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The consequences of cicada's failure to repay the loan
If the loan is not repaid, Jin Chan will bombard you with text messages, and he will also send them to friends and relatives in your address book to tell them the news of your arrears. If the amount is too large, they will even hire a third-party company to collect it at home, which is very terrible.

At present, there are many loan softwares with unknown sources on the market. They claim that the examination conditions are very simple, and it only takes a few minutes to get the loan. Many people are attracted by such a simple threshold. However, once they borrow money, they find that such software is actually illegal. Their interest rate is very high. Once they can't repay on time, they will collect money and bomb themselves or their families in turn. Therefore, it is best not to contact online loan software easily, because many softwares are actually informal, and once they are not careful, they will easily go astray and be cheated by such softwares. Of course, if you really have no choice but to borrow software to tide over the difficulties, you must also choose those formal and reliable software. Such lending software often has a low interest rate and will not use violent collection to force you to repay the loan, so your pressure will not be so great.

In case of black online loan collection, it is best to seek legal assistance from a lawyer as soon as possible. Be sure to stay calm, don't be scared by the other party, and seek legal aid in time. If you encounter violent collection, you need to keep good chat records, telephone recordings, etc. We can teach you how to handle it correctly. Black online loans generally reach the victims through SMS reception at base stations, friend introductions, friends circle, website links, small advertisements on the wall, the most popular apps at present and even the recommendation of regular shopping malls. They use the curiosity of the victims to test the quota and check the interest rate. In order to lure the victim to download the APP, so as to obtain important information in the victim's mobile phone. We have the right way to pay back only the principal.