Loans and flowers are just two of the most popular loan services offered by the treasure, and many are believed to be familiar. Lending is primarily cash assistance to users, but unlike spending, borrowing is not free of interest, and interest is charged from the first day of borrowing. This may make it difficult for some users to withstand repayment pressures and lead to delays. So, what happens if it's overdue? Watch out for the defendant in court

What happens when it's overdue? Beware of being prosecuted

First, the borrowing is based on sesame credit assessment. If the loan is overdue, sesame credit points will be affected. The degree of overdueness varies, as does the extent of the decline in credit ratings. Some users have sesame fractions of just over 400, mainly due to severe delays in borrowing。

Second, the delay would not only affect sesame credit points, but would also result in a penalty rate. The longer the delay, the more the penalty would be, which would further increase the pressure on future repayments. In addition, some of the central bank's systems have been partially accessed, leaving poor records in the letters report once they are overdue. With the increase in the duration of the overdue period, if it reaches six consecutive times (i.e., three consecutive months, six cumulatively overdue), users will be on the blacklist, and it is almost impossible to apply for another loan in the future。

There may be users who consider the negative impact of credit to be insignificant, but at the tipping point it is not that simple. When the user is behind schedule, a caller from the platform is called upon. Although borrowing as a formal financial service provider does not result in violent collections or random debacles, mental stress remains a challenge. In the event of a lack of results over time, the platform could solve the problem by judicial means, and all the problems would be further exacerbated and it would be almost impossible to repay them。

Taken together, measures should be taken as soon as possible to settle the arrears after the delay, in order to avoid further difficulties. Indeed, it was not just borrowing, but the use of any loan product should avoid delays in order to maintain a good credit record。