Will Meitu Xiuxiu contact her family if her loan is one day overdue?

No. Meitu Xiuxiu will not contact your family if your loan is one day overdue, but will give you a slight reminder to repay the loan.

Extended information:

The consequences of overdue borrowing:

1. Incurring penalty interest and becoming a debt slave

No matter what loan you are taking When the platform borrows money, once the borrower becomes overdue, the platform will notify the borrower of timely repayment as soon as possible, and calculate penalty interest according to corresponding standards. Some platforms will also charge additional liquidated damages, overdue management fees, etc.

2. The borrower, relatives and friends were violently collected

There are three stages of collection on the loan platform: if it is only a few days overdue, the platform customer service will give a warm reminder and inform you of the consequences of overdue. Suggestions Repay the debt on time; if the overdue period is long, the platform customer service will give a serious warning and use threats to deter the debt; if the overdue period exceeds the tolerance of the platform, "violent" collection will be started or outsourcing to a professional debt collection company for collection. Common collection methods include text message collection, phone collection, and door-to-door collection. In addition to borrowers and their families facing collection, relatives and friends are not immune. Anyone in their address book will be harassed by various collection text messages and phone calls. If Those who are close to you may also be asked to collect money at your door.

3. Overdue records are generated and blacklisted

Platforms that are connected to the central bank’s credit reporting system will directly report these overdue records, and the borrower’s credit report will include them. Overdue records will be generated. Platforms that are not connected to the central bank's credit reporting system also have a blacklist system that is shared between platforms. If a loan is maliciously overdue on one platform, you will not be able to borrow money on other platforms. Even if you can borrow money, it will be an informal platform with very high interest rates. If you borrow money from a formal loan platform and overdue it maliciously, once you are included in the credit blacklist, you will not only be unable to apply for a loan, but may also be restricted from leaving the country and unable to use high-speed rail, airplanes and other means of transportation.

4. Be sued and bear legal responsibility

Some people think that being collected is a trivial matter, as long as they change their contact information and their relatives and friends say they do not know them. In fact, if someone borrows money from a loan platform maliciously and overdues it, the platform can also take legal measures to protect their rights. If the court rules in favor of the lending platform, the borrower may not only have to pay principal and interest, both parties’ litigation costs and fines, but may also face jail time.