Description:
1. Card Wan Li is a credit lending platform that provides fast and convenient micro-loan services. Although the loan process is simple, repayment is the obligation of the borrower.
2. Failure to repay will lead to the following problems:
-Damaged credit record: overdue repayment will be recorded in personal credit report, which will affect the success rate of loan and credit card application in the future.
-High penalty interest: overdue repayment will lead to high penalty interest, increase the burden and may lead to debt trap.
-Collection behavior: If the borrower fails to repay the loan on time, Ka Wan Li may take collection measures, such as telephone notification and SMS collection.
-Legal risks: overdue repayment may lead to legal disputes, and Card Wan Li has the right to recover the arrears through judicial channels.
3. Responsibilities and obligations:
-The borrower is obliged to repay the loan on time and abide by the terms of the contract.
-Ka Wan Li is responsible for providing clear contract information, including loan amount, interest rate, repayment method, etc.
-Both parties shall abide by relevant laws and regulations to ensure that the transaction is fair and legal.
4. Extended information:
-Measures for credit management: promulgated by the China Banking Regulatory Commission to regulate lending behavior, overdue repayment and other related matters.
-Personal credit information system: a credit information database established by the People's Bank of China to record personal credit status.
-Debt trap: refers to the situation that borrowers find it difficult to get rid of debt problems due to high interest rates and snowballing effect.