Does anyone know what will happen if you don't save it?

The consequences of saving time are as follows:

1. When you fail to repay the loan within the time limit, the platform will regard you as a breach of contract and charge a late fee of 5% of the principal. It will also charge a certain overdue penalty interest according to the contract. Overdue penalty interest will increase your burden.

2, platform fancy collection. You may encounter phone calls, text messages, door-to-door collection and other collection behaviors;

3. Records are uploaded to the credit information system. If it is overdue, the province will upload your bad records to the credit information system, which will affect your loan business.

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Saving overdue payment has the following consequences (for your reference):

1, high penalty interest

When you have overdue repayment, the platform will charge a late fee of 5% of the current unpaid principal, and a penalty of 0.65438+ 0% of the current unpaid principal every day from the last repayment date.

2. Affect the credit record.

In case of overdue, the overdue records will be uploaded to the credit information system of China People's Bank by the provincial platform, which will affect your application for other financial services in the future.