Does the Pacific enjoy loans overdue too much?

1. If it is overdue, penalty interest will be added. Once the repayment is overdue, the lending institution will not only inform the borrower (enjoy low-interest loans) to repay in time, but also charge penalty interest according to the corresponding standards, and some products also have liquidated damages.

2. Overdue records are recorded in credit information. Once overdue, it may be reported to the central bank's credit information system. After accessing the credit information system, overdue information will affect personal credit.

3, will be a variety of collections. If the borrower fails to repay the loan within the time limit, the lender will go through the collection procedures in order to recover the arrears, such as SMS collection, telephone collection, door-to-door collection and so on. At that time, not only will your life be affected, but if you leave emergency contact information or read the address book, your relatives and friends will also be harassed by various collection calls.

4. Will be blacklisted by the bank. People blacklisted by banks will not be able to take planes, high-speed trains, accommodation, etc. More seriously, children will not be able to go to key schools; There will be more punishments in the future, so it can be said that life is hard.

Overdue loans:

Loans overdue usually refers to the phenomenon that after the loan expires, the borrower fails to repay the principal and interest of the loan to the bank that issued the loan according to the loan term agreed in the loan contract, and fails to go through the relevant extension or lending procedures, resulting in the loan exceeding the agreed term.

Refer to the above? Baidu Encyclopedia-loans overdue