Micro-loans are seriously overdue, warning to send people to negotiate repayment.

If you are in loans overdue, there is no problem for financial institutions to choose home-based collection after repeated phone calls. However, if you don't want the other party to negotiate repayment at home, you can take the initiative to call and ask not to come to the door, and take the initiative to negotiate a specific repayment plan with the other party.

If you don't negotiate repayment, or if you promise not to perform it on time after repayment, the other party may still choose to negotiate at home. In fact, these are only secondary. Door-to-door collection is the same as telephone collection. Their ultimate goal is to ask you to repay.

Of course, the door-to-door collection may just give you pressure, not really come to the door, just want you to pay it back quickly. None of this matters. It is important that overdue arrears should be dealt with as soon as possible. If the credit can't be repaid immediately, it will be very unfavorable for you if the subsequent financial institutions sue the court. The impact on yourself is still great.

Usually, overdue microfinance will have the following consequences:

1. High penalty interest: after a small amount of loans overdue, in addition to the normal interest, high overdue interest is required, and a penalty interest of 50% of the agreed interest rate is charged for the overdue principal amount every day until it is paid off. Default interest for overdue = overdue principal x daily interest rate x50%x overdue days.

2. Write it in the credit report: the micro-loan will collect credit information. If it is overdue, it will affect personal credit information and form certain resistance to the borrower's future loan application and credit card application.

Credit card overdue can not be paid off in one lump sum. What is the most scientific?

The first kind of people, after surviving this year, will find liquidated damages and interest soaring. The most contact all year round is the collection, and even the work can't be devoted. The second kind of person, although the credit information is still overdue, has started to repay by installments, the liquidated damages have stopped and the collection has disappeared. A year has passed, and half a year has passed. Although you can't pay off all your debts, don't let go as long as you have certain ability. Things have to be solved and life has to go on.