What will happen if Jixiang Puhui’s Yidaibao does not repay the money?

Yidaibao is listed on the credit report. If you borrow money from Yidaibao and fail to repay it, it will affect your personal credit report. In more serious cases, the debt collector will call the borrower's children and threaten them. Then, formal online loan platforms will use formal legal channels to protect their legitimate rights and interests. First, they will notify the borrower of the overdue situation through text messages and phone calls. If the borrower still does not repay, then will be taken to court.

1. About Yidaibao!

Yidaibao is a product launched by Jixiang Puhui under Pacific Ocean. It is mainly a loan product for those customers who have insurance policies. As long as they have insurance policies, they can apply for a loan. This loan product is negotiated with banks in various places. At present, the cooperative lending companies are mainly Nanjing Bank, so their products will definitely be subject to credit checks, and they will also be subject to credit checks. There will be a return call when applying for a loan. Generally, after submitting the materials, you must pay attention to answer the return call. The return call is to verify your basic information. If the verification is correct, the application can be successful.

2. Consequences of Overdue

As mentioned just now, Yidaibao is a formal online loan platform. Once it is overdue, it will be the same as applying for a loan at a bank. The credit report will be blacklisted. After being put on the blacklist, we can no longer apply for a loan from Yidaibao, and the money we borrowed before must be repaid. If the amount of the loan is large and Yidaibao sues us, the borrower's house and the car will be repossessed by the court. Then at this time, the court will sell the borrower's house and car in accordance with the law to use it to repay the platform.

It can be seen from the above that no matter which software platform you borrow money from, you must repay it. This is a very important thing. If you fail to repay, some informal online loan platforms will use violent collection methods. Violent collection means calling the borrower's contact number, which will also affect the borrower's life and work.