You might want to know how your late principal is calculated if you have overdue payments in the use of a soft-flowered microfinance service. It's okay. Let's talk about this。

How do you calculate the balance of the AE principal

First, we need to understand how the overdue principal is calculated. This is really very simple, and the formula is: the overdue principal = the borrowed principal x the overdue days x the overdue interest rate. Among them, “pricing principal” is the money you actually borrowed, while “days overdue” is the number of days from the date on which you were supposed to pay back, the date on which you actually pay back, and “late interest rates” is the interest rate set at ease。

FOR EXAMPLE, IF YOU BORROW $1,000, BUT YOU'RE 10 DAYS BEHIND SCHEDULE, AND THE OVERDUE INTEREST RATE IS 0.11 TP3T, THEN YOUR OVERDUE PRINCIPAL IS: $1,000 X 10 DAYS X 0.11 TP3T = 10。

Now that we're talking about overdue payments, perhaps you'll have a question: can I borrow money after I'm overdue? The answer is, it depends. Once all your loans have been repaid, and you have successfully restored the credit that was damaged by the delay, the system will conduct a comprehensive assessment and, if you meet the standards, you will be able to continue to use easy flowers in the future. Even if your account level is frozen, as long as your credit is restored, the system scores are up, the amount will be unfrozen。

But remember, your credit may take some time to repair, so you may not be able to borrow in the short term. It is recommended that you spend three to six months repairing your credit and not rushing to re-borrow, because the system may refuse your loan because of your credit problems, fearing that you are again overdue。