What will happen to Fanpu Credit?

First of all, overdue will affect your credit information according to the length of time. Serious overdue (more than 90 days) credit information is a black account, and you can't apply for any loan business before you pay it off. Secondly, overdue will generate additional expenses such as liquidated damages and overdue interest. It is nothing new that the final interest is longer than the principal for a long time. Please be careful.

1. Will it be prosecuted?

The first key question whether you will be prosecuted is the overdue amount. If your overdue amount is 3,000 to 5,000 yuan, or even only a few hundred yuan, the recovery money obtained by suing you may not be as good as the cost paid for it. Therefore, for small funds, banks generally hang accounts directly and rarely sue. However, in order to bring small amounts of funds into the Lao Lai side and affect personal credit reporting, it is not worth the loss, so there are fewer people who owe small amounts in reality.

To sue, the general minimum is 30,000 yuan (considering the low amount of flowers, Alipay may lower the prosecution standard, but it is estimated that it will start from 1 10,000 yuan). After the deadline, you usually call to collect it first. If you don't pay back, you will further contact your relatives and friends and ask them to inform you of the repayment. After the failure of self-service collection, some banks will entrust a third-party agency to collect (some do not). If the third-party institutions can't get it back, some banks will directly package and transfer these non-performing assets to asset management companies, and some banks will be ready to sue, but these behaviors are generally overdue for half a year.

2. Will you go to jail?

The probability of small funds going to jail is too low. For example, on 20 18, the Supreme People's Court and the Supreme People's Procuratorate jointly promulgated the "Decision on Amending the Interpretation of Several Issues Concerning the Specific Application of Laws in Handling Criminal Cases of Impairment of Credit Card Management", which improved the conviction and sentencing standards of the original crime of malicious overdraft credit card fraud. The minimum amount of filing a case is 50,000 yuan, so even if you go to court, the amount will not exceed 50,000 yuan, and at most it will be included in the information of the person who has lost his trust and restrict all high consumption. Of course, after the judgment, if it is still not fulfilled, Alipay can apply for enforcement. As long as you have assets, you may be enforced by the court.