Blacklist and other consumers
As we all know, now is an honest and credible society. You can travel around the world as long as you have good credit. For many people, if you can't afford to borrow money or use wealth management products, the platform will inevitably blacklist you, for example.
As can be seen from the official answer of orange staging, the customer has signed a contract when using it. If the consumer can't repay due to personal problems during use, the personal information of the consumer will be reported to the personal credit information system by orange installment.
For consumers, whether it is orange installment or other financial platforms, if they can't repay for personal reasons, the price they pay is very high, and they may not be able to borrow money to buy a house or a car.
Consumers need to bear overdue penalty interest.
In fact, the application mode of orange staging is similar to Alipay's loan. Similarly, Alipay's loan does not require contact with credit information. As long as it is not overdue, there is no need to contact the credit information.
If consumers use the orange installment loan service, no matter how long it is used, as long as there are new overdue regulations, especially those that cannot be returned on time, then consumers need to bear overdue penalty interest.
Normal life is affected.
As an experienced person, I can tell you that as long as my family has a way, I will talk to my family for the first time, why and how much, because only my family can help you.
Secondly, don't borrow money from other financial platforms, because borrowing from the east and borrowing from the west will only make your life more uneasy. If we can't pay back, it's not ruled out that platform personnel will constantly harass your family in the later period. As long as they are your contacts, they will, for example, harass.
To sum up, personal life is bound to be affected.