MICROPRIME LOANS ARE A PERSONAL CREDIT PRODUCT LAUNCHED BY MICROBANKS FOR THE PURPOSE OF SIGNALLING TWITTER AND QQQ USERS. WITH THE USE OF THE GRANULE LOAN, THE USER IS REQUIRED TO PAY IN FULL AND ON TIME WITHIN THE SPECIFIED REPAYMENT PERIOD, OTHERWISE IT WILL BE CONSIDERED OVERDUE AND WILL HAVE SERIOUS CONSEQUENCES。

What's the consequence of a loan? How long will it take

#1T1T# CONSEQUENCES OF OVERDUE

First, there would be additional costs for delays. After the loan was overdue, interest rates were charged at 1.5 times the normal borrowing rate. As the time lag increases, the accumulated penalty will also increase and will not cease until the user has paid all its arrears。

Second, delays affect personal credit. As a credit product under the umbrella of microbanks, the overdue records of microprime loans are reported to the letter system as they are. Even if the user had paid its arrears after the delay, the late records would have been kept in the system for five years. Therefore, the effects of the delay are not only short-term but also have long-term implications for future credit operations。

### METHOD OF AVOIDING OVERDUE

In order to avoid these negative consequences, users should follow the following in their use of particulate loans:

1. **Reimbursement on time**: ensuring full repayment within a specified time frame is key to maintaining a good credit record。

2. ** Control of the frequency of loan requests**: avoid frequent applications for loans, without unnecessary impact on individual credit records。

3. **By maintaining good lending practices**: not only in the case of particulate lending, but also in the use of all credit products, good lending habits should be maintained and help to maintain personal credit records。

### CONCLUSION

In short, while we have been provided with easy lending services, it is important to maintain good repayment habits during use and to avoid any delay in order to preserve our personal credit records。