What does 7 14 mean? What will happen if the 7 14 anti-aircraft gun is forcibly launched?
What does 7 14 mean?
7 14 refers to some online loan products with a loan term of only 7 days, 14 days, or platforms under the pretext of providing 7 days, 14 days.
In addition to the short loan period, this kind of platform also has the characteristics of low loan threshold, few materials to be audited, simple approval process and relatively small loan amount, generally several hundred yuan or several thousand yuan. Therefore, it seems to be a good choice for some people whose credit promotion is not very good, but who have certain small capital needs.
Some netizens whose credit information is relatively "black" said that only 7 14 can make loans and successfully repay them, and there is no way to make loans in large amounts or in installments, "unless it is a natural person". For them, 7 14 is the only source of borrowing.
However, the interest and expenses of such loans are generally high, so the actual capital cost is very high, which is the so-called 7 14 anti-aircraft gun. The "7 14 anti-aircraft guns" exposed by name this time include Kuai Yi Loan, Kuai Yi Bao, Little Sheep, Tian Tian Loan, Ji, Shandao, Qian Furen, Jinchan Wallet, Fuxingbao, Xiang Qian Loan, Pipihua, Ding Ding Loan, Le Yi Loan, Egg Flower, Yihua Loan, Miaomiao Loan, Zero Time Pocket, Universe White Card and so on.
Why isn't 7 14 on?
The main reason why I can't afford it is because the interest and expenses are too high.
According to reports, Ms. Dong borrowed 7,000 yuan through 7 14, and it rolled to more than 500,000 in just three months! "There are about 50 platforms for all loans, and the daily overdue fee is above 1 10,000 yuan."
A situation like Ms. Dong's is not a case. On the one hand, the interest on ultra-short-term high-interest loans is very high. On the other hand, these platforms will charge various fees, further pushing up the comprehensive rate.
For example, the handling fee charged when lending is also called "beheading interest". For example, for the loan of 1000, only 800 yuan may actually get it, and the remaining 200 will be deducted by the platform in the name of handling fee and deposit. On some platforms, this cost may be as high as 50%.
In addition, there are account management fees, overdue fees,
A few days ago, a user showed Dr. Kang a loan contract.
What will happen if the 7 14 anti-aircraft gun is forcibly launched?
First of all, there must be all kinds of extra fees and penalty interest, like snowballing. The longer you owe, the more extra money you need to pay, but if you are going to force it, don't care about the penalty interest.
Secondly, there will be a collection, and the electric reminder is certain. Do not rule out other collection methods, and see if individuals can hold on. I will tell my relatives and friends with great probability, which will definitely affect my life.
In addition, it may also affect credit reporting, including central bank credit reporting and third-party credit reporting, because credit reporting will become more and more important in the future, so it is best not to forcibly give credit reporting 7 14 anti-aircraft guns.
For the 7 14 antiaircraft guns that failed to receive the credit information, the return is not important. The first two consequences are that if it is a credit inquiry, it is recommended to negotiate with the platform first and return the interest and loan principal below 24%. If the platform disagrees, you can seek legal help.