What should I do if I owe more than 40,000 yuan in online loans and can t afford to pay it back

1. Put down the seeds.

After the online loan is overdue, the reason why the borrower does not dare to let the family know is because he is afraid that the family will blame him, and at the same time, he is afraid that his relatives and friends will know that he will not be able to save face. In fact, it has reached this point where the mountains and rivers are exhausted, what can you take into account that you don't have to face? Put down your face first, put it on the ground and rub it, and tell yourself that now that you have no face, you must confess.

2. Find out why.

Find out why you are borrowing so many online loans? Why did you find yourself in such a situation? What did you do with all this money?

If you take all this money and squander it somewhere else, slap yourself hard and tell yourself never to do such a stupid thing again. If the money is used to do business and the turnover of funds is lost, at least it means that you are still a self-motivated person, summarize the reasons for the failure of the business, and start all over again.

3. Prepare for the worst.

What would be the worst outcome after you confessed? How do you deal with it? As parents, there will be a calf protection psychology, they are afraid of the child frightened, often borrow money to help the child pay off the online loan, if you meet such parents, it is a blessing from eight lifetimes, remember to go ashore, never touch the online loan again, even if there is no money to sleep on the street, you must not touch.

If your parents have a bad temper and beat you up and scold you, don't think about it, at least let your parents be mentally prepared when they face harassment by collectors, at least they won't be so angry that they fall over.

4. You have to rely on yourself when you go ashore.

Confessing is just to make yourself feel more relaxed, and if you want to go ashore, you have to rely on yourself. Calm down and analyze, get a credit report on the innocent data and the like, and find out which online loans you currently owe? Which ones are on the credit report?

Which ones are not on the credit report? What can be delayed, slowed down? What is outside the statutory interest rate?

Do it in your heart, discuss the online loan of the money that is on the credit investigation and are eager to repay the money, and see if you can repay the loan in installments? Calculate how much you're going to pay back each month and work hard to make money! There is only one goal every month, and that is to pay back the monthly payment, stick to it for a year or two, and you will successfully go ashore.

Hello, overdue will not have a greater impact on personal credit problems, and the untrustworthy behavior will be recorded in your personal information file, which will have an impact on a series of personal financial business activities such as your loan in the future, and it is recommended that you repay the loan on time. If you are in urgent need of cash flow, it is recommended to use Money to spend.

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I hope this is helpful to you, click below on the mobile phone to measure the amount immediately, and the maximum amount you can borrow is 200,000.

Legal Analysis: Loans can be repaid in installments. After the debtor owes the debt, it needs to fulfill the repayment obligation in accordance with the loan contract. If you really can't repay the loan, you can directly negotiate with the creditor to repay the loan, and strive to repay the loan by reducing Qichang's low interest or paying in installments.

Legal basis: Article 680 of the Civil Code of the People's Republic of China prohibits usurious lending, and the interest rate of the loan shall not violate the relevant provisions of the state.

If there is no agreement on the payment of interest in the loan contract, it shall be deemed to have no interest.

If the loan contract is not clear about the payment of interest, and the parties cannot reach a supplementary agreement, the interest shall be determined in accordance with factors such as the local area or the parties' transaction methods, trading habits, and market interest ratesWhere natural persons borrow money between them, it is deemed to have no interest.

Legal Analysis: Loans can be repaid in installments. After the debtor owes the debt, it needs to fulfill the repayment obligation in accordance with the loan contract. If you really can't afford to repay, you can directly negotiate with the creditor about repayment, and strive to reduce the interest or repay the loan in installments.

Legal basis: Article 680 of the Civil Code of the People's Republic of China prohibits usurious lending, and the interest rate of the loan shall not violate the relevant provisions of the state.

If there is no agreement on the payment of interest in the loan contract, it shall be deemed to have no interest.

If the loan contract is not clear about the payment of interest, and the parties cannot reach a supplementary agreement, the interest shall be determined in accordance with factors such as the local area or the parties' transaction methods, trading habits, and market interest ratesWhere natural persons borrow money between themselves, it is deemed to have no interest.

If the online loan of 40,000 yuan is not repaid, if it is a joint debt of the husband and wife, Ran Min shall be repaid jointly by the husband and wife. If the joint property is insufficient to be paid off or the property is owned by each other, the two parties shall settle it by agreement;If an agreement is not reached, the people's court may make a judgment.

