There are two consequences. 1. Penalty interest: If the money is overdue, a penalty interest will be charged. The charging standard is a penalty interest of 150% of the overdue amount every day from the overdue time; 2. Impact on personal credit: As long as there are overdue records, they will be reported to the credit information system of the People's Bank of China as scheduled, which will adversely affect personal credit. Even if it is one day overdue, it is possible to report the credit.

First, as a formal loan brand, there will be no overdue violent collection. At the initial stage of non-repayment, the staff will remind users to repay on time by SMS or telephone. If the user has money to spend beyond the time limit, the borrower will be charged a penalty interest, and the specific charging standard is subject to the loan page.

Second, the overdue records of the money spent will be reported to the People's Bank for credit investigation, which will affect the credit records of users. Money is spent in strict accordance with the credit management norms of the People's Bank of China to fulfill the obligation of submission. If money is spent on loans, it will be credited. If it is overdue, it will also leave an overdue record on the user's personal credit report.

Third, the user's overdue repayment on the platform will also affect his future loans. Users who have been overdue for a long time can't continue to borrow, and they need to pay off all the loans before they can continue to try to borrow. If users are often overdue, the money spent by users will be reduced or cancelled.

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1. Money Flower is a credit service brand under Du Xiaoman Finance (formerly known as Baidu Finance, renamed in June 2008+2065438). Formerly known as Baidu Money Flower, it is positioned to provide personal consumer credit services for the public and create an innovative consumer credit model. Using Baidu artificial intelligence and big data risk control technology, it provides users with convenient, fast and safe internet credit services, which has the characteristics of simple application, fast approval, high quota, fast lending and strong security.

2. A number of product lines have been laid out, including "Qianhua-Easy Loan", "Qianhua-Privileged Loan" and "Qianhua-Short-term Loan". The scene has covered daily consumption, education, medical beauty and so on. , and can be accurately matched according to the user's loan demand, providing users with reliable credit services. 20 1 8165438+1October1,Youhuahua brand launched a brand-new Logo design, and the new version of APP was launched simultaneously in major mobile app stores. If you spend money, you will find money to spend.