What will happen to the money on the loan bank?

The following situations will not occur with the money on Jiedaibao:

1. Various collection methods are constantly available: once you are overdue, you will receive a reminder from Jiedaibao. The content is roughly that you have already overdue and repaid as soon as possible. If you continue to ignore it at this time, you will receive a large number of phone calls and text messages to collect debts. If it exceeds 20 days, a letter from the borrower's lawyer will be sent and a lawsuit will be filed; if more than one Monthly overdue records will be published on the loan network platform.

2. High overdue fees will make you collapse: Basically, as long as the loan is overdue, you will be fined. As a penalty, the interest rate and penalty interest will increase with the overdue time. It's like a snowball getting bigger and bigger. When you have to pay it back, the loan amount, interest, overdue management fee * time = final repayment amount will shock you.

3. Credit reporting leaves bad discipline: Online loan platforms are also connected to the credit reporting system, so once overdue and serious bad credit reporting records will be uploaded to the credit reporting system, it may even affect your future purchases. Buy a car and buy a house.

Extended information:

Entrusted litigation: In order to protect the interests of lenders and enable lenders to litigate and defend overdue borrowers more quickly and conveniently, Jiedaibao launched the "entrusted litigation" function . That is to say: For borrowers who are overdue on the 76th day, the lender can use the one-click entrusted litigation function on the Jiebaibao client to entrust the platform to file a civil lawsuit for each overdue debt.

Connect to the central bank's credit reporting system: If the loan is overdue for more than a certain period, the relevant records of the overdue user will be transmitted to the central bank's personal credit reporting system. In addition to uploading overdue information to the central bank's personal credit reporting system, lending will continue to cooperate with third-party credit reporting agencies such as Qianhai Credit Reporting, Shanghai Credit Reporting, and Pengyuan Credit Reporting.

Establishment of the Deep Blue Guardian Team: Led by the legal department of Jiedaibao Company, and jointly with risk control, collection, customer service and other departments, the "Deep Blue Guardian Team" special working group was established to follow up on the complaint hotline and the in-end reporting channel collection problems and resolutely and forcefully crack down on illegal activities in the lending process.

Baidu Encyclopedia--Jianjiebao