1. Default interest will be charged from the overdue date. Even if it's only for a few hours, customers need to pay an extra day's penalty interest when repaying the arrears.
2. The overdue situation will be reported to the central bank's credit information system by the handling bank, leaving a bad record in the personal credit information report, resulting in personal credit damage. It should be noted that overdue bad records are generally kept for at least five years after customers pay off their debts before they can be deleted by the system, and they cannot be eliminated manually.
3. Due to credit problems, customers will be hindered in handling new loans, credit cards and other credit products in the future, and I am afraid they will not be able to handle them in a short time. In this regard, customers can only spend time patiently repairing damaged credit and accumulate more good records, and then apply for new credit products after personal credit is improved (it is difficult to consume credit quickly in the short term, so customers are advised to improve their credit for three to six months first).
How to avoid overdue mortgage
1. Pay attention to holiday mortgage repayment.
Mortgage repayment deduction is not affected by holidays. People can have a holiday and rest, but mortgages can't rest. Don't forget to pay the mortgage because of the holiday. Don't take it for granted that the bank is also on holiday. Even so, the mortgage repayment deduction is automatically deducted by the banking system and is not affected by holidays. The deduction time is the same as the usual date, and no deduction will be made in advance. Therefore, in every holiday, we must ensure that there are enough funds in the repayment account on the day of deduction, otherwise it will be overdue.
2. Pay attention to non-malicious overdue repayment.
When you are busy, sometimes you forget to pay the mortgage. This is what we call non-malicious overdue repayment. Don't panic in this case. The first thing to do is to call the bank, then pay off the debt in time and pay off the loan within the grace period of the bank. It won't affect yourself, but it's best not to appear too much.
3. Pay attention to the prepayment of mortgage loans.
Look at the contract, see how the contract stipulates early repayment, and go through the formalities of early repayment according to the contract. In addition, you should know whether your situation is suitable for prepayment and whether prepayment can really help you save interest.
At present, there are various ways to repay mortgage loans, and in some cases, inter-bank transfer will be used to repay mortgage loans. When using inter-bank transfer to repay the mortgage, it is best to avoid the outage period of the central bank's payment and clearing system and avoid repayment during the liquidation period. It is best to transfer the repayment amount to the repayment account in advance and make preparations as soon as possible, just in case.