Why is overdue collection so severe in Weibo?

Weibo overdue collection will be in the form of text messages and telephone calls.

Overdue generally refers to failure to perform corresponding obligations or responsibilities beyond the agreed time, such as failure to repay within the agreed repayment period after borrowing, failure to pay taxes and fees in full before the prescribed time limit, etc. Accompanied by high interest rates and high overdue fees, there are also violent collections.

For one day in loans overdue, Weibo, customers need to pay an extra day's overdue penalty interest, resulting in personal credit damage. If the lender accesses the central bank's credit information system, it will also leave overdue bad records in the personal credit information report. Generally, the overdue records will be deleted by the system at least five years after the customer pays off the debt, which cannot be eliminated manually.