Buying a mobile phone by stages is a kind of buying and selling behavior, and consumers and businesses form a contractual relationship. However, if the mobile phone is overdue, it is a civil dispute and does not need to bear criminal responsibility. For overdue fees, different online lending platforms have different names and different charging standards. Whether it is called overdue penalty interest, overdue management or other various names, the charging standard is very high. Therefore, those who have the ability to repay on time should never be overdue. At present, most online lending platforms have not been connected to PBOC's credit information system, but it has become an inevitable trend to connect to PBOC's credit information system. In the future, if the online lending platform fails to repay the loan within the time limit, it will be recorded in the credit information system of the People's Bank of China, just like bank loans and credit cards that are overdue, causing credit stains. If the previous consequence is only losing face, then the stain of credit information will affect real life, and there is no way to borrow money if you want to buy a house, no way to mortgage if you want to buy a car, and so on.
Legal basis:
People's Republic of China (PRC) Civil Code
Article 577 Where a party fails to perform its contractual obligations or fails to perform its contractual obligations in conformity with the contract, it shall be liable for breach of contract such as continuing to perform, taking remedial measures or compensating for losses.
Article 578 Where a party expressly expresses or shows by his own behavior that he will not perform his contractual obligations, the other party may require him to bear the liability for breach of contract before the time limit for performance expires.
Article 579 If one party fails to pay the price, remuneration, rent or interest, or fails to perform other monetary obligations, the other party may demand payment.
Derivative problem:
Excuse me, how much will I be prosecuted after the deadline?
If the loan contract does not stipulate the time for prosecution, but the overdue amount is large or overdue for more than three months, a lawsuit may be brought. As can be seen from the loan contract of Ant Borrowing, if the borrower fails to repay in full and on time as stipulated in the contract, it has already constituted a breach of contract, then Ant Financial can solve the dispute through legal channels, such as providing the borrower's information to the collection company, law firm, court, arbitration commission and other competent departments.