What should I do if I can t repay the loan on time, and what to do if I can t repay the loan

Apply for a postponement of repayment or further extension of the repayment period, reduction of interest rate, etc.

Users can take the initiative to call the customer service of the borrower to explain the situation, one is whether the overdue fee can be waived, and the other is whether the repayment period can be extended. If the customer service does not agree to delay or extend the repayment period, you can ask for the interest and all service fees to be reduced, re-agree with the relevant repayment plan based on the new interest rate, and promise to repay the loan.

"Borrow" is a loan service launched by Alipay, and according to the different sesame scores, users can apply for different loan amounts. The maximum repayment period of borrowing is 12 months, and the daily interest rate of the loan is to borrow and repay at any time, so now for us with or without money, we can spend whatever we want. However, if there is a situation where the amount of funds borrowed by Ant cannot be repaid, the only way to delay it and repay it as soon as possible can only be done

1. Apply for postponement of repayment or extension of repayment period. You can take the initiative to call the official customer service of the borrower to explain the situation, and then discuss whether you can reduce the overdue fee, extend the repayment period, etc.

2. Borrow money from relatives and friends, borrow from your relatives and friends, and see if you can return the money as soon as possible.

3. Credit card cash withdrawal and repayment, if the amount owed is not very large and you have a credit card, you can use the credit card cash withdrawal limit for the repayment of Ant Borrowing.

Because if the repayment is not made after the due date: it will be reported on the credit report. If you do not repay the loan for several consecutive months, the platform will upload your personal information and arrears record to the central bank's credit reporting system.

If you go through such a process, it will be very difficult for you to use the relevant borrowing system or online consumption in the future.

Being able to open a loan shows that your qualifications are very good, at least very creditworthy. If you really can't pay it yet, you will be given three suggestions: 1. Apply for a delay in repayment or extend the repayment period.

You can take the initiative to call the customer service of the borrower to explain the situation, and then discuss two things: one is whether the overdue fee can be waived, and the other is whether the repayment period can be extended. 2. Reduce interest rates.

If the customer service does not agree to delay or extend the repayment period, you can request that the interest and all service fees be reduced to less than 36% per annum, and re-agree with them based on the new interest rate, promising to repay the loan. Remember that this is key, and make sure that you keep the interest rate low and you will be repaid. 3. Temporarily suspend repayment.

If the customer service doesn't agree with the above two methods, you can only slowly save money until you pay off the debt. First of all, the most important point is that if you can't pay it yet, don't wait for the arrears to be overdue, you must give priority to discussing with customer service, in case you can find a solution, you don't have to wait for death passively. Generally speaking, looking for customer service is to discuss two things, the first is to reduce the overdue fee, because the overdue fee is generally very high, if you can't pay it off for a while, the overdue fee will be higher and higher.

The second thing is to reduce the interest rate, because the general online loan is not as low as the interest rate written on paper, if you are willing to do the math, you will find that the real interest rate of the loan with a few percent of the monthly interest rate exceeds 20%-70%. So you can spend your time worrying about calculating the interest rate, and if you exceed the legal interest rate limit of 24%, you may not have to pay back the excess interest. Under normal circumstances, the customer service will agree to reduce part of the fee in order to recover the arrears.

As long as the ant borrowing has the corresponding loan conditions, it is easier to apply for a loan, but since the ant borrowing is calculated on a daily basis, if it is not repaid, then the interest plus penalty interest will invisibly increase the pressure of repayment. So, what should I do if the ants can't borrow it?

1. Borrowing from relatives and friends to borrow from parents, relatives, and friends can make up the repayment amount of the ant loan in a short time, but the disadvantage is that everyone knows that you are unable to repay the loan after borrowing an online loan. While friends and family may not charge you interest on money they lend to you, owing money also means that you owe a favor that you may need to repay more later.

2. Credit card cash withdrawal and repayment. If the amount owed is not very large, the credit card has a cash withdrawal limit. If it is only a short-term cash flow, then after withdrawing cash from the credit card, it can be used to repay the loan.

