What are the consequences of overdue financial services?

Tongcheng's fiscal overdue has serious consequences, which are mainly reflected in four aspects:

Overdue behavior will be recorded in personal credit report, which will have a negative impact on credit rating and credit record, and then affect future credit activities.

Overdue repayment needs to pay liquidated damages and penalty interest, which increases the repayment pressure.

Tongcheng Finance has the right to take legal collection actions such as notification, SMS reminder and door-to-door collection to promote repayment as soon as possible.

Seriously overdue, Tongcheng Finance may also pursue legal responsibility and recover the arrears through litigation procedures.

Avoiding overdue repayment is very important for maintaining personal credit and financial stability.