Can I still borrow a flash loan if it is one day overdue?

The possibility of being able to borrow a flash loan one day overdue is relatively small. Therefore, in order to be able to borrow smoothly next time, users must repay on time when using flash loans and never become overdue. If the flash loan is overdue for one day, you will receive a collection text message, and the user needs to repay the loan in time.

When a Lightning loan is overdue for many days, Lightning customer service will communicate by phone to understand the reason for the overdue loan. If the reason can be explained and the loan is repaid in a timely manner, it will generally not have any impact. If the borrower doesn't care about overdue payments, customer service will call for a long time to collect.

Users who use flash loans will be subject to a credit report after overdue. A bad personal credit report will affect future loans. Overdue lightning loans will generate penalty interest, and the longer the overdue period, the more penalty interest will be generated. Therefore, in order to avoid increasing the burden of later repayment, users must repay in time.

In fact, users must think about how to repay when using flash loans. If there is no suitable repayment method in the future, users should borrow carefully. If the loan amount is not very large, you can consider borrowing from friends around you to alleviate the financial crisis, and then pay it back to the friends in a timely manner.