What about loans overdue? Who will enjoy the flowers?

1. If it is overdue, it will face the following serious consequences: overdue penalty interest: the overdue loan is essentially a breach of contract, so if it is overdue, it will be punished with a certain penalty interest and late payment fee. The longer the overdue period, the higher the penalty interest, which will bring heavy economic burden to people. ?

Credit damage: It is understood that Yi Xianghua itself belongs to a small loan of pleasant loans, so when applying, it will decide whether to inquire about credit information according to the employer. If it is overdue, Yixianghua Platform will upload your overdue records to the central bank's credit information system, which will affect the subsequent credit application. ?

2. Online loan collection: No matter the loan products of banks or other financial institutions, there is a set of matching collection methods. Judging from the feedback from users, the collection of flower viewing is still fierce. If it is overdue for a long time, it may be bombarded by various text messages and phone calls.

Yixianghua is a credit product operated by Hainan Yixin inclusive microcredit Co., Ltd., which is open to personal consumption. Since the launch of Yixianghua, the down payment rate has been very good, especially after the opening of provident fund withdrawal in the later period, many brothers have obtained very high credit lines through provident fund certification. However, the money lent is not equal to the spilled water, and it is natural to pay it back.

Due to the establishment of the online loan credit information system, banks will also know the online loan credit information of users when reviewing their loans. As long as the bank queries the user's online loan credit big data in the system, it can know the user's online loan application history, online loan repayment records and so on.

As we all know, bank credit information mainly reflects the loan relationship between users and banks, which not only records information such as users' credit cards and loans, but also can inquire whether users owe taxes, whether there are outstanding civil judgment records, and whether they are in arrears with electricity and water charges. With good credit information, they can pass the examination more easily when they borrow money from banks, and even get preferential interest rates and terms. In order to have a more comprehensive understanding of users' lending habits, banks will inquire about users' online loan credit information. If there is no overdue repayment record on the user's online loan record, it means that the user's credit is good and the chances of approval are improved. On the other hand, if the user's online loan credit is extremely poor, the bank will refuse the user's loan application.