Micro-loan 1068 SMS said that the installment would be cancelled if it was not paid back in three days.

In fact, it depends on how long the micro-loan is overdue and will be disqualified. If the overdue amount is large, and the user has many overdue records before, it may be overdue for one day, and the user's installment qualification will be cancelled. On the other hand, if the user is overdue only occasionally or the overdue amount is small, then according to the level of personal comprehensive score, the better the credit, the later the time to close the installment. In addition, small loans overdue will be closed, and overdue records will be uploaded to the People's Bank, which will have a great impact on personal credit.

What should I do if the small loan is cancelled by stages?

1, ask relatives and friends for help. When the small loan is cancelled by stages, the borrower can choose to ask relatives and friends for help if he is unable to repay all the bills at present. However, first of all, the borrower must figure out the principal, interest and penalty interest he owes, and then inform relatives and friends when asking for help. Generally speaking, the amount of micro-credit granted to users ranges from 1000 yuan to 10000 yuan. In most cases, lenders, family members and friends can still repay in full.

2. Negotiate deferred repayment. The borrower can choose to negotiate with the micro-loan officer to postpone repayment, but the borrower needs to prepare a legally effective "proof of economic difficulties" in advance. After getting the certificate, the borrower can directly contact the micro-loan platform and ask for negotiation. According to his actual situation, he can choose ways such as delaying repayment, individualized installment and reducing interest.

3. Use credit cards reasonably. If the borrower holds a credit card, it can actually solve the urgent need. Because under normal circumstances, each credit card will have a withdrawal limit of about 50%. If the borrower is short of funds in a short time, he can handle the cash withdrawal business, but remember to pay back in full and on time after use!

In short, after handling the loan, we must pay attention to timely and full repayment to avoid overdue and other bad behaviors, otherwise the consequences will be more serious.