Let's find out about the loan. This is a credit loan product launched under the financial umbrella of long-soldier consumer, which has specific requirements for the credit records and liabilities of borrowers, as well as some responses to overdue payments. Let's go into it. You'll see what's going on。

What are the requirements for credit and liability of borrowers for a loan? What if we don't take the loan

First, with regard to access to credit, the credit records and liabilities of borrowers must meet a number of conditions. Specifically, when applying for a loan, you need:

Good personal credit record: It requires a good credit history for you to get a loan. Banks or financial institutions will look at previous repayments, e.g., if they are on time, if they are overdue。

Low-risk ratings: Banks or financial institutions will distinguish between different risk classes according to their policies and standards. Often, borrowers with lower risk ratings have easier access to better interest rates and levels through audits。

3. Income stability: Your sources of income and stability are important. The bank ensures that you are able to repay the loan, and they look at your payroll, tax or other relevant documentation。

4. Low debt ratio: banks will also look at your liabilities. If you have other loans or credit cards that have not been repaid, your loan may be denied。

Second, what if we don't pay back on time? Don't worry, there are several possible ways:

1. To communicate with banks or financial institutions as soon as possible: If it is felt that the payment may not be made on time, contact them as soon as possible and inform them of your situation. Sometimes they offer some flexible means, such as deferred repayments, to help you through the difficult times。

2. Seeking professional advice: consulting with a financial adviser is also a good way to do so when you find that you may not be able to pay on time. They can help you find the right solution and minimize the loss。

3. Seek other help: If repayment remains a problem, you can try to find other ways to raise funds. Maybe family, friends or trusted people can help you。

4. Avoiding successive delays: To the extent possible, successive delays are avoided, as they lead to fines and additional costs. It is important to address this issue at an early stage。

Remember that late payments due to any cause affect your personal credit records. Therefore, before applying for a loan, please ensure that you have sufficient funds and capacity to repay the loan, as agreed。