I didn t understand it before, but now it s almost overdue for 5 years, and what is the interest?

If you have been overdue for 5 years now, then your loan is seriously overdue, and it is recommended to negotiate with the loan platform to repay the loan in time and not to repay the loan for a long time.

The loan is overdue. Loans are overdue, there are short-term and long-term, and the consequences are different depending on the length of time they are overdue. However, most people have many misunderstandings about overdue loans, and they don't find out that it's too late to regret until they have serious consequences!

Short-term overdue loans and consequences.

1. High fines and liquidated damages.

After the loan is overdue, in addition to the interest and principal, you also need to pay high penalty interest and liquidated damages when repaying.

2. Leave personal credit stains.

There will be an overdue record on the credit report, which will be retained for 5 years even after repayment. Overdue records will affect almost all subsequent financial activities of the overdue person.

3. Receive SMS** collection.

The lender will continue to send text messages and call ** to collect the overdue funds, inform the borrower of the serious consequences of overdue, and order the borrower to repay the overdue principal and interest within a time limit.

Long-term overdue loans and their consequences.

Generally speaking, overdue for more than 90 days will be regarded as maliciously overdue by the lender. Banks can sue for collection of malicious overdue payments of more than 90 days, regardless of the amount. After the court makes a judgment, release to the public information on judgment defaulters (lai), restrict their high consumption, restrict travel by airplane, and high-speed rail.

As the regulatory bureau is becoming more and more strict, and the online loan platform is becoming more and more standardized and strict, many online loans are now on the credit report, so the credit record is a matter of great concern to all borrowers.

1. The processing of online loan credit records is very "humane";

Compared with traditional banks, online loan credit is much more humane, that is, it will give a certain grace period for unintentional overdue due to temporary negligence, but if you are in arrears for a long time, it will be easy to have a taint record of borrowers, which is also a key reminder in the credit system, and the impact on individuals is very serious!

2. The retention period of bad credit reporting records of bank loan defaults is 5 years.

According to the "Regulations on the Administration of the Credit Reporting Industry", the retention period for credit reporting establishments of negative personal information is 5 years from the date on which the negative conduct or incident is terminated. After the repayment of principal and interest and liquidated damages, other banks will not be able to check the bad record for more than 5 years. It is important to note that the credit stain will remain in place until the loan is settled.

So you must cherish your credit history.

3. The retention period of credit card overdue bad credit records is 2 years.

Credit card repayment information will be recorded by the central bank's credit information system for 24 months, and if the card is cancelled, the record will be kept for a long time. Therefore, it is recommended that credit card users continue to use the card for two years after paying off the arrears, and maintain good credit during the period, so that the bad records can be removed from the credit reporting system by rolling records.

The above three are all based on short-term default, if the overdue is too long, and the overdue information has been uploaded to the People's Bank of China, then pay off the debt and wait for 5 years for the system to automatically eliminate it.

You have to see if this is in**, is it Alipay? If it's five years overdue, it's a percentage of the amount of money you owe, which is the principal.