Let's get to the bottom of this, which is one of the micro-credit platforms. Today, all Internet lending platforms are registered as central bank letters. You're probably thinking, "How long will it take to get a letter?" "Now, let's find out exactly。

How long will it take

How soon will a small overdue be able to access the system? In fact, the day after the expiration of the deadline, the first time they are reported to the Central Bank’s system, so that the poor record is kept in the individual letter report. In the case of small-scale finance, you have a relationship with the Central Bank, and your loan records will start to be recorded in the system on the day the loan is successful. Therefore, for your own personal letter, you need to ensure that the loan product under a small financial scale is repaid in a timely manner in order to prevent the personal late payment record from being compromised by overdue payments. In the event that you are inadvertently overdue, it is recalled that early repayments are required to reduce negative overdue records。

Let's see now what the concrete consequences of a small delay are?

First of all, if you fail to pay the due amount, the small financial unit will assign a staff member to urge you to pay as soon as possible by telephone or by text message. They might even contact the people on your address book, which could seriously affect your life。

Second, small financial arrears can affect individual letters. Small-scale finance works with the Central Bank’s credit system, and if you do not pay back, you will have overdue records, which will lead to the uploading of overdue records into the Central Bank’s letters, with implications for your personal letters。

Finally, a small amount of overdue financial repayments would begin to charge a fine. Since the expiration of the relevant period, a fine has been charged in full. The longer the overdue period, the more the corresponding penalty will be, which will increase the amount of money you need to repay, thereby increasing your repayment burden。