How to deal with the compulsory repayment of small loans?

When the micro-loan is forced to make a payment, you can contact the platform to refund the money and save the relevant evidence. If you can't get a refund, you can complain to the regulatory authorities. It should be noted that formal lending platforms will not be forced to make the next payment, but usually informal lending platforms will appear. In order to avoid this situation, users should choose a formal way to apply for loans.

Users should pay attention to the interest charged by the platform when handling loans. If you charge more interest, it will increase the cost of subsequent repayment, which is prone to overdue repayment. In addition, users can compare different platforms when borrowing money, and then choose the platform with low loan interest rate to handle loans.

Users need to submit personal valid identity information, bank card, mobile phone number, proof of income, etc. When borrowing money online. Different platforms give different credit lines, and users can apply for loans within the specified credit line. It is worth mentioning that the credit line will change according to the user's usage.

It should be noted that the loans that users handle online must be returned on time, and there can be no overdue repayment, because there will be penalty interest after overdue repayment. The longer the time, the more penalty interest. At the same time, the overdue of the formal platform will be uploaded to the credit information center, and the deterioration of personal credit information will affect the subsequent handling of various loans.

Version information: Take Microfinance 1.0 version, Apple13 (IOS15.4.1system) and Huawei mate40(HarmonyOS2 system) as examples.