The lending platform will no longer charge overdue management fees or dunning fees to overdue debtors, but only charge 5% transaction service fees to debtors who are overdue for more than 7 days, and the rate will no longer increase with the increase of overdue days. The purpose is to reduce the burden on debtors, promote repayment and indirectly benefit creditors.
Lending Bao's collection reform this time, on the one hand, gives the creditor the autonomy of collection, on the other hand, changes the related costs of collection from mainly borne by the debtor to mainly borne by the creditor. Lending treasure returns to pure information intermediary platform. This will undoubtedly further clarify the lending risks of lenders and curb lenders from lending to strangers.