Does the three-day overdue of white stripes affect credit reporting?
In general, the IOUs will be submitted to the Credit Bureau three days after the deadline. If the user is overdue for the first time and the overdue amount is low, the credit may be overdue for more than 15 days. In other words, after the loan is generally overdue for 3 days, JD Finance will upload the overdue record of the user to the Credit Information Center of the People's Bank of China. Users should note that if the IOUs are still in arrears after cancellation, JD Finance will still report to the Credit Information Center of the People's Bank of China.
Generally speaking, for users with a large overdue amount, the white note will be submitted to the credit bureau after 3 days overdue. If the overdue amount of the user is small and it is the first overdue, it will be 15 days before the credit investigation. If it is overdue for a long time and affects the credit record, the user needs to pay off all the arrears and interest, and then maintain a good credit record.
What will happen after the deadline?
1, resulting in overdue charges.
Once the IOUs are overdue, all IOUs consumed by the user in the current bill will no longer enjoy the interest-free period, and the overdue penalty interest will be charged on a daily basis from the date of consumption, with a daily interest rate of 0.05%, and will be charged only after settlement. In addition to overdue penalty, the platform will also collect overdue penalty, with the daily penalty rate of 0.0 15%, and the penalty = remaining unpaid amount × penalty rate × overdue days.
Step 2 be collected
Once the user is overdue, JD.COM Baitiao will remind the user to repay the loan as soon as possible by SMS, telephone, etc. If the user fails to repay the loan for a long time, JD.COM Baitiao can entrust a third party to collect the loan, or even take legal measures to recover the debt. This will cause great psychological distress to users and seriously affect personal life and work.
3. The use of white stripes is restricted
If the IOUs are not repaid on schedule, JD.COM Platform will freeze the IOUs accounts of users, which will make it impossible for users to use IOUs for consumption installment. If users need to continue to use JD.COM IOUs, they must pay off all the arrears and lift the restrictions before they can re-enable IOUs. It should be noted that if the IOU is overdue, the IOU account may be permanently frozen.
Therefore, JD.COM's overdue IOUs may not only be reported by the Credit Bureau, but also be collected and even unable to use IOUs. Because I suggest that when you use IOUs, you should still repay them on time.