The regulation of Hubei consumer finance on repayment is to repay the loan in full on the repayment date agreed in the contract, otherwise it will have a bad influence on credit reporting if it is overdue. The government has not explicitly stated that there is a grace period for repayment, and according to the feedback from some netizens who applied for loans in Hubei consumer finance, the credit report will be submitted one or two days after the deadline, so Hubei consumer finance should not have a grace period of three days.

First, Hubei consumer finance

Hubei Consumer Finance is a consumer finance company approved by China Banking Regulatory Commission. It has a formal consumer finance license and its main shareholder is Hubei Bank. Therefore, Hubei consumer finance is the loan platform for credit reporting at the meeting. After you get the loan from Hubei Consumer Finance, you must repay it in strict accordance with the regulations.

In addition to collecting credit at the meeting, Hubei consumer finance has other penalties for overdue lenders, which will also make debtors very unhappy. Including:

1. On the first day when the borrower is overdue, Hubei Consumer Finance will start to charge the borrower the overdue fee according to the proportion agreed in the contract;

2. Hubei consumer finance will reduce the comprehensive credit score according to the borrower's overdue degree until the debtor is blacklisted;

3. Hubei Consumer Finance Association will arrange staff or third-party collection agencies to collect arrears;

4. For very bad overdue behavior, Hubei Consumer Finance Association entrusts lawyers to collect debts through legal channels;

5. In case of fraudulent loans, Hubei Consumer Finance Association will choose to report the case to the public security organ.

2. During the epidemic, consumer finance in Hubei was relatively humanized.

1. As a consumer finance company in Hubei Province, Hubei Consumer Finance has extended the repayment grace period to 30 days for customers in Hubei epidemic areas and to 15 days for customers outside Hubei Province. At the same time, for the loan customers diagnosed as COVID-19, the repayment interest fee will be reduced.

2. The epidemic raged, offline consumption was hit, and the number of passengers sent, movie box office, tourism income and catering income dropped sharply year-on-year. Consumer finance companies are also hard to escape the impact, especially industrial consumer finance companies that rely on offline channels and scenarios to conduct business.

However, it is the people in the epidemic area who are most affected by the epidemic. In the face of natural and man-made disasters, there is no business, only love and help. Consumer finance companies actively participated in the fight against the "war epidemic" of pneumonia and introduced practical measures to help pneumonia patients tide over the difficulties, which reflected the courage and great sense of social responsibility of consumer finance practitioners.