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What impact will loans overdue have?

Failure to pay high penalty interest on overdue loans may affect credit records. If the borrower fails to repay the loan for a long time, the loan platform may apply to the court for litigation or arbitration, and apply to the court for enforcement according to the judgment or arbitration ruling. At that time, the borrower will bear the corresponding legal consequences, so it is recommended that you repay the loan in time.

Response time: 2021-11-18. Please refer to the latest business changes announced by Ping An Bank in official website.