In the world of online funding, there are various policies and rules for applying for funding, leaving many users confused and curious. Recently, a piece of news sparked a heated discussion on the Internet: it is said that "the borrowing is comprehensively reformed, and as long as the user is overdue, the remaining loans will be fully recovered". What's going on here? Let's dive in.
We need to be clear about the concept of "overdue". The so-called overdue refers to the borrower's failure to repay the loan according to the agreed time, which is simply "procrastination". In the financial sector, overdue is a serious problem, which not only affects an individual's credit history, but can also bring additional penalty interest and even legal action.
But many netizens said that it doesn't matter if it's closed, anyway, the amount given is not high, and now many people are using the gold on WeChatCow flowersCome instead of borrowing Huabei, the amount given is high and convenient, if you have a small partner who knows or has already opened it, leave it for comment, let everyone open it.
If it is really as rumored that once the user is overdue, the borrower will recover the remaining loan, is such a policy reasonable? Let's break it down.
From the perspective of risk control, it is necessary for financial institutions to manage overdue and is also a means to protect their own interests. If a user has already defaulted, then his credit profile may have been compromised, and the risk of continuing to borrow naturally increases. Therefore, the recovery of the remaining borrowing can be seen as a risk prevention measure.
But from a user experience perspective, such a policy can seem too restrictive. If the remaining loan is directly recovered at this time, it will undoubtedly increase the burden on the user and may even lead to the user's financial situation.
Has Borrower really taken such strict measures? Actually, the answer to this question is not absolute. Different financial institutions have different risk management strategies, and as a consumer application fund product under Alibaba Group, the policy of borrowing is constantly being adjusted and improved.
The borrower will also evaluate the user's credit status based on the user's credit history and historical repayment performance, so as to decide whether to grant the application funds and the amount of the applied funds. This is also the reason why some users may find that their borrowing limit suddenly drops, or that their borrowing application is rejected.
Here, we would like to remind everyone that the use of any financial product should be based on rational consumption. Borrowing is not a bottomless pit, and every loan implies future repayment obligations. Therefore, while we enjoy the convenience brought by borrowing, we must also learn to arrange our financial situation reasonably and avoid unnecessary financial pressure.