What are the consequences of Xiaomi loan?
1 Affect credit reporting.
Failure to repay Xiaomi loan will lead to overdue. Once overdue, the system will upload the overdue records to the central bank's credit information system, which will affect the borrower's credit information.
2. Charge penalty interest
Xiaomi loans overdue will charge a penalty interest from the overdue date until the borrower pays off, thus increasing the repayment amount and debt ratio of the borrower.
3 be collected
If the Xiaomi loan is not repaid, the Xiaomi loan staff will collect the borrower and ask the borrower to repay by SMS or telephone. If the borrower fails to repay the loan for a long time, he may even be sued.
The consequences of Xiaomi's failure to repay the loan are very serious, which will not only affect the credit information, but also impose a penalty interest on the income and even be sued. Therefore, after borrowing Xiaomi loan, you must repay it on time. If you don't pay, you can apply for repayment through negotiation. Do not return it.