How long will it take to send a reminder after the deadline?

How long overdue loans will be sent for collection depends on the specific loan contract and bank policy. Under normal circumstances, the bank will start sending reminders when the debit account is overdue for more than 30 days. The reminder notice can be sent to the borrower by telephone, SMS, email, letter, etc. to remind him to repay the loan as soon as possible, and may be accompanied by overdue interest, late payment fees and other information.

The longer the overdue period, the more severe collection measures banks may take, such as entrusting a third-party collection agency and legal proceedings. It is suggested that the borrower contact the bank as soon as possible to understand the specific policies to deal with overdue repayment, and pay off the arrears as soon as possible to avoid further collection actions and possible credit impact.

Will you go to the credit bureau after the deadline?

Overdue loans will have a negative impact on personal credit records and upload them to the central credit information system for five years. Overdue records may adversely affect the borrower's credit score and future lending activities. But with the passage of time and the accumulation of good credit, these negative records will gradually weaken. Therefore, timely repayment is the key to avoid overdue credit records. Abiding by the repayment rules of borrowing money and ensuring the timely repayment of arrears will help to maintain a good credit record and ensure a normal consumption life. Please abide by the relevant regulations when using the loan to avoid the negative impact caused by overdue repayment.