At a time of rapid economic growth, the Internet financial sector has also ushered in a period of prosperity, with an increasing number of people choosing to borrow on the Internet to meet their financial needs. But the attendant risks and disputes are also increasing. In particular, users who are unconscionable and unplanned are vulnerable to impulsive requests for loans and end up in a situation where they cannot repay on time. At this point, many would consider requesting an extension to allow time to raise funds. How, then, should consultations take place when the loan is overdue? This paper will present several practical consultative repayment techniques。

How can we negotiate after the loan has expired? It's important to have negotiation skills

First, it was clear whether the loan could be extended after its expiry, depending on the circumstances. Some lending institutions provide extension services, but most loans cannot be extended. If there is a genuine need to apply for an extension, the application must be made one month before the maturity of the loan, as the lending institution takes time to review and assess the consolidated qualifications of the borrower to determine whether to agree to the extension。

The first step in negotiating repayments was a low profile. Loan institutions usually do not proactively consult with debtors, and then we need to communicate with lending institutions. The consultations focused mainly on two aspects: the search for a certain grace period and the request for partial interest relief。

Secondly, the consultations must be conducted in good faith. It was important to be proactive in describing its difficulties and to emphasize that it was not a reluctance to pay back, but that it was a temporary standstill. At the same time, it was only a matter of time before the other party could know that you had a stable source of work and income and pay off the arrears。

IN THE PROCESS OF CONSULTATIONS, IT IS IMPORTANT TO BE RATIONAL AND JUSTIFIED. UNJUSTIFIED ANNUAL INTEREST RATES IN EXCESS OF 361 TP3T SHOULD BE FIRMLY REJECTED AND THE OTHER PARTY SHOULD NOT BE ALLOWED TO PRESS CHARGES. HOWEVER, IT IS OF THE UTMOST IMPORTANCE THAT BORROWERS DEVELOP GOOD HABITS OF TIMELY REPAYMENT. AFTER ALL, TIMELY REPAYMENT WOULD ENSURE A VIRTUOUS CYCLE OF LENDING RELATIONSHIPS。