Will the online loan explode in the address book after it is overdue?

Overdue online loans may be exposed in the address book.

Description:

1. The overdue online loan means that the borrower cannot repay the loan of the online loan platform on time.

2. The platform can take some measures to recover overdue payments, including publicly or * * * sharing the borrower's address book information.

3. Exploding the address book refers to making the borrower's overdue situation public and sending reminders or warning messages to the contacts in his address book.

4. The online lending platform may explode the address book for the following reasons:

-Collection means: In order to increase the collection pressure, the platform may send a notice to the borrower's relatives, friends, colleagues or units.

-Escape prevention: make public the borrower's overdue situation, making it difficult for him to evade the debt, and remind others to handle it with caution.

-Impact on social image: Breaking the address book can be used as a means to warn others of the consequences of default, thus maintaining the reputation and credit environment of the platform.

Summary:

When the online loan is overdue, the borrower's address book information may be disclosed or shared by the online loan platform to increase the pressure of collection, prevent escape and maintain the reputation of the platform. This practice may affect the personal privacy of borrowers to a certain extent, so borrowers should carefully consider their repayment ability and choose suitable lending institutions when applying for online loans.