Won't micro-loan inform WeChat friends?

Won't micro-loan inform WeChat friends?

Won't micro-loan inform WeChat friends? Because of the convenient and safe lending mode of micro-loans, many people began to borrow money with micro-loans. However, when their capital turnover is not timely and the micro-loan is overdue, many people begin to fear whether it will inform WeChat friends and let their relatives and friends know that they owe money, so will micro-loan not pay back WeChat friends?

Will micro-loan inform WeChat friends? 1 Will micro-loan notify WeChat friends?

Wechat friends will not be notified. Micro-loan is a product launched by Weizhong Bank. Although the application portal has been entered on Tencent platform (WeChat, QQ), it is not a product of Tencent, so we will not inform WeChat friends.

However, if the user is overdue, Weizhong Bank will call or send a text message to the emergency contact, which will also affect others and leave the debtor with a bad impression of dishonesty in the eyes of relatives and friends.

In addition, small loans were notified by the central bank at the meeting. If the user is overdue, it will leave a stain record on his credit report, and the platform will also charge the user a penalty interest. The calculation standard of penalty interest is: overdue principal * daily interest rate *50%* overdue days, which increases the repayment pressure of users.

However, compared with other loan products, micro-lending is still relatively loose. If the repayment is not made on the repayment date, as long as the repayment is made before 24: 00 the next day, it is still regarded as normal repayment.

The above is about "Will micro-loans inform WeChat friends?" . Generally speaking, the micro-loan will notify the contact person when it is overdue, but it will not notify the WeChat friends. Users are advised to repay on time, and don't be overdue, otherwise they will bear negative consequences.

Will micro-loan notify WeChat friends? 2 Micro-loans will not send messages to WeChat friends when they are overdue. Although micro-loan introduces traffic through Tencent platform, it is not a loan product of Tencent, and it is impossible to collect users' WeChat friends.

However, it should be noted that micro-loan is a loan funded by Weizhong Bank, so even if you don't notify WeChat friends, you will take corresponding overdue penalties. For example, collecting liquidated damages, reporting credit information, freezing the quota, and urging users by SMS/phone. It is suggested to settle the arrears as soon as possible.

Consequences of Small loans overdue Repayment

1, bear high penalty interest.

After the micro-loan is overdue, a penalty interest of 50% of the overdue principal amount will be charged every day. The specific calculation formula is: overdue interest = overdue amount * overdue days * daily interest rate *( 1+50%). The daily interest rate of small loans is generally 0. 05% is not high, but it is not low after adding penalty interest.

2, credited to personal credit.

Credit Information on Micro-loan As long as you click "Borrow from Micro-loan", you will get a credit line. No matter whether you borrow money or not, you will leave a query record on your personal credit information. Every time you borrow money in the future, a new loan record will also be generated on your credit information.

Needless to say, the overdue records will be uploaded to the People's Bank for credit investigation, which will form a credit stain and affect the application for loans and credit cards in the future.

The defendant went to court.

Borrowing money for a long time overdue or deliberately not paying it back is in danger of being sued by small loans. Once the court decides that the micro-loan is successful, the borrower not only needs to pay back the money, but also pays the litigation costs and huge fines of both parties. If the borrower refuses to implement it, it will be included in the "blacklist" of untrustworthy people and even face jail.