What happens when the money is half a month overdue? Are the consequences serious

First of all, it will have a negative impact on your credit scores. The Mission's loan is a micro-credit product with a letter function, so if you extend it for more than half a month, your infractions will be reported to the system, which will leave a flaw in your credit report and may have an impact on your future application for a loan。

Second, you'll be asked to pay the default money. In the event of a delay, in addition to normal interest on the loan, the Platform ' s default fine is payable. The fine is billed on a daily basis, and the longer it is overdue, the more the fine is imposed, putting pressure on your finances。

The Mission platform also takes a pick-up measure, usually only to contact the user himself and not to disturb your family or friends. If the deadline is too long, the Mission platform may even terminate the loan agreement early, requiring you to pay your arrears in advance, which would greatly increase your economic pressure. At the same time, the amount of credit you can have may be reduced, or even frozen, to prevent users from falling behind again。

In extreme cases, if the user is long overdue and the platform is unable to reach the user, or if the user fails to meet its obligation to pay after collection, the consortium chooses to settle it by legal means and sues the user, which would have a serious negative impact on the user ' s credit。

Obviously, if you're using the "American loan" and it's half a month overdue, it's going to be a big problem. So, when you think about using the dollar, you have to keep a good repayment record, and at the same time you have to assess your own repayment pressure and make reasonable borrowing in accordance with your economic ability。