What will happen to online loans?

Whether it is borrowed from the bank or the money from the online loan platform, if there is a phenomenon of overdue repayment, it will be much more difficult to apply for a credit card or loan in the future. At this stage, there is a system of interconnection and encryption between the online loan platform and the central bank, and there will also be a shared "blacklist" system in the online loan platform, which can check your credit in minutes.

In order to urge the borrower to actively repay the loan, once the borrower fails to repay the money within the time limit, he will frequently receive reminders**, text messages, and repeatedly refuse to actively repay the money, then the creditor may pay attention to his family. If it is not a joint family debt, in fact, this loan has nothing to do with other family members, and the other party cannot be harassed by text messages or **, and if you encounter this kind of network harassment in practice, you can choose to actively report to the police.

In fact, if the borrower fails to repay the money within the time limit, regardless of whether his family needs to bear joint and several liability, as long as the other party harasses him by text message, **, etc., which seriously affects his normal life, then it is recommended to actively report to the police.

However, it is important to pay off the arrears as soon as possible after the online loan is overdue, because the interest rate of many online loans is relatively high, and once overdue, it may incur high overdue fees. Moreover, some online loan products are on credit or cooperate with Sesame Credit, so overdue will affect personal credit. Therefore, after the overdue date, those who have the ability to repay should repay the loan as soon as possible to avoid affecting personal credit or incurring high penalty interest.

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.

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.

The consequences of not repaying the online loan can be great.

The online loan platform will have its own collection process, taking Soyi Loan as an example, it will first collect through SMS and manual methods, and if it still does not repay, it will take judicial measures. At the meeting, the credit blacklist will affect all bank-related businesses in the future. Serious prosecution may result in administrative detention.

People on the list of dishonesty can't go abroad, can't take planes and trains, can't buy high-speed rail tickets, can't buy houses with mortgages, and their children will be affected to choose schools, etc., so I advise you to repay the loan on time.

1. Credit investigation is affected, and now many online loans, although they can't say credit when they take out loans, but when they can't repay the loans, they will produce negative credit, which is to be on the credit information. However, in this case, it is generally only for formal online loan platforms, and some informal and private platforms will not be able to report credit. If you fail to repay the credit report within the time limit, you need to repay the remaining loan, otherwise there will be a record on the credit report, and the credit business will be greatly affected in the future.

2. Be "gentle" collected! When the borrower fails to repay, but the amount is not particularly high, the platform itself is in compliance with relevant national laws and regulations, and will take some more "gentle" collection methods, such as calling yourself or your family from time to time, although it will not add up bad words, but it is also very annoying!

3. Bear legal responsibility, for compliant online lending platforms, the terms in the contract, especially the borrowing interest rate and related fees, are strictly in accordance with the relevant national laws and regulations, and such online lending platforms are protected by law. If the borrower is overdue for a long time and the amount is large, the online loan platform will go through the relevant legal process, and the borrower will be saddled with a lawsuit, not only to repay the money, but also to bear some legal responsibilities! This kind of online loan still has to be repaid!

4. "Violent collection", some people accidentally fall into or deliberately find that kind of non-compliant online loan platform! If you don't repay the borrowed money, of course the online loan platform will not "throw yourself into the net" and call the police, isn't this a thief shouting to catch a thief? But can the borrower "run away"?

It won't! Such non-compliant online lending platforms will take some violent collection methods!

**Collection, serious beating**, threats and intimidation to family and friends, informality, not to return is the trouble point.

If people do not have credit, it is difficult to stand up in the society, especially businessmen, who can better appreciate the importance of integrity. Whether it's a partner or yourself, no one will cooperate with people who are not honest. In addition, now is the era of big data, and credit investigation has also attracted much attention.

Many people have had the experience of online loans, and when I went home for the Chinese New Year this year, I found that there were so many cases around me, because online loans led to door-to-door debt collection, which affected the family and made the family unpeaceful. It is recommended that you do not touch online loans. So what about online loans?

1. Facing penalty interest and liquidated damages.

If the online loan is overdue, the platform will charge a certain high penalty interest if it is legal. Usually the calculation of overdue penalty interest is: overdue principal * overdue days * daily interest rate*.

Some platforms will charge us additional liquidated damages on top of the penalty interest, which will add up to make the borrower more pressured to repay.

2. The address book is constantly online, and the platform collects it daily.

As long as there is a loan record online, the relevant lending platform will have its own collection department. From time to time, they will send text messages to borrowers and call ** reminders, which will affect work and life when they are strict and round, and at worst, it will affect the family happiness index.

