Joke Collection Website - Public benefit messages - What are the consequences of micro-loan overdue for seven days?
What are the consequences of micro-loan overdue for seven days?
1. Microfinance will take certain collection measures, usually including SMS, email and other ways to remind and warn.
2. The borrower will receive a phone call from the micro-loan or its entrusted collection agency to remind them to repay the loan as soon as possible and inform them of the details of overdue fees.
3. The borrower will face high overdue fees, including late fees and overdue interest.
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