What are the consequences of Baidu wallet not paying back? Is it serious?
Qianhua is one of many loan products. It is supported by small-scale finance. Using the pure credit online loan model, you can complete the loan directly through the mobile APP. As long as the borrower is over 18 years old and under 55 years old, he has a stable job and good personal credit, he can apply for a loan on the platform. The system will automatically grant credit to users, and the maximum loan amount shall not be higher than the system credit amount. Note that if you have money to spend, you refuse to provide college students with consumer installment loans.
After the loan is successful, the user repays the loan in the next month. If the loan is released on15th of this month, the repayment will start on15th of the following month, and the final transfer date will be15th of the next month. If the repayment exceeds 1 day, it is overdue.
The consequences of overdue use of money are more serious, and the consequences of non-repayment are more serious.
1, resulting in penalty interest.
If you have money to spend overdue, there will be penalty interest, late payment fee and liquidated damages, which will be calculated according to compound interest. The longer the overdue time, the greater the personal repayment pressure.
2. The platform urges timely repayment.
If the money is overdue, I will definitely contact the money indirectly by SMS, or I may contact me by phone for confirmation, but I will not contact my relatives or other relevant contacts. Although the rich flower is a regular brand, there will be no violent collection, but it is also recommended to repay on time, remember not to overdue.
3. Credit report
The money spent has been docked with the central bank's credit information system, and short-term overdue will not be displayed on the credit information. If the overdue time is long and the overdue amount is large, the platform will upload the personal non-performing loan records to the credit information, which will affect the personal credit information and financial transactions with banks in the later period.
Step 4 exist
If the borrower still refuses to repay the loan through negotiation, the platform will contact the law firm to submit a lawyer's letter to the borrower, which will help to recover the loan. After losing the case, it will be enforced, and the borrower's real estate and automobile products will be auctioned, which constitutes a loan crime. Users will face more than two years and less than five years. In addition to repaying the principal and interest in full, you will also be personally punished.
Second, what will happen if Baidu wallet is overdue for 4 months?
At present, Baidu has money to spend and cannot postpone repayment. Please pay back on time according to the bill. In case of overdue, a penalty of 150% of the overdue amount shall be charged daily, and a credit report shall be made in strict accordance with the requirements of the People's Bank of China. Due to the overdue payment caused by your own problems, the credit record cannot be revoked.
Users who are overdue for a long time cannot continue to borrow money, and they need to pay off all the debts before they can continue to try to borrow money. If it is overdue frequently, your quota may be reduced or cancelled. It is recommended that you repay on time, so as not to affect your personal credit. In addition, keeping a good loan record will help you pass the loan review smoothly and may get a higher amount.
3. What about the education loan in Baidu wallet?
Step 1: Click to apply for an education loan.
Children's shoes can easily start the education loan process by opening the "Baidu Wallet" app in the school admissions office and clicking the "Education Loan" button on the home page.
Step 2: Find the school in three ways.
1. Search for educational schools, courses and invitation codes through the search box at the top of the screen.
Step 3: Fill in the tuition and loan amount.
Step 4, wait for review! The second batch ~