If the platform has been charging high interest, customers can also collect relevant evidence and report the loan platform to the local CBRC or Internet Finance Association. If the interest charged by micro-loan is not beyond a reasonable range, then the customer will naturally repay the loan principal and interest on time within the prescribed repayment period, otherwise it will be overdue. At that time, it will not only affect personal credit, but also generate overdue penalty interest, and the amount to be repaid will be more.
Of course, if the customer is really absent, you can contact the platform customer service to negotiate and try to apply for an extension. In addition, it should be noted that some loan platforms may allow customers to repay only the principal, and may also reduce interest, so as to recover funds and reduce losses.
Extended data:
Does frequent borrowing not overdue have an impact on credit reporting?
Although it is not overdue, frequent borrowing may still lead to risk control of the platform. It is believed that users have a large demand for funds and high debts, and subsequent repayment may not be up. In the credit report, the corresponding loan records will be displayed, including the loan approval records of the corresponding platforms, which will naturally have a certain impact, such as credit reporting.
Therefore, users are advised to choose the platform and products suitable for them when applying for loans at ordinary times. A better choice is that the amount is relatively high, which can meet the capital demand at one time, rather than applying one by one. Of course, good reputation is the key. After all, users with high quality conditions will naturally have higher money.