3. Personal credit data is adversely affected.

In recent years, there have also been some originally more reliable lending platforms that have not been on credit reporting, and now they have begun to slowly increase credit reporting, as long as they are overdue, they will affect credit reporting, and they will also record dishonesty files. A series of personal financial business activities in the future were restricted. Many times we need financial business to respond to emergencies, but there is no way, and it is difficult to pay attention to credit information.

4. Sued by the platform.

If the borrowed money is not repaid and maliciously defaults, it is likely that the court will be taken to court and the assets may be seized.

If the online loan is not covered by the high overdue fee, if the credit loan is overdue, the lending institution will first collect and remind the lender to repay the loan in time. At the same time, the interest rate will rise to a daily penalty rate. If the debtor does not repay the loan for a long time, it may also face civil litigation from the lending institution.

Lenders should actively negotiate with the lending institution to repay the loan as soon as possible. According to the relevant laws and regulations of China, debts should be paid off in a timely manner. If the debtor is temporarily unable to pay off the debt, the debtor may repay the debt in installments with the consent of the creditor or the ruling of the people's court.

If there is the ability to repay the debt but refuses to do so, the local people's court shall make a judgment to compel the repayment.

Extended Information: How to repay online loans?

1. One-time repayment of principal and interest.

This method of one-time payment, I believe that Dasheng Changjia is relatively clear, that is, after the investment expires, the principal and interest will be repaid in a lump sum.

Advantages: The one-time repayment of principal and interest is the most straightforward, the operation is simple and clear, and the income is relatively better than the equal principal and interest.

Disadvantages: Long-term borrowing is slightly riskier.

2. Eagle heart quick check repayment.

Find out what you owe through Eagle Heart Quick Check and click Pay Now.

Advantages: Repayment is convenient, simple to operate, and fast to repay.

Disadvantages: The principal amount is large, and the borrowing risk is slightly higher.

3. Interest before principal.

How to repay the online loan? It is generally suitable for short- and medium-term loans from half a year to one year.

Advantages: Compared with the one-time repayment of principal and interest, the risk of interest first and principal later is slightly lower, the calculation of income is direct and convenient, and there is a small amount of interest for "reinvestment" every month.

Disadvantages: Compared with the method of equal principal and interest, the risk is still high, the platform may not be able to track and control the risk in time, and the borrower has huge pressure to repay the last installment, resulting in a significant increase in the probability of overdue bad debts.

4. Equal principal and interest.

Equal principal is similar to equal principal and interest, that is, the loan principal is divided by the number of installments, and in addition to the fixed principal repaid every month, the principal interest paid will decrease with the decrease of the principal.

Advantages: Investors have a fixed monthly payment, which can reduce the pressure on borrowers, and the risk of investors is relatively small.

Disadvantages: The interest on the monthly payment will get lower and lower as the principal decreases.

5. Equal principal.

The total interest expense is lower, but the principal and interest paid upfront are higher, and the repayment burden decreases month by month.

Advantages: There will be a fixed payment every month to meet the liquidity requirements.

In recent years, with the development of Internet finance, online lending has become a popular way to borrow. However, behind this, there are also some criminals who use online lending platforms to illegally raise funds. If the borrower fails to repay the non-performing online loan, he may face the following consequences:

1.Legal liability: According to the Contract Law and Criminal Law of the People's Republic of China, failure to perform the repayment obligation in accordance with the contract will constitute a breach of contract and need to bear the corresponding legal liability.

At the same time, if the borrower's bad online lending behavior involves fraud, fraudulent loans and other illegal acts, it may be suspected of committing a crime and will be subject to criminal penalties.

2.Credit history is affected: Bad online loans will not have an impact on an individual's credit history.

If he fails to repay the loan for a long time, he will be added to the "blacklist", and his credit history will be damaged, which will affect various financial transactions in his daily life, such as applying for credit cards and loans.

3.Collection actions: If the borrower does not repay, the lending company or third-party collection agency will take a series of collection actions, including the world**, SMS, email and other ways to collect.

If the borrower still does not meet the repayment obligations, they may face risks such as legal action or asset freezing.

4.Increasing overdue debt: Non-repayment of non-performing online loans will lead to a gradual increase in debt, including principal, interest, and late fees. If you do not repay the loan for a long time, the overdue amount may exceed the principal several times, bringing greater financial pressure to your personal life.

In summary, non-repayment of non-performing online loans can lead to a number of consequences, including legal liability, damaged credit history, collection actions, and increased debt overdue. Therefore, before borrowing, you should carefully consider your repayment ability and choose a formal and legal lending platform to avoid the risk of bad online loans. If there is a difficulty in repayment, you should take the initiative to communicate with the lending company in a timely manner and negotiate a repayment plan to reduce the risks and losses caused by non-repayment of non-performing online loans.