First of all, know the overdue situation: know the reason, time and amount of each overdue in detail, and ensure that this information is consistent with the records of the provident fund management agency.
Secondly, make up the repayment: repay all overdue funds as soon as possible, including principal, interest and late fees. Paying off debts in time helps to restore credit records.
Third, contact the provident fund management organization: get in touch with the relevant departments to explain your willingness and ability to repay, and ask if there are other ways to solve the problem, such as applying for deferred repayment or making a reasonable installment repayment plan.
In short, when the overdue number reaches 8 times, the provident fund loan may be restricted. The key to solve this problem is to communicate with relevant institutions in time and take active actions to pay off the arrears. Restoring a good credit record is an important step to re-qualify for provident fund loans.
Extended data:
Provident fund is a compulsory savings system for employees in China, aiming at providing housing consumption and personal account deposits for employees. Loan is one of the important functions of provident fund, which allows employees to obtain housing loans with lower interest rates and longer repayment period. However, overdue repayment will have a negative impact on employees' credit records and may lead to restrictions on loan eligibility.