Under normal circumstances, formal lending platforms and banks will blacklist customers because of the late payment of arrears, and sue these users to the court to ask them to repay their debts. If you have arrears in Baiqian Finance before, then when you borrow money in the future, the platform will also carry out some punishment management for you. First of all, from the perspective of interest-free repayment, if you are a new user, you can enjoy a certain degree of interest-free repayment for the first loan, but if you repay the debt without interest, you will no longer enjoy interest-free concessions when you repay.
Secondly, for your personal credit information, if you don't pay it back for a long time, or even the bank defaults maliciously after repeated debt collection, your personal credit information is completely impossible to be washed away. When you borrow money, your name has been associated with your credit information. Therefore, as long as you are overdue and maliciously breach the contract, the bank will blacklist you, and there is no way to whitewash your credit information from now on.
If you only owe 5000 yuan, it won't be because? Malicious overdraft? Therefore, the platform will sue you, and the court will not find you guilty. If you are in arrears for a long time, overdue for more than three months, or the bank urges you for more than two times, and you still don't pay back, then the bank or loan platform will blacklist you as a user, freeze your card, and then the loan platform will also freeze your assets and cannot take them out for use. At the same time, the court will also rule that you will not be able to use your credit card again when dealing with credit card fraud.
In fact, under normal circumstances, it doesn't matter whether the credit card or the loan platform is overdue once or twice occasionally. As long as we discuss with the customer service staff to refund the money in time, there will be no problem. If it is overdue four or five times a year, or three months or even longer, you can't make any credit loans within five years, which has a great impact on personal credit information.