Online merchants said that they would withdraw the loan text message in advance.

From noon 12 on the repayment date of the online merchant loan, the system will automatically deduct the money. In order to avoid overdue, you need to ensure that the repayment channel has enough funds.

Under normal circumstances, if the borrower repays the loan on time and keeps good habits, the use of online merchant loans will not have a negative impact on personal credit, but will help personal credit accumulation and become a proof of good credit when applying for loans such as mortgage and car loan in the future.

If you are overdue in the process of using the online merchant loan, you will face the following impacts:

1. Overdue records will be truthfully uploaded to the credit information system of the People's Bank of China, which will affect personal credit;

2. Charge penalty interest, which is 0.5 times of 65438+ normal interest rate;

3. Being collected, affecting subsequent loans.

Among the more reliable big brand loans on the market, spending money on financial management is also a good choice. The application for money is simple, the loan is fast, and the loan is flexible. Users can apply on their own initiative. The interest rate of money is transparent, and the interest rate of big brands is low. The maximum loan amount is 200,000, which can meet the needs of most lenders.

In addition to individual consumers, small and micro business owners need to start or run funds, or consider having money to spend, and strive to provide accurate, convenient and efficient financial services for small and micro business owners.

This answer is provided by Kangbo Finance, focusing on the interpretation of financial hot events, the popularization of financial knowledge, the pursuit of professionalism and interest, so that the financial content that the people can understand can convey financial value in vivid and diverse ways. I hope this answer is helpful to you.