What will happen to microfinance?

The repayment must be paid back. Small loan companies will not allow themselves to generate so many bad debts and dormant accounts. If they don't repay for a long time, they will not only generate high interest; Small loan companies will also package related debts and outsource them to three parties. In this case, the situation will be changeable.

There are generally four processes for online loan collection:

1, SMS reminder: Many online lending companies start sending text messages and calling every day before the loan expires to remind them that they are about to repay. Don't forget.

2. Overdue for more than one day: call for payment every day, ranging from several to dozens a day. At this time, the attitude of overdue collection is still relatively mild, so it is good to persuade them to repay as soon as possible, otherwise it will lead to overdue fees and affect credit reporting.

3. Exploding the address book: At this stage, technical means, short messages and telephone bombardments are generally used, and borrowers or contacts in the address book are constantly called to demand repayment, otherwise they will come to court for prosecution.

4. Outsourcing to a third party: If bad debts and dormant accounts are formed later, it will be outsourced to a third-party collection company. It is said that the means are harsh, and it is best not to go this far.

It is understood that most online lending companies intensively collect online loans within 6 months. For more than half a year, it is basically difficult to overcome, and it will be packaged to a third-party collection company for negotiation.

Therefore, the vast majority of online lending companies will basically assume that the loan cannot be recovered after one year, and will generally give up collection or sue. Whether to prosecute depends on the amount of loans and the internal system of online lending companies, and cannot be generalized.

In short, when it comes to platform-related interests, no matter whether the platform adopts hard means or soft means, the platform will definitely not give up easily. The so-called debt-free, find some friends to solve the loan company's accounts first, and then continue to work hard to pay their friends back. I believe you can still land successfully.

The above is the information about small loan repayment compiled by "credit manager", I hope it will help you!