In addition to the credit investigation at the meeting, Lending Bao will also take other measures for those who fail to pay back after the deadline. For example; 1. Loan Bao will charge a high overdue penalty interest every day, which is much higher than the normal loan interest; 2. Lending treasure will collect loans in various ways and put pressure on borrowers; 3. The borrower's overdue records will also be reported to the online credit information system and other private credit information systems; 4. When necessary, Yaobao will mercilessly take the borrower to court, request the court to seal up and freeze its assets, and put the debtor on the untrustworthy list.
Generally speaking, overdue loans may be overdue. In order to have a good credit record, it is suggested that you must repay in full and on time according to the loan contract.
: Lending Bao app was developed by Chengdu Lending Bao Technology Co., Ltd. ... Lending Bao is a tool for personal lending and inter-enterprise supply chain financing, which generates and saves electronic contracts for lending or financing between users. Users can make repayment, extension, write-off, transfer of creditor's rights, dunning, mediation, private prosecution, agency litigation, etc. The loan risk is borne by the user himself, and Lending Bao does not provide the promise, guarantee or interest of principal recovery.
Software function: 1. Write an iou. After the borrower and the lender reach an agreement on the loan amount, term, interest rate and other conditions through offline negotiation, they can issue electronic IOUs through Lending Bao. The borrower will provide the loan agreement template and the loan bill issued by Lending Bao. After both parties fill in the conditions independently, they will sign by electronic means. The lender transfers the funds to the borrower through a third-party payment institution or other means, that is, it completes the loan, entrusts the loan treasure to keep the agreement and other supporting materials. When the loan expires, the borrower can repay the lender in various ways. After consultation, both parties can also extend and close accounts through Labor Bao, and entrust relevant parties to provide repayment reminders and legal services through Labor Bao. Users bear the risk of borrowing by themselves, and Lending Bao does not provide the promise or guarantee of principal and interest recovery. 2. The two parties that form the creditor-debtor relationship offline supplement the electronic IOUs through the loan treasure. The reasons for this relationship are borrowing and selling on credit. IOU operator provides IOU agreement template. After the two parties fill in the conditions independently, they will sign by electronic means and entrust Waibao to keep the evidence materials such as the agreement. After the debt expires, the debtor can repay the creditor in many ways. After consultation, both parties can also extend and close accounts through Labor Bao, and entrust relevant parties to provide repayment reminders and legal services through Labor Bao. 3. The desire of relatives and friends to invest in individuals and send investment opportunities to relatives and friends through lending treasures. After relatives, friends and individuals reach an agreement on the investment amount, duration and annualized rate of return, they can generate and save the agreement through borrowing treasure. 4. Individuals can register their creditor's rights unilaterally through Lending Bao, or they can choose to entrust litigation or settle accounts by telephone. 5. Enterprise accounts receivable discount supplier enterprises initiate accounts receivable discount, and downstream enterprises use their own funds, institutional funds, employee investment and other funds to discount. Supplier enterprises recover accounts receivable in advance, and downstream enterprises get payment discounts.