What's a day like in loans overdue?

Loans overdue will not have serious consequences for one day, but he may contact the contact person in the borrower's address book by phone.

1. loans overdue, a new orange product, will report everyone's bad records for credit investigation after a period of time. In this way, the borrower's credit record will leave a negative information record. It is difficult for people with serious negative information in their credit reports to apply for loans and overdraft card. If you go to some units for an interview, you are likely to be avoided because of poor credit information.

2. After the lender loans overdue, the new orange quality products will be collected by the staff. At the beginning, the staff of the new orange premium product will collect it by phone and SMS, and the frequency is low. With the increase of loans overdue time, the collection scope of new orange premium products will become wider and wider, which will not only increase the collection frequency, but also continue to call mobile phone contacts.

3. Like other lending platforms, the penalty interest of New Orange Premium cannot be reduced after loans overdue. At this stage, the penalty interest of new orange quality products is calculated on a daily basis. This amount is higher than all normal loan interest rates and must be paid by the lender when repaying the loan.

1) Although the overdue loan of New Orange is unlikely to be collected at home, it is a serious breach of trust as long as it is overdue for more than one year. Many users' new orange products are supported by China Everbright Bank, so it will have a very bad influence on the credit report. If it is not handled, the user's credit report will be hacked. In addition to the principal and interest, the accumulated penalty interest that is overdue for one year is also a big expense. The longer the default time, the greater the pressure. Therefore, users are advised to solve it as soon as possible. If repayment is difficult, you can negotiate with the platform for relief instead of evading repayment responsibility. They have been in arrears with their wages.

2) If loans overdue lasts for more than three months and the amount is large, these credit institutions can recover the loan. Of course, for direct consumer credit institutions, they have businesses all over the country, mainly online, so the collection work is mainly entrusted to local third-party collection agencies. After loans overdue is formally handled by the platform, the platform will upload overdue records to the credit information center. Once personal credit information is wrong, it will affect the handling of various loans, such as car loans and mortgages. In addition, after the arrears are returned, they will stay in the credit investigation for five years and disappear automatically after five years.