Do you have the money to explode your address book one day overdue? You re too worried!

Because of some informal loan platforms in the past, everyone will have some concerns when applying for online loans. Some friends are very worried about the online loan platform after the loan is overdue.

will explode his own address book. Someone came to ask: there is money to spend.

Is it a day overdue to explode the address book? Here, I would like to introduce you to the relevant content.

As a formal licensed microfinance institution, there will be no collection behavior such as exploding the address book, let alone that the borrower is only overdue for one day. For friends who are overdue for one day, they often only need to pay one day of overdue penalty interest, which will be more than the loan interest.

Here, to clear up some rumors about the consequences of having money to spend overdue.

1. One day overdue on the credit report

If you have money to spend one day overdue, it will indeed have a negative impact on personal credit, especially if you are often overdue for one day, you may be reduced in limit, or even have your account frozen. However, one day overdue will generally not be on the credit report. After all, it is not malicious for many people to be one day late in making their payments.

2. Call the contact person one day overdue**

Generally speaking, if you have money to call your contact**, it is because the loan is overdue for too long, or the borrower refuses to answer the collection**, and the world evaporates. If it's just one day overdue, you won't call the contact **** if you have money to spend. After all, it's about the privacy of the borrower.

To sum up, it is impossible to spend money to explode the address book for a day overdue, so you can rest assured. However, after all, one day overdue is a dishonest behavior, and everyone should try to avoid it.

"Money to spend" belongs to the three major credit products of BAT, which is reliable and has low interest rates. It is understood that Rich Flower is a credit service brand (formerly known as: Rich Flower, renamed "Rich Flower" in June 2018) under Du Xiaoman Finance (formerly Finance).

Money, like borrowing and micro loans, are the three major credit products under BAT, and they are all regular big brands.

Before, I had friends who were afraid that if they had money to spend overdue, they would explode their address book in one day, but the fact is that you were too worried. As a formal licensed microfinance institution, there will be no such collection behavior as exploding the address book. So, what happens when you have money to spend overdue?

Many friends don't know much about this, so let's find out about it now.

It has a negative impact on credit reporting.

As a consumer credit service product included in the formal supervision of the state, Youqian Hua has been connected with the central bank's credit information, like Alipay's Baobei and Tencent's micro loan, and its Qianhua, which are also formally connected with the central bank's credit information as a formal consumer credit service product, and strictly implemented in accordance with the credit management norms of the People's Bank of China. (Click here to test the amount of money spent for free).

In addition, the large amount of data precipitated by the travel encounter can also become a data supplement in addition to the credit information of the central bank. The data shows that as the original financial credit service brand, in the field of credit, the central bank's credit data can increase the risk differentiation of the customer group by 13%.

Therefore, if you have money to spend, it will have a negative impact on the credit report.

Penalty interest is incurred. Moneyspend currently only charges the borrower interest on the loan, and there are no other service fees or management fees, but if the borrower is overdue, Moneyspend will only charge the borrower on a daily basis for overdue interest.

The overdue fee will be calculated at multiple of the normal interest rate from the day the user is overdue, until the borrower pays off the outstanding amount in full. In order to avoid penalty interest, borrowers must not be overdue, and overdue will also affect personal credit, so everyone must pay attention to repayment on time.

To sum up, having money to spend overdue will bring a lot of adverse effects, so everyone must repay the loan on time.

Hello, as a regular loan brand, there will be no violent collection behavior when overdue, and in the early stage of non-repayment, the staff will remind you to repay on time through text messages, **, etc. If the money is overdue, the money will be charged a penalty interest to the borrower, and the specific fee standard is subject to the display on the loan page.

In addition, the overdue record of money spent will be reported to the People's Bank of China for credit investigation, which will affect your credit history. In accordance with the credit management norms of the People's Bank of China, the obligation to report is strictly enforced, so the money to spend on the loan will be reported at the meeting, and the overdue will also leave an overdue record on your personal credit report.

Finally, overdue can affect your future borrowings. Users who have been overdue for a long time cannot continue to borrow, and need to pay off all IOUs before continuing to try to borrow. If it is overdue, your spending limit may be reduced or cancelled.

It is recommended that you repay the loan on time to avoid overdue damage to your personal credit. Maintaining a good borrowing history will help you pass the loan review later and potentially get a higher limit.

When applying for a loan, users will encounter loan products with different repayment methods, because the interest rate is often expressed in different ways, for example: daily interest rate of 10,000%.

Fifth, the monthly rate is 1%, etc., so it is difficult to compare several products which one is more economical. The price comparison artifact launched by Money Flower can help us solve this problem. Through comparison, we can intuitively understand the details of the interest fee of the comparison product and help us make decisions.

Believe you, after I am overdue, if the platform does not come forward, I will directly hand it over to a third party and say what time it must be returned today, and if I don't pay it back, I will harass the contact person to explode the address book.

Normally, if it is more than three days, it will call me**, and if it is more than five days, it will start to call contact**.

Late repayment will incur additional interest, and there will be corresponding personnel to call ** or send a message, I hope you can be aware of this problem.

I hit ** in a day or two, and I picked it up and beat my family**, which can be said to be bad.

You can wait quietly for someone to contact you. Either you don't speak and make it clear earlier'It's not interesting to talk about it. In fact, it is not winning, you can pay it back by swiping your credit card.

The system will automatically send you a message.

I know, I know, I know, I know, I knowI know, I know, I know, I know, I know

It doesn't matter.

However, it is necessary to understand whether it can meet the requirements.

Otherwise, you're thinking a little too much.

Youqian Hua is a platform that specializes in issuing consumer loans, such as Manyi Loan, Exclusive Loan, etc., and borrowers can choose the right products according to their needs. Some borrowers want to know, what will happen if the application has money to spend and does not repay the loan on time? Will there be a credit report?

Let's find out.

1. Have money to spend overdue penalty interest

Overdue online loans are serious defaults, so penalty interest will be calculated on a daily basis from the day after the repayment date.

Penalty interest charging standard: From the date of overdue, a penalty interest of 150% of the agreed interest rate will be charged on the overdue amount every day until it is overdue.

To put it simply, if you borrow 10,000 yuan and do not repay the loan in time on the repayment date, you need to bear the penalty interest rate of the loan interest rate, and the longer the time, the higher the penalty interest.

In addition, there are also regulations for spending money, and the overdue penalty interest will be repaid together with the next month's bill, so that the cumulative penalty interest plus interest plus principal is very high, and it will be difficult for small partners with poor economic conditions to bear.

2. Affect personal credit reporting

Since Finance is a formal licensed institution of the state, the full easy loan and exclusive loan under the money will check the credit information, and everyone needs to agree to authorize the credit inquiry before the next step can be operated when applying for the money to spend the loan.

As long as the quota is successfully applied, there will be a credit inquiry record on the personal credit report, and the CBRC stipulates that licensed financial companies must report the borrower's overdue records according to the regulations, so everyone should not overdue, otherwise bad credit will have an impact on many businesses in the future.

3. Is there a grace period for money to spend?

Some borrowers want to know whether they can communicate with customer service and repay the loan after a few days of appropriate grace, and consulted the customer service of the money on this issue, and the customer service said that the bill shall prevail, and the repayment must be repaid on time.