1. Quota cancellation or reduction.
Although the loan line of Xiaoman Finance can be effectively recycled for a long time, it will be overdue for many times, which will lead to bad credit and reduce the irregular score of the system, thus canceling or reducing the borrower's credit line.
2. Pay several overdue penalty interests.
The overdue amount shall be charged with penalty interest at 0.5 times of the normal interest rate of 65438+ every day.
For example, if the normal daily interest rate is 0.04%, one overdue payment of RMB 5,000 is 10 day, and the other overdue payment of RMB 2,000 is 20 days, the total overdue penalty interest = 5000 * 0.04% *1.5 *10+2000 *.
3. Report the overdue records to the People's Bank of China for credit investigation.
If the repayment date is overdue, even if it is overdue, the number and length of overdue will be truthfully reported to the People's Bank of China for credit investigation. Once the credit center is updated and displayed, it will not disappear within 5 years, and the borrower must bear the negative impact caused by overdue records.
Now is the era of credit, once credit is tainted, many things will be difficult to move. Online lending is also a source of big data. Once big data is confused and classified as high credit risk, it will affect credit reports and living restrictions. People who don't know about credit information and big data can check their credit data in Sixi Data, understand their credit data, loan records and risks, and help everyone pay attention to protecting their big data credit records.
Extended data:
Will Xiao Man's financial overdue be discovered?
Small and full financial overdue are generally not found.
1. For overdue payment, Du Xiaoman Finance mainly uses SMS and telephone. If the borrower can't be contacted, he can call his contact.
2. Door-to-door dunning mainly occurs between some online small loan companies or private lending platforms, while Xiaoman is a formal financial institution approved by China Banking and Insurance Regulatory Commission, China and holds a financial license. This kind of dunning is rare.