Presumably, many people have the experience of borrowing money from others, thinking that everything will be fine if they pay back the money, but they do not know that there will still be some potential risks, such as creditors refusing to pay back the money and scolding you for trouble. So what do borrowers need to pay attention to when repaying, and what are the precautions?

What should the borrower pay attention to when repaying? What are the precautions?

The borrower should pay attention to the following matters when repaying the loan:

1. Repayment must be made to the lender specified in the loan contract or iou, unless the lender issues a power of attorney to entrust the borrower to hand over the repayment to others or transfer it to other people's accounts;

2. The debtor should also keep repayment vouchers, which can be bank remittance vouchers and repayment receipts issued by the lender in person. The lender can also indicate repayment on loan contracts, IOUs and other vouchers.

3. Pay attention to the best witness. Although it is a matter for both parties to borrow money and pay back the money, it is best to have a third party present, especially for small loans without IOUs, so as to reduce the possibility of disputes in the future.

4, pay attention to the best one-time payment. In order to make it easier for the other party to arrange the use of the money, it is best to pay off the loan in one lump sum. If you really can't pay off the loan at one time, you should explain the reason to the other party for understanding and explain how much is still missing. It is best to write down the repayment and the amount owed on the original IOU.

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Personal loan types: Personal loans are classified according to product uses, including personal housing loans, personal consumption loans and personal business loans. According to the guarantee method, it includes personal credit loan, personal pledge loan and personal guarantee loan.

When applying for personal loans, we should pay attention to the following issues:

1, apply for a loan amount according to your own ability, and usually the monthly repayment amount does not exceed 50% of the total family income;

2. The loan purpose should be legal and compliant, and the transaction background should be true;

3. According to your repayment ability and future income expectations, choose the repayment method that suits you;

4. The information provided to the bank should be true, the address and contact information provided should be accurate, and the bank should be informed in time;

5. Read the terms of the contract carefully and understand your rights and obligations;

6. Repay on time to avoid bad credit records;

7. Don't lose the loan contract and IOUs. For mortgage loans, don't forget to cancel the mortgage registration after paying off the loan.