Zhaolian Finance is three years overdue, and now the penalty interest is twice the principal. How to deal with it?

What should I do if the penalty interest of Zhaolian Finance is refunded by half?

The solution to the half penalty interest of Zhaolian Finance is as follows.

1, Zhaolian is an online loan.

2. Contact and negotiate repayment.

3. Call Zhaolian Financial Customer Service and ask the customer service to apply for partial penalty interest reduction.

What if Zhaolian Finance is unable to repay?

Zhaolian Finance cannot afford it. Users can choose to negotiate repayment with Zhaolian Finance. Users explain why they can't afford it, and it is best to submit relevant supporting materials to Zhaolian Finance for review. As long as the user expresses willingness to repay, Zhaolian Finance will generally agree to negotiate repayment after reviewing the information submitted by the user. Negotiating repayment can extend the repayment period and even reduce some interest.

When applying for a loan, users must apply for a loan according to their repayment ability, otherwise the risk of overdue is great.

First, the recruitment finance is overdue.

1, penalty interest. Overdue recruitment of financial services will result in penalty interest. If it is a multi-period consumption, and the user fails to pay it back within the time limit, Zhaolian Finance will make a daily withdrawal at the interest rate of 0.75‰ of the outstanding principal in the current period, and charge a late fee.

2. Produce bad credit information. Once the arrears of Zhaolian Finance are overdue, Zhaolian Finance will upload your overdue records to China People's Bank for credit investigation. Once the credit is overdue, you cannot apply for a loan.

3. collect. Once the recruitment finance is overdue, it will entrust a third-party collection company to carry out telephone collection, SMS collection and even violent collection. If the payment is overdue for a long time, the collector will contact your emergency contact or family, which will affect your personal life.

4. sue. If the borrower fails to repay the loan for a long time, Zhaolian Finance will apply for judicial proceedings, that is, take prosecution proceedings. Once the prosecution court is executed, you will be judged as a faithless person, and it is forbidden to take planes, high-speed trains, etc.

How to solve the overdue of Zhaolian Finance?

There are no very serious consequences. Late recruitment of financial services belongs to the field of economic disputes and can be solved directly through litigation.

There are not too many bad consequences. Only if you are suspected of fraud can you be held accountable by calling the police.

1. If the deduction fails or the customer forgets to repay on the repayment date, the system will have a three-day repayment grace period.

2. Repayment within the repayment grace period is not considered overdue, and no penalty interest will be generated.

3. If the repayment is not made after the grace period of 3 days, it will be deemed as overdue, and the penalty interest will be calculated from the first day after the repayment date.

4. Article 196 of China's Criminal Law mentions that as long as you and yourself ask for payment for three times, you can go directly to the public security inspection law and make a judgment. This is not a civil matter, but a criminal matter, but there will be many text messages and telephone reminders before that.