Specifically, overdue loans will have the following effects:
1. overdue interest and penalty interest: after loans overdue, the borrower needs to pay overdue interest and penalty interest to make up for the losses caused by the delayed repayment. The greater the overdue amount, the more overdue interest and fines will be paid.
2. Credit limit: loans overdue may lead to credit limit. The borrower's credit limit is determined according to his repayment record and credit score. If the borrower is often overdue, the credit line may be reduced, thus limiting the use of his loan and credit card line.
3. Limit of loan amount: Overdue loans may limit the borrower's loan amount. The amount of credit loan is usually determined according to the borrower's credit score and income level. If the borrower has overdue records, the credit score will be affected, which may limit the amount of re-borrowing.
In a word, the credit loans overdue of Postal Wage Card Credit Cooperatives will have a negative impact on wages, including increasing overdue interest and fines, and limiting credit lines and loan lines.
Extended data:
Postal payroll card loan credit cooperative is a credit institution under China Post Group Corporation, which provides payroll card loan services for employees. Borrowers can apply for loans through credit cooperatives and repay the loans within the agreed time limit.
The above is an answer about the influence of loans overdue, a credit card of postal credit cooperatives, on wages. The purpose of this paper is to help us understand the situation in loans overdue by explaining the possible consequences in detail.