Will micro-loan send text messages to third-party contacts every day?

Micro-loan will send text messages to third-party contacts every day.

In principle, there is no grace period for micro-loans, so users will be collected by the platform if they have not paid back after the repayment date. According to user feedback, the contact person will be called within 3 days after the deadline, so it should be handled as soon as possible.

If it has not been paid back, the platform may also outsource the debt to a third party, and the third party's collection may be more intense than the platform's collection and standardization. Moreover, micro-credit is the product of credit reporting, which will leave a stain record on credit reporting after it is overdue.

If the user only fails to pay back on the repayment date, he can make it up at 24:00 the day after the repayment date, and the platform is still recognized. This time, it will not be considered overdue, and no penalty will be charged. In other words, although the platform does not indicate that micro-loans have a grace period, from the perspective of repayment, 24:00 the next day is ok, and users must seize the last chance.