What happened when I received a short message from consumer finance saying it was overdue?

Consumer finance sent a text message saying that the reason why you are overdue may be that you did not complete the repayment according to the time stipulated in the contract. Overdue refers to the borrower's failure to repay after the prescribed repayment period. Here are some details about overdue:

1. Repayment period: the loan contract will clearly stipulate the repayment period and method, usually in monthly or quarterly units. Failure to repay the loan on time before the specified date is overdue.

2. overdue interest and liquidated damages: overdue repayment often generates additional expenses, including overdue interest and liquidated damages. These fees are calculated according to the loan contract and will increase with the increase of overdue days.

3. Impact on credit records: overdue repayment has a negative impact on personal credit records. Credit record is an important basis for banks and other financial institutions to evaluate personal credit risk. Overdue records will have a negative impact on credit scores, which may affect future loan and credit card applications.

To sum up, receiving overdue text messages from consumer finance means that you have not paid back on time. Overdue will lead to additional interest and fines, and have a negative impact on personal credit records. In order to avoid overdue, it is suggested that you must repay the loan in the time and manner agreed in the loan contract.

Extended data:

China's financial regulatory authorities have regulated the lending behavior of various financial institutions, including consumer finance. Consumer finance refers to the loan service provided to meet the consumption needs of individuals and families. Consumer finance companies generally provide services such as installment payment, credit card installment payment and cash loan. When choosing consumer financial services, we should ensure that we understand and abide by the relevant loan contracts and repayment requirements to avoid overdue and credit risks.

The above is the answer according to the general situation. If there are specific overdue situations, such as overdue time and overdue amount, you can give a more detailed answer according to the actual situation.