What should I do if I have money to spend and can t afford to pay it back?

At present, you cannot postpone the repayment if you have money to spend, please refer to the bill and repay the loan on time. If there is overdue, a penalty interest of 150% of the agreed interest rate will be charged on the overdue amount every day, and the credit report will be reported in strict accordance with the requirements of the People's Bank of China. If the credit investigation record is overdue due to your own problems and non-repayment, you cannot revoke the credit record.

Users who have been overdue for a long time cannot continue to borrow, and need to pay off all IOUs before continuing to try to borrow. If it is overdue, your limit may be reduced or cancelled. It is recommended that you repay the loan on time to avoid overdue damage to your personal credit.

In addition, maintaining a good borrowing history will help you pass the loan review smoothly and may be able to obtain a higher limit in the future.

If the customer is overdue, there should be no prosecution if there is money to spend. Although the loan platform generally has the right to sue if it is overdue for more than three months, after all, litigation requires a lot of material and financial resources, so most loan platforms will not sue easily.

Customers only need to pay off the arrears as soon as possible, and then repair the credit information. If the customer continues to overdue, incurring more and more penalty interest, ignoring the dunning**, and not being able to contact anyone with money to spend, it is likely to file a lawsuit with the court. At that time, after the court judgment, if the customer does not repay the loan, it is likely that the court will be included in the list of judgment defaulters.

Therefore, it is recommended that customers quickly find a way to raise money, and if they have the ability to repay the debt, they should not avoid not repaying it if they can't pay it off for a while, and they can take the initiative to contact the customer service of the money spending platform to negotiate and try to apply for an extension. Of course, it is best to develop a good habit of repaying on time and try to avoid overdue.

The data comes from the nationwide online loan platform and UnionPay, users can query their own big data and credit status, can obtain various index data, query their personal credit status, blacklist situation, online loan application records, application platform type, online loan credit line estimate and other important data information.

Therefore, when using a loan or credit card, you must repay it on time, and don't easily overdue, otherwise if you are overdue on the credit report, there will be a credit stain, and it will take five years to be able to "wash white" after paying off the arrears, and if you don't repay all the time, the credit stain will follow you for a lifetime.

It's better to find a way to borrow money and repay it on time! High interest rates.

1. If the money is overdue and cannot be repaid, the following measures should be taken immediately:

Contact the customer service of Youqian as soon as possible to explain the situation and seek repayment negotiation;

Understand the specific consequences of overdue and liability for breach of contract, and be prepared to bear the corresponding penalties or costs;

Make a detailed repayment plan, arrange funds reasonably, and try to repay on time;

If you are unable to repay the loan, you can consult a professional or legal aid agency for a solution.

2. Failure to overstay will also lead to the following possible consequences:

Affect personal credit history, lower credit ratings, and adversely affect future loans, credit cards, etc.;

If you have money, you may take collection measures, such as **, SMS collection, or even entrust a special collection agency;

In severe cases, they may face legal action, further increasing the financial burden;

Overdue records may be reported to credit bureaus, causing long-term adverse effects on an individual's credit history.

3. Summary: If you have money that is overdue and cannot be repaid, you should contact customer service in time, make a repayment plan, and consult a professional for help. Failure to do so will also affect your credit history and may result in collection and legal action.

Extended Information: The impact of late payments on an individual's credit history is long-term, so it is important to avoid falling behind. Plan your finances reasonably and set aside repayment funds in advance to ensure that repayment on time can effectively avoid the occurrence of overdue problems.

In China, according to the Contract Law of the People's Republic of China and relevant regulations, if the borrower fails to repay the loan within the time limit, the creditor has the right to take certain collection measures, including **, SMS collection, etc. At the same time, creditors can report overdue records to credit reporting agencies, which will have a negative impact on personal credit.