Hello! Today we talk about micro-credit, which is the cash-in-the-cash business that the Twitter users apply for directly on Twitter or QQ platform. The timing of repayments, the problem of overdue payments and the consequences of overdue payments were subjects of concern。

How long can we postpone the loan? What would happen if it was overdue

Turning first to the repayment time, according to the official version of the Microparticles Loan, if the arrears were to be paid by 24 o'clock on the second day of the repayment date, they would be considered to be paid in full and on time, without any negative impact on you. In other words, you can postpone the payment for up to one day. But if it were more than a day, there would be some problems, like:

First, overdue costs. If you fail to pay your dues on time, the overdue interest rate, which is 1.5 times the normal interest rate, will be collected from the very day the arrears are due, and the charges will cease only if you pay them back. The longer the delay, the greater the cost。

Second, credit records were damaged. As a product of micro-banks, micro-prime loans have been connected to the system of letters. Your loan on the platform will be reflected in the credit records. The impact on your credit of late repayments is far-reaching and bad history will remain on the system for five years。

Thirdly, use is restricted. When your granule loan is overdue, the platform freezes your amount immediately, and the loan function is temporarily unavailable. This function will be restored only if the arrears are paid。

Fourth, collect. If it is overdue, the Platform will press you to pay by telephone or by text message. Family, family and friends, and even the possibility of a door-to-door visit, are a means of receiving。

Fifth, follow-up loans have been affected. Overdue records affect your application for credit cards or other loans. If the delay is not serious, the amount may be reduced and interest rates increased, and if it is serious, it may be rejected directly。

In general, borrowing has to be measured and over-borrowing has serious consequences for borrowers。