What will happen if microfinance does not repay?
Weipin Finance is a loan platform of Vipshop. The main loan product is Weipinhua, which mainly provides consumer credit services for users. So what happens if you don't repay after borrowing money from Weipin Finance? What will happen if microfinance does not repay? The consequences of non-repayment after financial loans from products will vary according to the time of arrears. If the arrears are short, they will generally be collected by the product finance, and a certain penalty interest will be charged. Of course, they will also be reported to the credit information system, which will have a negative impact on personal credit information; If you owe money for more than three months, you will probably be sued by Pinpin Finance to the court, and you will also be blacklisted for dishonesty, which will affect your personal travel mode and consumption. After being blacklisted for dishonesty, you will no longer be able to take high-speed trains and planes, nor will you be able to enter or leave high-consumption places. The above is about the possible consequences of non-repayment of wealth management products. It is suggested that you must repay the loan on time after borrowing from the lending platform.