If there is, I'll call you to rush you. If you don't pay back the money, I may sue you. If there is a mortgage, I will auction it with your mortgage.
If the amount is not large, I may just call you and often urge you or something.
Extended answer:
Paipai Loan was established in June 2007. The full name of the company is "Shanghai Paipai Loan Financial Information Service Co., Ltd." and its headquarters is located in Shanghai. It is the first pure credit and unsecured peer-to-peer lending platform in China, and the first Internet finance (ITFIN) platform approved by the industrial and commercial departments to obtain the qualification of "financial information service".
In addition to ordinary investment projects, it also provides users with two wealth management products, Pat Joker and Rainbow Plan, which are convenient for users to use. More than 2,600 employees.
By the end of 20 16, the number of registered users reached 326 1000, making it one of the largest online credit lending platforms in China. Compared with other online credit platforms in China, the biggest feature of the auction loan is the pure online mode operation. The platform itself does not participate in lending, but realizes functions such as information matching, tool support and service. The borrower's loan interest rate is set by himself under the limit of the highest interest rate. This is also the most primitive operation mode of online lending platform.
Interest:
Interest refers to the reward that the lender gets from the borrower for borrowing money. On the loan auction platform, the interest is formed by the borrower in the form of parity, and the maximum annual interest rate that can be set is 4 times of the benchmark interest rate of the People's Bank of China. For the interest problem of prepaid users:
For some prepayment, the interest will be calculated as usual, and there will be no reduction in interest.
Repay in full in advance in one lump sum, and calculate the interest according to the number of days actually occupied by the funds.
Bad debt reserve: bad debt reserve for auction loans refers to the full withdrawal of unpaid principal overdue for more than 90 days.