What are you going to do when you're behind in the microloans? If you find it impossible to reach an agreement with a lending institution, you may need to re-examine your strategy. After all, the overpayment of the Internet mortgage not only affects your credit, but may also cause a series of problems. If the consultations were not successful, then how should we avoid the consequences of debt overhang

What if the Internet loan is delayed? In order to avoid the consequences of debt overhang

First, you can reformulate the consultation plan. There are many ways to negotiate, for example, by requesting relief of interest, interest or even principal. In addition, a request may be made for an extension of the repayment or a instalment. In the position of lending institutions, deferred and instalments are often relatively acceptable to them, as this has less impact on the overall risks and interests of the institution. It is therefore a good option to develop your negotiated repayment plan around these points。

Second, a reasonable repayment plan was also important. You need to explain your repayment plan to the platform in detail and show your sincerity in the process. Bearing in mind that a viable repayment plan is designed not only to take into account the actual economic situation of the country, but also to ensure that it is viable in the short term, After all, a reasonable and sincere repayment plan could help to improve the chances of successful consultations。

The provision of documentation is also a common method. In order to prove that you did not intentionally default on the loan, a variety of materials such as letter reports, proof of unemployment and proof of assets can be provided to the platform. These materials can help the lending institutions to better understand your real situation and deepen mutual trust, thus contributing to the smooth conduct of the consultations。

Finally, if the loan platform has doubts about your qualifications, you can try to find a qualified third-party guarantor. The need for joint and several liability on the part of the guarantor may, to some extent, alleviate the concerns of the platform and thus enhance the likelihood of successful consultations。

In any case, if the Internet loan is not successfully negotiated after the deadline, you may wish to reapply in accordance with these methods in order to minimize the negative impact. In addition, when applying for loans, careful consideration should be given to their needs and ability to repay, avoiding economic pressures and credit losses arising from excessive borrowing. Only when the application is submitted to the extent that the economy permits will it be better to avoid the occurrence of a bad situation。