What will happen if Xiaoman Finance does not repay?

There may be the following consequences after a few hours overdue.

Second, the specific analysis

The 1. quota was cancelled or reduced.

Although Xiaoman Financial's loan line can be effectively recycled for a long time, it will be overdue for many times, resulting in bad credit and lower system irregular score, thus canceling or reducing the borrower's credit line.

2. Pay several overdue penalty interests.

The overdue amount shall be charged with penalty interest at 0.5 times of the normal interest rate of 65438+ every day.

For example, if the normal daily interest rate is 0.04%, one sum of RMB 5,000 is overdue 10 and the other sum of RMB 2,000 is overdue for 20 days, then the total overdue penalty interest = 5000 * 0.04% *10+2000 * 0.04%.

3. Report the overdue records to the People's Bank of China for credit investigation.

If the repayment date is overdue, even if it is overdue, the number and duration of overdue will be truthfully reported to the People's Bank of China for credit investigation. Once the credit center is updated and displayed, it will not disappear within 5 years, and the borrower must bear the negative impact caused by overdue records.

Just search: quick view of the shell tip. Click "Query" and enter information to query your own 100-bank credit data, which come from more than 2,000 online lending platforms and UnionPay centers across the country. Users can query their big data and credit status, obtain various indicators, and query their personal credit status, online black index score, blacklist, online loan application record, application platform type, overdue amount, credit card and online loan credit estimated amount and other important data information.

Third, will Xiaoman's financial overdue be discovered?

Small and full financial overdue are generally not found.

1. For overdue payment, Du Xiaoman Finance mainly uses SMS and telephone. If the borrower can't be contacted, he can call his contact.

2. Door-to-door dunning mainly occurs between some online small loan companies or private lending platforms, and Xiaoman is a formal financial institution approved by the China Banking Regulatory Commission and holds a financial license. This kind of dunning is rare.