When the micro-loan expires, will the phone left by the bank receive a text message?

Under normal circumstances, the borrower should receive the repayment reminder himself, and sometimes others will receive his loan SMS reminder.

Only by reserving the correct mobile phone number can we receive the bank information accurately and call the contacts in the address book. In principle, there is no grace period for micro-loans, so users will be collected by the platform if they have not paid back after the repayment date. From the feedback of users, basically, the contact person will be called within 3 days during the transit period, so it is better to deal with it as soon as possible.

If it has not been paid back, the platform may also outsource the debt to a third party, which may be more intense than the platform's collection efforts and standardized third-party collection. Moreover, micro-credit is the product of credit reporting, which will leave a stain record on credit reporting. If the user only fails to repay the loan on the repayment date, he can make it up at 24:00 the next day, and the platform is still recognized. Not counting at this time, it is regarded as a transition period, and no penalty is charged. In other words, although the platform does not indicate that there is a grace period for microfinance, from the perspective of repayment, the next day's 2400 is also ok, and users must seize the last chance.