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Hungry, will you call the emergency contact if you borrow money?
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Overdue loans will not only send text messages or phone calls to contacts, but also produce bad credit records. Once in loans overdue, the bank will report your overdue records to the central bank's credit information system. Once the record is generated, your personal credit report will be defiled.
This little stain will form a great resistance to your future loan and credit card application. Borrowers can't lose big because of small. Overdue repayment of loans will generate additional costs. When signing a loan contract, loans overdue will generally make some provisions, and overdue loans will generally generate penalty interest. The amount of penalty interest and interest is different in different financial institutions, but as an expense that should not be spent, it is better not to generate it.
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