Do you ever wonder if you could offer to repay only the principal if your Internet loan is overdue? At present, more and more people are choosing Internet-based lending as their own. However, once the loan was overdue, would it be somewhat confusing? Don't worry, I'll tell you what to do with the delay。

Can we negotiate the repayment of the principal

First of all, please, if you have a small amount of overdue online loans, you can just pay it back. There's no need to think about negotiating with banks. The time spent on it was not worth it, and it would be better to find more work and earn more money to repay the loan。

Second, if the interest generated as a result of the long overdue period becomes a big one and you have the ability to pay off the principal, then go to the Internet lender and negotiate to eliminate the bad credit record。

Finally, do not forget to present evidence of your economic difficulties during the negotiations. For example, you can tell them that you can repay the principal, but you can't afford such a high interest rate and try to negotiate a reasonable repayment plan。

What you need to know, however, is that the online loan does not support deferred repayments or negotiated repayments, so if you feel that you can't cope with the amounts to be repaid immediately, then you have to prepare enough funds to avoid delays. You can borrow money from friends, relatives or sell some of your valuable assets。

It is important that, in order to avoid the difficulty of entering into a loan, it is necessary to consider its economic capacity and not to put too much pressure on it。