1. Overdue penalty interest: Jingdong Baitiao will generate penalty interest after it is overdue, and it will be charged at an interest rate of 0.03 per day. That is to say, the interest for 1,000 yuan overdue for one day is 0.3 yuan. In the long run, there will be a comparison High fees.

2. Impact on credit: Your credit record will be stained, leading to a decline in your credit score. Finally, the system may shut down your Baitiao service. In addition, Jingdong Baitiao is subject to credit reporting. If there is malicious default on the loan, Jingdong Baitiao will report it to the central bank’s credit reporting system.

3. Being sued: If the borrower fails to repay the loan within a certain period of time and still refuses to return the loan after collection, JD Baitiao Baitiao can file a lawsuit in court according to the relevant provisions of the loan contract. At this time, it is not just a matter of non-repayment of the loan, but an economic violation.

Extended information:

JD Baitiao" is the industry's first Internet credit payment product, allowing users to enjoy the consumption experience of "consume first, pay later, real-time approval, and installments at will" , quickly became an industry model, establishing JD Finance’s position as a leading brand in the consumer finance industry.

In terms of positioning, “JD Baitiao” is a product with high credit rating that uses big data for credit evaluation. Credit payment services provided to users with consumption needs. Users can enjoy pay-now and installment shopping services on JD.com for up to 24 installments. Bills can also be repaid in installments and at a minimum, and the interest rate is lower than that of bank credit cards. The number of consumer finance users has exceeded 100 million.

Since then, "Baidiao" has also opened up O2O (Jingdong Daojia), global shopping, and product crowdfunding within the JD system, and later gradually covered rental, travel, and decoration. , education, weddings and other fields, it has extended from credit purchase services to the provision of credit consumption loans, covering more consumption scenarios and providing credit consumption services to more consumers.

JD Baitiao’s service scenarios are gradually extended, and the cooperation lines There are nearly 10 million merchants online and offline, covering the life and entertainment, business travel, education and training, communications and leasing industries. It cooperates with banks to co-brand the electronic account "Baidiao QuickPass", expands Baitiao payment offline through NFC technology, and binds WeChat. payment, further broadening the usage scenarios of Baitiao payment.

In March 2019, according to statistics from the Judgment Document Network, more than 200 people have been convicted and sentenced for using "Jingdong Baitiao" fraud. According to the judgment, 107 people have been sentenced. The average age of the defendants was 28. College student defendants accounted for nearly half of the JD.com fraud cases sentenced by two courts in Changsha City. The maximum prison term for the defendants was 19 years, and the average prison term was 2.35 years. The number of college students mentioned in the verdict exceeded 362, making them a more conspicuous group of victims.

Jingdong Baitiao is the first Internet consumer financial product in the industry, with the longest enjoyment. There is a 30-day interest-free period and a maximum of 24 installments. Log in to the Baitiao official website or the JD Financial APP - Baitiao, and you can enter the page to apply for activation. Users of JD Mall can activate "Baidiao" for shopping in the mall. Qualifications.