Do you like spending money on credit reports?

Enjoy a wallet loan and you won't get credit information. If it is overdue, it may seriously obtain credit information, which will have the following consequences: 1, resulting in a high penalty interest. The threshold of online lending is generally low, but the interest is high. Once overdue, the penalty interest will double, almost several times the interest. Penalty interest, liquidated damages and late fees may make it more difficult for you to repay.

2. Telephone collection. After the online loan is overdue, you will receive a dunning call from the platform. If the repayment cannot be made in time, the platform will keep calling to remind the repayment.

3. When friends and relatives are harassed, online loans need to provide third-party contact numbers. When the borrower is unwilling to repay the loan, the platform staff will call the third-party contact person and tell friends, relatives, parents and leaders around him that the borrower borrowed money and did not repay it.