Micro-loan is overdue for three months, and 12,000 yuan has been paid, which is the last installment. Without discussion, I sent a message saying that I would come to the door. Is it true?/You don't s

Micro-loan is overdue for three months, and 12,000 yuan has been paid, which is the last installment. Without discussion, I sent a message saying that I would come to the door. Is it true?/You don't say. The information may be false. Unless it's an official figure. If the small amount of loans overdue lasts for a long time and the overdue amount is large, then foreign tourists may come to collect it. However, even if a foreign visitor comes to the door, he usually knows the actual situation and home address of the borrower. The foreign visitor will contact the relevant departments and ask the staff of the customs clearance department to cooperate with the foreign visitor to inform the borrower of repayment.

Therefore, after the user's micro-loan is overdue, as long as the user actively pays off the arrears, no foreign visitors will come to collect it.

Consequences of non-repayment of small loans

1, high penalty interest

After the micro-loan is overdue, in addition to the normal interest, a high overdue interest will be paid, and a penalty interest of 50% of the agreed interest rate will be charged for the overdue principal amount every day until it is paid off.

Default interest for overdue = overdue principal x daily interest rate x50%x overdue days.

2, credited to the credit report

The amount of small loans will be recorded in the credit report, not to mention whether it is overdue, and it is not negotiable to directly enter the credit report. It has formed a credit stain, and it will be very troublesome to borrow money or apply for a credit card in the future.

3. Encounter various collections.

Although micro-loans are not as violent as usury, people also have their own collection methods, and it is inevitable to make a phone call.

4. The sued court

If you just don't pay back the money, the amount reached and the overdue time are long, the micro-loan will sue you in court, and then you will be repaid, so don't say how much you want to pay back, and leave the case behind.