What will happen to An Xinhua?

Overdue collection, credit record damage, legal proceedings and other consequences.

1. overdue collection: at the beginning, Anhua will remind the repayment by SMS, telephone, etc. This method usually starts within a few days after the deadline and will last for a period of time.

2. Damaged credit record: Long-term non-repayment or frequent overdue will affect your personal credit record. This will lead to difficulties when you apply for loans, credit cards or other financial services in the future.

3. Legal proceedings: If the overdue amount is large or the overdue time is long, An Xinhua has the right to choose to recover the arrears through legal channels. In fact, 90% of the historical litigation cases of consumer finance companies are caused by the breach of microfinance contracts.