Most of the usual users of the borrowing platform are disturbed by the meaning and consequences of the terms “blacklist” and “blacklist”. Although these two terms are often the hotbed of discussion and the severity of the consequences is known to the public, not all users are aware of their specific meaning and impact. So what's "blacklist" and "blacklist"? What are the consequences

What's Leather and Blacklist? The consequences are so serious

First of all, you need to know that both the “blacklist” and the “blacklist” stem from a default on a loan, but not all defaulting users are labeled as such. “Blacklist” users are those borrowers who have been overdue three or six times in a row, and this would result in their credit being blacklisted. “Ligue” refers primarily to those who have failed to honour their repayment obligations for a long period of time and have been sued by creditors or financial platforms until the court. From this information, we can see that blacklists differ in nature from old ones, who are the result of the worsening debt of blacklist members。

Whether they are blacklisted or old, they face serious consequences. For example, blacklisted users will be barred from lending by all financial institutions until the problem is resolved, and their spouses may be affected by their application for credit。

The impact of “old-lines” is more far-reaching than that of black-list users, who are not only subject to a number of restrictions in their daily lives, such as the inability to fly, but whose bank accounts are also closely monitored and cannot be over-consumptioned, and whose children are unable to even take post-graduate examinations, which has a huge impact on their future. As a result, a number of users are very concerned to become “brains”。

Finally, we must stress that it is important to be rational when borrowing and to do so in accordance with their economic situation, so as to avoid debt overhang that leads to non-payment。