The official customer service of micro-loan replied that the micro-loan will settle the current bill before 24: 00 the day after the repayment date, which is regarded as the user's timely and full repayment and will not bring adverse effects to the user. Therefore, micro-loans can be postponed for up to one day. However, if the overdue time exceeds one day, it will bring serious adverse effects, such as:
1, resulting in overdue charges. After the micro-loan is overdue, the micro-loan platform starts to charge overdue penalty interest from the overdue date, and the overdue penalty interest rate is 65438+ 0.5 times of the normal loan interest rate, and it will not stop charging Feixi until the user settles the arrears. Therefore, as the user's overdue time increases, the liquidated damages will continue to increase.
2. Credit information is damaged. Micro-loan is a product of Weizhong Bank. The platform has been fully connected to the credit information system, and users' borrowing and repayment records on the platform will be reflected in the credit information. As long as the user has overdue behavior, it will lead to stains on the personal credit report, leading to the emergence of bad credit, and bad records will be retained in the credit information system for 5 years.
3. Affect the use of small loans. After the micro-loan is overdue, the platform will freeze the micro-loan quota, resulting in users temporarily unable to borrow from micro-loans. If the overdue time is short, the user will unfreeze after paying off the arrears. If the overdue time is long, even if the overdue arrears are settled later, it may not be opened for use. The platform will also prepay the micro-loan under the user name in installments, requiring the user to settle all the loan funds at one time.
4. Facing the assembly. Once the micro-loan is overdue, the platform will urge users to repay by SMS, telephone, etc., and generally only contact the borrower himself in the early stage of overdue. However, with the extension of overdue time, the platform will also contact users' relatives and friends, and even visit them at home.
5. Affect the result of applying for a credit card. Due to the existence of overdue records of micro-loans, users will be negatively affected when applying for credit cards and loan products in the future. If the overdue situation of micro-loans is light, credit products can still be approved, but there may be a situation of low amount and high interest rate. If the overdue period is serious, the subsequent loan application will be rejected.
These are the adverse consequences of small loans overdue repayment. Users must use credit products according to their personal needs and repayment ability, so as to avoid the situation of excessive borrowing and eventual inability to repay, otherwise the consequences will be very serious.