Later, when you have sufficient funds, you will pay back the amount owed on your credit card. However, it should be noted that this method is only suitable for short-term poor capital turnover, and if it is a long-term shortage of funds, then this practice of demolishing the east wall instead of the west wall is undoubtedly even worse.

3. Raise funds to repay the loan by yourself. You can sell some of your gold jewelry, or idle items, to get a loan. In this way, the loan can be repaid on time on the repayment date, and the disadvantage is that the selling price of some items may be lower than the ** at that time**, which will cause a part of the loss.

Reminder: When applying for a loan, you must do what you can. After all, the consequences of Ant borrowing overdue repayment are more serious, and only by controlling the loan amount within a controllable range can we not encounter the dilemma of not paying back the money on the repayment date.

As a pure credit mobile phone loan under Alipay, the consequences of not being able to repay it are more serious. If you can't afford to repay the loan, you must find a way to repay the loan on time, and the user can borrow from relatives and friends around the area, negotiate repayment, or sell the property in his name to pay off the arrears in time.

Extended information: 1. If it is difficult to repay, you can take the initiative to ask Alipay customer service to request an extension of repayment, truthfully explain the difficulty of repayment, you must negotiate an extension, and submit a certificate later, and you can provide suggestions after you make a request.

Overdue handling of loans using Alipay:

1. The first is that you can negotiate consumption and borrowing, for example, if you spend 10,000 yuan and borrow 10,000 yuan, it adds up to 20,000 yuan, you can negotiate together, you can also negotiate separately, it is recommended to negotiate together.

2. Alipay currently has only one policy, which is extended by one to three years, and the longer the size and amount of the term, the longer the delay.

3. How high is the one-time repayment after renewal, and is there any interest rate?

4. What should I do if I still can't repay after the extension expires?

In this case, you should decide to return part or half, show your sincerity, and then communicate. The problem should not be too big, because the ultimate purpose of the platform is to pay back the money, and the previous communication is recorded and can be found.

5. The negotiation was successfully postponed. Both the arrears and the credit assessment show an overdue status. If housing and car loans are needed in recent years, it is not suitable for negotiation.

Second, in fact, whether it is a loan or other loans, the most important thing for them is to recover the arrears, because if the borrower is really unable to afford it in the end, even if they use judicial means to solve the problem, they will eventually reformulate the repayment plan according to the actual situation of the borrower. Therefore, on this basis, if the borrower can voluntarily and actively repay the loan, it can reduce unnecessary troubles for the platform. However, if you want to negotiate successfully, you must first prove to the platform that you have a good willingness to repay and that you really do not have enough repayment ability at present.

The willingness to repay is mainly based on past repayment behavior and the borrower's attitude after the deadline.

1. Penalty interest.

The first consequence of overdue is the financial loss faced, that is, the incurrence of penalty interest. It is understood. The penalty interest on Ant borrowing is multiple the original interest. Falling behind will only make you owe more and more money and the pressure to repay will increase.

Overdue Fee = Overdue Bill Amount (Overdue Principal plus Interest) * Interest Rate * Number of Overdue Days (Not Counting the Day).

2. Collected.

Once you start to overdue, Ant Borrowing customer service will urge you to repay, and if you don't repay the money after repeated reminders, Ant Borrowing will transfer the debt to the creditor company for processing. When the time comes, you'll be faced with more powerful collection methods.

3. Affect sesame seeds.

Sesame Credit is also very important in our lives now, once the ant loan is overdue, your existing sesame points will be deducted, and the overdue record will be uploaded to the financial database, which will seriously affect personal credit.

4. Upload credit information.

For the borrowing, the official explanation given by Alibaba said: If there is a serious overdue, the overdue record will be recorded in the central bank's credit system. In other words, if you are more overdue, it will cause a stain on your personal credit report.

If you are overdue for more than 1 month, Alipay will give you a ** call to remind you to repay.

