Hello, young people. Let's talk today about a topic that is very important in online lending: can we postpone it when it's overdue? While easy to use as a borrowing instrument, which is currently widely used, the situation can become difficult if borrowers face temporary repayment difficulties。

Can we postpone the loan

Come on, let's get this straight. Indeed, if you are not in a position to repay the loan on time, you can apply to the lending institution for an extension. But don't underestimate the concept of “extend”, which is also time-bound. During this period, the loan institution also normally charges interest on your loan. At the same time, if you have submitted a request for an extension, it is subject to the approval of the lending institution, and if this is not adopted, you must also pay the money in accordance with the original repayment plan。

In fact, the advantage of a deferred repayment is that it can help you avoid overpayment, although this method is not one that everyone can successfully apply for. If you fail to apply for an extension of payment, you will still have to pay your arrears in full and on time on the date of payment, so that you will not have any overdue records and interest. In addition, it is important for small partners to note that the overdue online loan will also appear in letters and that the late recording may affect your personal credibility。

What should you do if your Internet loan is overdue and your attempt to negotiate repayments fails? First, you have to pay your arrears as quickly as possible in order to avoid additional interest and fines. If you cannot pay back your arrears once and for all, you can also try to consult with the platform and find other solutions, such as instalment payments or extension of the repayment period. Secondly, you can also seek legal assistance to know your rights and interests and what to do about it. Finally, you should keep in touch with the borrowing platform in time to avoid further problems and disadvantages。