1. Contract provisions: After the financial pledge loan is overdue, the repayment method shall be in accordance with the loan contract originally signed. Some contracts stipulate that the repayment will be repaid with pledged financial products. Some contracts stipulate that the repayment will not be repaid with pledged financial products. Instead, the customer will need to raise an additional amount of funds to repay. If the loan is overdue, penalty interest will be paid and a credit report will be reported.
2. Financial management repayment Generally speaking, financial management pledged loans cannot be extended, and after the loan expires, penalty interest will be calculated based on the number of overdue days. If the loan is still unable to be repaid after too long, the bank will use the pledge The certificate of deposit is used to repay the principal and interest of the loan. Of course, different banks have different regulations. You must contact the bank in time to negotiate repayment matters.
3. It is natural to repay debts if your credit report is damaged. If the loan is not repaid in time, your personal credit will be damaged. If the overdue circumstances are serious, for example, the total overdue amount reaches six times within two years. Or if you are overdue for more than 90 days at a time, you may be blacklisted by the bank, making it very difficult to apply for a loan or credit card in the future. In short, you must actively find ways to remedy the overdue loan. You can raise funds to repay the debt as soon as possible. In addition, continue to purchase financial products from the bank to improve your overall score. If you have a credit card or other loan on hand, continue to use it and repay it on time, which will help To repair your credit.