If the loan is overdue and repeated phone calls fail, there is no problem for financial institutions to choose home collection. 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 actively negotiate a specific repayment plan with the other party.

if you don't negotiate repayment, or if you don't fulfill the contract on time after promising repayment, the other party may still choose to negotiate at home. In fact, these are only secondary. Home collection is the same as telephone collection, and their ultimate goal is to hope that you will repay.

When Hongtan Qiaoran comes to the door to collect money, it may just put pressure on you, but it won't really come to the door, just want you to pay back quickly. These are not important. What is important is that the arrears need to be handled as soon as possible if they are overdue. If the credit information cannot be repaid immediately, it will be very bad for you if the subsequent financial institutions sue the court. The impact on themselves is still very great.

Under normal circumstances, the overdue micro-loan will have the following consequences:

1. High penalty interest: After the micro-loan is overdue, in addition to normal interest, high overdue interest will be paid, and a penalty interest of 5% of the agreed interest rate will be charged for the overdue principal amount every day until it is paid off. Default interest for overdue = overdue principal x daily interest rate x5%x overdue days.

2. enter it into the credit report: credit information will be collected at the micro-loan meeting, 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.

How can it be the most scientific if the credit card can't be paid off in one lump sum?

The first kind of people, after this year, will find that the liquidated damages and interest have soared, and the people who contact most all year round are the collection, and they can't even devote themselves to cherry blossom service. The second kind of person, although the credit investigation is still overdue, has begun to repay by installments, the liquidated damages have stopped, and the collection has disappeared. One year has passed and a half has been paid back. Although you can't pay off all your debts, as long as you have certain ability, don't let it go. Things have to be solved, and life has to go on.