Does it matter if the installment is overdue?

1, late fee. According to the customer service in the future installment, if it is overdue, a late fee will definitely be charged on a daily basis, generally calculated at 0.05% of the unpaid amount. The calculation formula of late payment fee for future periods = current repayment amount * overdue days *0.05%. It can be seen that the late payment fee is still relatively high.

2. Credit report. Whether the next installment will be collected depends on the lender's analysis. If the employer is a new network bank, the small partner will definitely collect the overdue behavior at the meeting, but if it is a loan platform, it will generally not be collected. Once reported to the credit bureau, it will have a great impact on our future financial business.

3. Reduce the sesame credit score. It is reported that there will be cooperation with Alipay in the future. Once overdue, it will definitely leave a negative record, which will lead to a decrease in the borrower's sesame credit score. Only after the borrower repays the loan, it is possible to delete the negative record by providing the corresponding repayment information and sending it to the official mailbox.

4, burst the address book. Once the installment is overdue, the borrower will generally be collected by SMS, telephone, etc. According to some users' feedback, the next issue will explode the address book. For us, our daily life will be greatly affected, even our personal reputation will be affected. So remember to repay on time, and don't be overdue.

If the credit card is overdue for three years, the bank will not collect it or prosecute it. There must be reasons for this, but the following reasons cannot be ruled out:

The first point: your credit card limit may be very small. After the first month of bank collection, you didn't pay back. The next month, you still didn't return it. At this time, the bank will hand over these collection notes to a third party for collection!

The second point: Credit card users have completely changed their personal information. The bank can't contact the credit card user. When they go to the bank to apply for a credit card, they will record their personal information, such as ID number, name, telephone number, home address and so on. However, due to the long opening time of credit card accounts, in the past ten years, the information left by credit card users in the bank has expired, the telephone has been changed, and even the home address has moved, and the banking system is full of useless information.

When this credit card is overdue, the dunning information and telephone number sent by the bank can't even contact the customer when the bank comes to the door. Moreover, the customer did not take the initiative to contact the bank, so he ignored the overdue credit card and let nature take its course. So if this happens, the bank can't contact the customer, and the customer doesn't take the initiative to contact the bank for repayment. This overdue payment will be directly accumulated year by year.

The third point: the bank sued you, but when the summons was served, there was no one here, or you had moved out of your residence, which may also lead to the summons not being served. Since you haven't received it yourself, the bank can only treat it as a bad debt. But if it is overdue, it will produce bad debts, which is darker than overdue. Bad debts must be repaid. Overdue records shall be kept for five years.