How many days after the provident fund is overdue? Teach you how to repair your credit.

After handling the provident fund loan, it needs to be repaid on time, but due to various reasons, the amount in the lender's repayment account is insufficient, and the bank's deduction will be overdue if it fails. What I am most afraid of is the impact on credit reporting. Let's take a look together. Provident fund repayment will be overdue for several days.

1. How long will the repayment of provident fund be overdue?

Although provident fund, like credit cards, is a kind of bank credit business, most credit cards have a grace period, and repayment within three days after the repayment date is regarded as normal repayment, but provident fund loans are not. If the basic bank fails to deduct money successfully on the repayment date, it will be overdue, and then the bank will report the overdue record to the central bank's credit information system, which will affect the credit information.

However, how long it takes to receive the credit information depends on the time reported by the bank. The new version of credit information requires all institutions to submit data to the credit information center at the collection time T+ 1, that is, the data collected on the 20th of this month must be reported on the 20th of this month, and the credit information report will be updated this month.

Second, what are the consequences of overdue repayment of provident fund?

1 penalty interest. First, a penalty will be charged, and then from the first day of overdue, interest will be charged according to the contract until the arrears are paid off.

2. Be collected. If it is overdue for less than 3 months, it will be collected by bank SMS or telephone. The longer it is overdue, it may even be collected at home.

3. If loans overdue lasts more than 3 months, he may be sued by the bank, demanding to pay off the remaining loan principal and interest in advance, otherwise he may be sold.

Third, how to repair the overdue repayment of the provident fund?

1. Timely repayment: After the first deduction fails, the bank will make the second deduction on the day after the repayment date. After the deadline, it is best to deposit enough funds in the repayment account after the second deduction. After successful repayment, bad credit records will not be eliminated within 5 years, and will be automatically deleted after more than 5 years.

2. Eliminate the impact: after the overdue repayment of the provident fund, the credit is received. As long as the number of overdue times does not reach three consecutive times, the impact is still very small. If possible, it is best to ask the bank to issue a non-malicious overdue certificate. Although it may not eliminate bad credit, it will reduce the impact of overdue.