We all know that the overdue loan may damage our personal credit records and may result in a penalty. So, if you're late for the shivering moon, what should you do

What if the shivering is over

First, an attempt was made to apply for an extension of repayment. If they are temporarily unable to repay their monthly payment on time and contact them on their own initiative, they will consider such factors as your historical repayment records, personal credit conditions, and the use of the accounts to process your extension request, which can normally only be extended for one month。

Secondly, you can sell your own idle items to raise funds. The sale of electrical appliances, clothing, books, etc. through the second-cell phone market allows for partial repayment of funds, which may not be fully repaid, but can alleviate debt pressures。

In addition, a temporary increase in your source of income is a good way to do that, for example, by working overtime or working part-time. At the same time, reducing unnecessary consumption, such as overluxurious recreational activities, can help save money。

The withdrawal of the Provident Fund is also an option, if you are able to use it to reimburse the monthly payment of the shivering, for reasons such as separation, retirement, and residence abroad. However, this would require a one-time withdrawal of all account balances and the cancellation of accounts。

Another option is amortization. The monthly payment of the shivering support is in instalments of a minimum of $10, which will need to be processed at the latest on the date of payment. Ideally, if the full amount of the arrears could be divided, there would be no need to repay it in the current month and to wait for the next bill to produce a partial payment of principal and fees。

Of course, if you face short-term cash flow difficulties for the time being, you can opt for a minimum repayment, which will not result in delays, protect your creditworthiness and ease repayment pressure. Please note, however, that interest will be charged against the outstanding amount as from the date of repayment。

Seeking help from family and friends is also a viable way. As long as it ensures that borrowing does not burden them, it is possible to try to borrow from them. At the same time, specific details such as the timing of borrowing, interest rates and the manner of repayment are identified in order to avoid possible subsequent disputes。

Finally, if the economic problems you face are longer-term, the repayment plan may be readjusted in consultation with the monthly payment of the voice, which may require detailed information such as financial and living conditions, so that they weigh and reset the repayment plan。