What will happen to microfinance?

Small loans cannot be used for credit reports. If they are overdue, call to collect them.

First of all, you need to know whether personal loans are for credit. If so, then personal overdue will not affect your credit.

If it is not clear for a while, you may be sued (depending on your amount) and there will be a collection.

This may seriously affect your personal daily life and your reputation.

Extended data

Basic rule

1. Loan target: China citizens aged 20 to 60 with full civil capacity.

2. Loan term: 48 installments at most.

3. Guarantee method: unsecured and unsecured credit loan 4. Application materials to be provided:

(1) Original and photocopy of the borrower's valid identity certificate;

(2) local permanent residence or valid residence identity certificate

(3) The borrower's loan repayment ability certificate. Such as the income certificate issued by the borrower's unit (4) the borrower's real estate license and driving license (not necessary, the loan amount can be increased)

(5) Borrower's credit report (which can prove personal credit)

(6) The salary card is flowing (nearly 6 months)

(7) Loan repayment records in the last 3 months (if any)

(8) The expenses of water, electricity and gas in the last three months can prove the address.

Microfinance was established in April of 20 15, with a registered capital of1000000 yuan. It is an information intermediary service platform of Shanghai Zhongxin Financial Group (established on June 20 1 1), focusing on internet finance business. It is also an internet financial platform with the legal qualification of "financial information service" approved by the industrial and commercial department, and has formally signed a fund depository agreement with Shanghai Bank, achieving operational compliance.