Borrowing, as an easy-to-use borrowing service as a platform for the payment of treasures, often raises questions among users, for example, “What happens if the loan is overdue?” “What is the specific definition of overdue?” And then we're going to go into them together. First, the default criterion was clear: if the payment had not been completed by 24 hours on the date of the agreed repayment date, it would be a delay. Users need to be aware that borrowing does not provide them with a grace period, that is, you have to pay your debts on time。

How long is it due

That is all the tea session talk, so let's go into the details of the overdue processing. The borrowed late treatment is in fact divided into two stages. The first phase was a grace period, usually seven days. Within these seven days, if the user had paid off the loan, it would not have been counted as overdue and only a certain amount of late payment would have been required. However, if you do not pay back after the grace period has expired, then you will enter the overdue period, which needs to be taken seriously。

Another user often asks, "Why can't I borrow?" There are four possible reasons. First of all, maybe you didn't use borrowing a lot, so the payment thought you didn't need it anymore. Second, if you are late or use other loan products to produce late records, then this information will be recorded in the Central Bank's letter system and access to this information may affect your use. Thirdly, if you keep paying in advance, you cannot receive the interest rate due, which is considered a breach. Finally, frequent changes of registered mobile phone numbers or bank card information may be identified as high-risk behaviour, which may affect your use of borrowing。