First, we want to understand that borrowing rates are higher than bank loans, which is the main reason why many people want to close it after it is activated. Then, you might ask, can you choose to close on a loan? Not really. Because when you want to close the loan, the system will check whether your loan has been paid off, and it will not be able to close it if it is still outstanding. Therefore, the user must pay off the full amount of the loan before choosing to close off the loan service. It is also important to note that once closed, if it is to be reopened, it needs to be re-evaluated by the platform and there is no guarantee that it will be successfully opened. Therefore, we recommend that users exercise caution and keep this service as much as possible if they need a loan at a later stage。

If there's a loan to close down

What if you find out you can't repay your debts? Fortunately, if you are unable to pay, you can take the initiative to contact the client service to negotiate and try to apply for an extension of the repayment period or amortization. Once the extension has been granted, you can repay the arrears under the new repayment plan, which will ease the pressure on repayment. In addition, users can attempt to borrow money from their relatives and friends and to pool funds to repay the loans, after all, the sooner the arrears are paid back, the better, and the later the loan is repaid when there is more。