The person who hits ** is generally a third-party collection company entrusted by Alipay, and then asks why you don't pay back? Do you live now? What kind of work are you currently doing, how much can you repay, etc., and then limit you to pay it off within 3 days, don't say it unexpectedly.

Contact your friends and family.

If you're still as safe as a mountain after receiving a collection**.

Or change the number, shut down, shut down, etc., then Alipay will contact the people in your address book, don't ask Alipay how to get your address book.

Of course, Alipay's collection team doesn't say that as soon as you come up, you will call everyone in your address book and tell everyone who knows you about the glorious deeds of not repaying your loan.

At the beginning, the collector will mainly contact your parents and ask your parents to persuade you to repay. If you still don't pay it back, after communicating with your parents many times to no avail, don't rule out the possibility of contacting someone else.

Send a dunning notice.

If you ignore the first three steps, then okay, Alipay will send you a reminder at this time, and at this step, it means that your overdue is more serious. This paves the way for subsequent legal collections.

Freezing accounts. If you still don't move after receiving the reminder notice, Alipay may freeze your ** account and Alipay account at this time, and your money can only go in, not out, so that you can't use Ali's platform, let alone borrow any Huabei.

What is the experience of Huabei borrowing overdue? Brother: The results tell you that these consequences are terrible.

Have you ever heard of Lao Lai? In this case, there is no threat to personal safety, but the reputation will be damaged! Today's lending companies are crazy about borrowing and squeezing high interest, and the low interest is repaid as much as possible, and the high interest depends on the thickness of your skin.

Hello, if you can't borrow it, it will affect your creditworthiness, which will affect your loan amount.

The consequences of borrowing and not being able to repay are very serious, you will lose the credibility of the borrowing, and the amount of the loan, the negative impact is very great, and the interest will be very high, no matter what, you must repay the arrears of Huabei and the borrowing on time. You can borrow money from relatives and friends, explain the situation to your parents, seek help from your parents, and pay off the arrears with the help of your parents, or sell the property in your name to repay the arrears, and then you have to work hard, or you can explain the situation to your boss and advance your salary with your boss. Do not use other software to get online loans, it is even more terrible to fall into online loans, borrowers should arrange their lives according to their own economic strength, do not over-indebted, affect their quality of life.

If you can't borrow it, it will affect your credit level first, and your credit limit will get smaller and smaller, or even lose your credit limit. Then you don't have to pay the fees that generate interest, and the interest is not low. The best thing to do is to borrow it from a friend and repay it quickly, otherwise it will affect you in the future.

1.Functional limitations: After the overdue, the borrowing function will be directly limited and cannot be used, and whether it can be restored after subsequent repayment will be evaluated by the system from time to time, and manual ignorance will intervene;

2.Negative records: Overdue records will be uploaded to Sesame Credit and uploaded to the basic database of financial credit information in accordance with provincial regulations;

3.Overdue interest: If the repayment is overdue, there will be a overdue fee that will be doubled by the normal interest rate.

If you can't pay it back, the best way is to find your wallet and borrow money, otherwise the consequences will affect your credit.

If you don't repay your loan on time, it will be overdue, and overdue will affect the use of your borrowing.

The details are as follows: penalty interest will be charged on time for overdue borrowing, and penalty interest will be charged at multiple of the normal interest rate from the date of overdue; If the borrowing is seriously overdue, you may no longer be able to use the borrowing function, and after repayment, the system will need to evaluate from time to time to see if you can resume the use; In addition, it is said that the credit will be checked after the borrowing is upgraded, and if it is overdue, it will also affect personal credit.

If the borrower defaults on repayment for a long time or deliberately fails to repay, after the amount exceeds 2,000, it can already constitute a crime of fraud and is in danger of being sued by the online lending platform in court. Once the court rules in favor of the online lending platform, the borrower will have to pay the litigation costs and huge fines of both parties in addition to the amount that needs to be repaid, and even face jail time.

In the end, you will be transferred to a debt collection company, and your family, friends, and relatives will be affected, just like a TV series on TV, which is very miserable, and it will also affect your personal credibility, so you had better borrow from your relatives and children.