What is the dunning process after loans overdue?

The dunning process after the loan is overdue is like this. When the user fails to repay the loan for more than three days, the online loan platform will start to call and SMS for collection. If the user is overdue for more than three months, there will be a special staff to collect it at home, and the user may be sued if it is overdue for more than half a year.

The use of online loans will have a very serious impact in the later period. If the borrower is overdue, the online lending platform will upload the overdue information of the user to the personal credit information system, which will have a great impact on the subsequent life such as mortgage, car loan, promotion and job hunting. Serious overdue may also restrict travel, so we must pay attention to the use of credit products and try not to overdue.

When we use credit products, we must remember to repay before the repayment date, and pay the arrears that should be repaid every month to the designated account, and the bank or online lending platform will automatically draw them away, except for every arrears that need to be repaid, or other repayment methods. One-time repayment of principal and interest at maturity is suitable for users with large one-time funds, but the repayment pressure will be greater. The borrower shall pay off the loan and principal and interest in one lump sum before the loan expires.

Matching principal and interest repayment method means that after the loan is successful, the principal and interest of the loan should be repaid in equal amount every month. Average capital's repayment is the same amount every month, but the interest on the loan gradually decreases with the principal. This kind of loan will be more stressful at first, but it will be easier later, and it is generally suitable for mortgage repayment.

There are many ways to get loans in the market. Most people will choose to repay by installments, so the repayment pressure will be less. When applying for a loan, you should choose according to your actual situation. Don't overestimate our repayment ability, choose products with large amount, and the repayment is likely to be overdue.