What about the loan incompatibility?

The consequences of this platform's failure to repay loans include penalty interest and late fees, personal credit, collection actions and legal proceedings.

1. Penalty interest and late payment fee: according to the loan contract of point financing, the borrower will incur penalty interest and late payment fee if it repays overdue.

2. Impact on personal credit: overdue repayment will be recorded in the borrower's personal credit report, which will affect the borrower's future loan application.

3. Faced with collection actions: Dianrong will take a series of collection actions to recover overdue loans, which will bring inconvenience and trouble to borrowers.

4. Facing legal proceedings: If the borrower fails to repay the loan for a long time and refuses to negotiate repayment with Dianrong, Dianrong will hand over the case to the Legal Department for handling, and the borrower will face the risk of legal proceedings.