Contacting a third party overdue means that after the user's loan is overdue, the lending institution will call the contact person's phone number for collection.
Since the contacts are usually the users’ relatives and friends, the user’s loan overdue may cause them to receive collection calls, which will affect their daily life.
As long as the user repays each installment of the debt on time, the lending institution will not call the contact person for collection.
And when the loan is overdue, the lending institution will give priority to calling the borrower's phone number for collection. Only if the phone number cannot be reached or the person refuses to answer the call, the contact person will be called.
If your online loan is overdue, you can get a big data report from "Changbai Data" to find out your overdue records and classify your online loans into formal and irregular ones. Those who are on credit bureau and those who are not. If you want to repay the money but don't have enough funds, then negotiate with the online loan platform to give priority to repaying the loan that has a regular credit report to reduce the impact on you.
Extended information:
How can I borrow money if I am seriously overdue?
If there is a serious overdue situation at present, if you want to borrow money, you can only do the following.
1. Quickly find a way to pay off overdue debts, then patiently repair the credit damaged by overdue payments, and accumulate a good record.
When the newly accumulated good records gradually cover up the overdue bad records, your personal credit will be restored and you should be able to borrow money normally.
2. You can borrow money from relatives and friends around you.
When you have enough funds on hand, you can return it to the other party at that time.
At least you don’t need to charge interest if you borrow money from relatives and friends, and it is easier to negotiate the repayment time.
Everyone needs to note that it will be difficult to successfully borrow money in the short term before your credit is improved.
Although some loan platforms have low application thresholds and may provide an ID number or mobile phone number, and you can make a payment directly without review, most of them are not formal, so it is not recommended to apply.
3. If the online loan is seriously overdue, and only big data is recorded, and the credit report is not affected, then as long as the credit report is good, you can try to borrow from a bank or other licensed financial institution, because The main thing to check during approval is credit, which has little to do with big data.