As for why there are more and more micro-loans, the main problem is "overdue repayment". In addition to the credit information at the meeting, there will be penalty interest for overdue repayment. The longer the overdue time, the more penalty interest there will be. After this accumulation, the penalty interest paid to the platform will be high, so users will feel that their micro-loans will be more and more. In addition, micro-lending is an invitation system, and the application threshold is higher than that of general online lending products. If the user is overdue in the process of loan repayment, then next time he wants to borrow money, the platform will consider the credit problem during the review and will probably refuse the application.

There are three main repayment methods for micro-credit loans. Normal repayment, users only need to deposit the repayment amount when the debit card expires, so they can repay in advance, because microfinance is a loan repayment product, and users can repay in advance without charging other fees; The third is overdue repayment. The consequences of overdue repayment are very serious.

1. The comprehensive credit of microfinance borrowers has deteriorated. If the borrower fails to repay for a long time, or fails to repay with a credit card, personal credit will be affected. When reviewing small loans, you must check the credit information. Once your credit deteriorates, the platform will naturally increase the loan interest to control the loan risk. The borrower's debt ratio becomes higher. Some friends borrowed it many times, although they returned it on time. Before the last loan was settled, they began to borrow money again. The repayment ability is worrying and the loan risk is increasing; Borrowers' WeChat activities are reduced, such as rarely paying by WeChat. The borrower's activities do not support the system to judge its risk level, so the loan interest rate rises, and the micro-loan interest rate will be adjusted irregularly according to the borrower's account.

2. The borrower's debt ratio becomes higher. Although I paid the loan on time, I borrowed it many times. I started to borrow money again before the last loan was settled. The repayment ability is worrying and the loan risk is increasing. The borrower's WeChat or QQ activity declined. For example, we rarely use WeChat to pay, do not send QQ red packets, and do not buy Tencent-related products. The borrower's activities do not support the system to judge its risk level, so the loan interest rate rises.

3. In order to reduce the interest of small loans, borrowers are advised to maintain good credit. They will spend more money on the daily and offline consumption of WeChat, and the debt ratio will be reduced by no more than 50%. When using granular loans, the repayment shall not be overdue. The system will be updated regularly and pay attention to the official account of micro-loan WeChat. If the interest rate is adjusted, the borrower will be informed. In the final analysis, the borrower's own qualifications are getting worse. If a good comprehensive score is maintained, the loan interest rate may fall.