When applying for some loans, you need to submit the telephone number of 1-2 emergency contact. When the user's loan is under review, or when the user's loans overdue ends, the contact person may receive a phone call or message.
Loans overdue usually refers to the phenomenon that after the loan expires, the borrower fails to repay the loan principal and interest to the bank that issued the loan according to the loan term agreed in the loan contract, and fails to go through the relevant extension or lending procedures, resulting in the loan exceeding the agreed term.
The best way for loans overdue is to pay off the overdue part as soon as possible. There is no shortcut, only paying back the money in a down-to-earth manner. Loans overdue has certain negative effects, which need to be treated with caution: 1. It has been collected. 2. Generate high penalty interest and liquidated damages. 3. Triggering a credit crisis and undermining credibility. 4. Will be prosecuted by the court.
Although the policies of each lending institution are different, on the whole, banks will be more relaxed than small loan companies. If the credit is loans overdue, the lending institution will first make a payment to remind the borrower to repay the loan, and the interest rate will rise at a daily penalty interest rate.
Penalty interest varies from lending institution to lending institution. For example, Citibank will charge 50% interest on the basis of the original interest rate, and some small loan companies may charge more liquidated damages. This means that you have borrowed about 65,438+100,000 yuan, but if you don't pay it back for more than three months, you may eventually have to pay interest and late fees of 65,438+100,000 yuan.
Every day after you are overdue, your name will appear in the internal system of the bank at the same time, and then the president and risk control will see it. After overdue, bad records will inevitably be left in the credit report. Once it leaves, it may remain for three to seven years. If you want to borrow money from other banks in the future, you may not be able to apply easily because of bad credit.
If the overdue situation is serious, both mortgage and car loan will be affected in the future. Penalty interest is only a loss of money, while bad credit records are a loss of intangible assets, and the impact is irreparable by money.
When many people apply for mortgage again, they find that they have left too many overdue repayment records on the old mortgage because of carelessness. In addition to the penalty interest for overdue mortgage repayment, they may not be able to obtain the preferential interest rate of bank mortgage smoothly. More importantly, it is impossible to apply for a mortgage again.
For some "Lao Lai" who deliberately delay their travel debts, they will be blacklisted. So that you can't take a plane, a high-speed rail, accommodation, etc. ; More seriously, children will not be able to attend key schools; There will be more punishments in the future, so it can be said that life is hard.