1. Is the joint debt of husband and wife jointly and severally liable unlimited?

The joint debts of the husband and wife are generally jointly and severally liable. If it is determined to be a joint debt of the husband and wife, it shall be borne jointly by the husband and wife, and the joint debt of the husband and wife shall be borne in such a way that the joint property shall first be repaid;If the joint property is insufficient to be paid off or the property is owned by each other, the two parties shall settle it by agreement;If the agreement is not reached, the people's court shall make a judgment. Slippery paragraph reading.

2. Is the joint debt of husband and wife an unlimited joint and several liability?

Joint debts of husband and wife are jointly and severally liable. If it is determined to be a joint debt of the husband and wife, it shall be borne jointly by the husband and wife, and the joint debt of the husband and wife shall be borne in such a way that the joint property shall first be repaid;If the joint property is insufficient to be paid off or the property is owned by each other, the two parties shall settle it by agreement;If the agreement is not reached, the people's court shall make a judgment.

3. How will the court decide if there is a debt dispute in the first lawsuit for divorce?

If there is a dispute over creditor's rights in the first divorce, the court will make a judgment that both husband and wife should jointly repay the debt, or make a judgment to repay the joint property of the husband and wife.

According to the Civil Code, in the event of divorce, the joint debts of the husband and wife shall be repaid jointly. Where the joint property is insufficient to be repaid or the property is owned by each other, the two parties may first agree to settle the off; If an agreement is not reached, the people's court shall make a judgment in accordance with law.

Article 1089 of the Civil Code of the People's Republic of China, which came into effect in 2021, stipulates that in the event of divorce, the joint debts of the husband and wife shall be repaid jointly. If the joint property is insufficient to be paid off or the property is owned by each other, the two parties shall settle it by agreement;If the agreement is not reached, the people's court shall make a judgment.

Article 675 of the Civil Code of the People's Republic of China.

The borrower shall return the loan within the agreed time limit. Where there is no agreement on the term of the loan or the agreement is not clear, and it is still uncertain in accordance with the provisions of Article 510 of this Law, the borrower may return it at any time; The lender may demand the borrower to return it within a reasonable period of time.

Article 676.

If the borrower fails to repay the loan within the agreed time limit, it shall pay the overdue credit hardship interest in accordance with the agreement or the relevant provisions of the state.

Article 1089.

In the event of divorce, the joint debts of the husband and wife shall be repaid jointly. If the joint property is insufficient to be paid off or the property is owned by each other, the two parties shall settle it by agreement;If the agreement is not reached, the people's court shall make a judgment.

Legal analysis: If the online loan of 40,000 yuan is not enough, the creditor can sue the court to force the debtor to pay off the debt in a legal way. If the debtor cannot repay the loan, he can negotiate with the online loan platform to repay the arrears in installments, and if he does not repay the loan all the time, he will incur high overdue interest.

Legal basis: Article 676 of the Civil Code of the People's Republic of China If the borrower fails to return the loan within the agreed time limit, it shall pay overdue interest in accordance with the agreement or relevant provisions of the state.

Repay the loan in installments.

According to Article 108 of the General Principles of the Civil Law of the People's Republic of China, debts shall be repaid. If it is temporarily unable to repay, the debtor may repay it in installments with the consent of the creditor or the ruling of the people's court. and where they have the ability to repay and refuse to repay, the people's court is to make a judgment to compel repayment.

According to Article 84 of the General Principles of the Civil Law of the People's Republic of China, a debt is a specific relationship of rights and obligations between the parties in accordance with the provisions of the contract or the provisions of the law, and the person who enjoys the rights is the creditor and the person who bears the obligations is the debtor.

The creditor has the right to require the debtor to perform its obligations in accordance with the contract or in accordance with the provisions of the law.

Legal analysis: If there is really no ability to repay, it should negotiate with the lending institution to extend the repayment period or repay the loan in installments. If the lending institution fails to comply with the court judgment within the performance period after the lawsuit is won by the court, it will apply to the court for enforcement.

When the court accepts the enforcement, it will inquire about the real estate, vehicles, ** and deposits in the name of the lender in accordance with the law.

Legal basis: Article 671 of the Civil Code of the People's Republic of China If the lender fails to provide the loan on the agreed date and amount, causing losses to the borrower, it shall compensate for the losses.

If the borrower fails to collect the loan on the agreed date and amount, it shall pay interest on the agreed date and amount.