated in the loan contract; If the borrower fails to use the loan according to the purpose agreed in this contract, the penalty interest rate will be changed from the current daily interest rate of five ten thousandths to 50%- 100% higher than the loan interest rate stipulated in the loan contract.

For loans that are overdue or not used according to the purpose agreed in this contract, interest will be charged at the default interest rate from the date when they are used in loans overdue or not according to the purpose agreed in this contract until the principal and interest are fully paid off. For the interest that cannot be paid on time, compound interest shall be calculated at the penalty interest rate.