Consequences of non-repayment of small loans: overdue records will be collected after the deadline, resulting in poor personal credit collection; After overdue, interest will be charged according to the number of days overdue; During the overdue period, you will encounter SMS and telephone collection; Family or friends can answer the phone; Before the overdue records are deleted, you will not be able to handle the credit investigation business; Lenders may sue users. If you can't contact the customer, you can call the customer's emergency contact number. Some lenders/platforms can even get information from customers' address books and call relatives and friends in the address books, which is bound to disrupt daily life.
It can be seen that the consequences of not repaying small loans are more serious. After overdue, users must pay off overdue debts as soon as possible. If the overdue debt cannot be paid off as soon as possible, the user can apply for repayment from the lending institution through consultation. The purpose of negotiation is to reduce the repayment pressure of users and make users pay off overdue debts as soon as possible. This does not mean that overdue records will be deleted after successful negotiation. Due to credit problems, lending institutions/platforms are likely to freeze the amount in customers' loan accounts, making it impossible for customers to borrow again. Even if customers borrow money from other institutions/platforms, they will be checked for credit, so borrowing money will be blocked and it will be difficult to successfully borrow money in a short time.
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