What will happen if Huaxia credit loan cannot be repaid?
1 Affect credit reporting.
Huaxia credit loan was received at the meeting. Huaxia credit loan is overdue if it is not repaid. Once overdue, Huaxia Credit Loan will upload the overdue records to the credit information system, which will affect the borrower's credit information.
2 be collected
Once Huaxia Credit Loan cannot be repaid, the staff of Huaxia Credit Loan will call the borrower for money by phone or SMS, which will seriously affect the normal life of the borrower.
3 collect penalty interest
If the penalty interest is charged from the overdue date of Huaxia Credit Loan, it will be charged on a daily basis until the borrower pays off, thus increasing the repayment amount of the borrower.
It can be said that the consequences of Huaxia credit loan not being repaid are very serious. If you don't repay for a long time, you may even be sued and forced to repay. If Huaxia Xincai can't afford the loan, you can negotiate with Huaxia Xincai to repay it, or find relatives and friends to borrow it first, which is very stressful.