There will be no consequences for online loans

6 answers

Anonymous users2024-02-07

1. What will be the consequences of not repaying the online loan for several years?

1. Penalty interest and liquidated damages.

If the loan is not repaid, the first thing to encounter is a high penalty interest, and some financial institutions also need the borrower to pay a liquidated damages on the basis of the penalty interest, which adds up to a lot of expenses.

2. Damaged credit.

If you borrow money from the bank and don't pay it back on time, your credit report will be stained, and it will be even more difficult to apply for a credit card or loan in the future. Loans for online lending will now definitely be credited to the central bank.

credit reporting system. Now, with the development of digital informatization, the interconnection between online lending and the central bank is more close, and there is also a set of shared "blacklists" in the online lending circle.

system, if one family does not repay, it will be difficult to approve other people's loans.

3. Collected by various means.

Whether it is a bank or an online loan, it has its own collection system. The primary ones will send you text messages, call ** reminders, and more serious ones, there will even be collectors 24 hours a day, which will seriously disrupt your work and life, and ordinary people can't stand this kind of mental oppression.

4. Loan platform.

Prosecution, assets may be seized.

The platform shall file a lawsuit with the court in accordance with the provisions of the loan contract and the guarantee contract, and the court will take measures such as property preservation, including freezing the deposits in all bank accounts of the lender and the loan guarantor, and seizing the property that has been pledged. Once the judgment is pronounced, you must enforce the "repayment award", otherwise, the court will seize the property in your name according to the law and use the auction proceeds to pay off the arrears.

5. If the circumstances are serious, he will be imprisoned and criminally convicted.

2. How to apply to the court for compulsory enforcement if the online loan is not repaid.

The parties must perform on legally effective civil judgments and rulings, as well as criminal judgments and rulings. If one party refuses to perform, the other party may apply to the people's court for enforcement, or the adjudicator may transfer it to the enforcer for enforcement.

If one party fails to perform on the award of an arbitration institution established in accordance with law, the other party may file a claim with jurisdiction.

of the people's courts. The people's court receiving the application shall enforce it.

If one party fails to perform on a creditor's right document that has been given compulsory enforcement effect by a notary public in accordance with law, the other party may apply to the people's court with jurisdiction for enforcement, and the people's court receiving the application shall enforce it. If there is a mistake in the notarized creditor's rights document, the people's court shall rule not to enforce it, and send the ruling to both parties and the notary public.

Generally speaking, such incidents as non-repayment of borrowed money are civil disputes.

It will not rise to the criminal level. However, if the borrower refuses to perform and insists on being a liar, he would rather run away than repay the money, and the circumstances are very heinous, the court will also investigate the criminal responsibility of the borrower.

If it's too serious, you will go to jail.

If the borrower fails to repay the debt, it will affect the personal credit and the individual's assets may also be frozen. However, online loan platforms will also collect debts, which may have a series of adverse effects on families.
Anonymous users2024-02-06

The consequences of overdue online loans are as follows.

1. Penalty interest is generated. After the online loan is overdue, there will be a high penalty interest, which is calculated according to the multiple of the original loan interest, and the longer the overdue time, the more interest will be generated.

2. Collected. After the online loan is overdue, the platform will collect the user's money, and will also contact the user's family, friends, colleagues, etc. In serious cases, it may also hit the user's company or the department of the place of household registration to understand the user's economic situation.

It will affect the normal life of the user and the user's friends.

3. Affect credit reporting. Some of the overdue records of online loans will be reported to the credit information system of the central bank, and once the credit information is affected, if users want to handle credit business such as car loans and housing loans in the future, they will be affected.

4. Sued by the platform. If the overdue amount of the online loan is large and the payment is not repaid for a long time, then the platform may sue the user to the court and apply to the court for enforcement.

5. Blacklisted. If the user is unable to comply with the effective judgment of the court, it will be blacklisted and the user's high-spending behavior will be restricted.

If you have overdue records online, or have loan records from multiple platforms, then your various records will be controlled by big data risk, and even Huabei will be closed when your online loan platform often rejects you. If there is an abnormality in your online black data, you can find: Xiaoqi Xincha, you can obtain your own big data and credit status, you can obtain various indicator data, you can query your own personal credit status, blacklist, online loan application records, application platform type, whether it is overdue, overdue amount, whether there is an arbitration case, and other important data information.

Extended Information: Can I borrow money if I have insufficient credit for my overall score**?

If the comprehensive score is insufficient, I am afraid that it will not be easy to borrow on the formal licensed loan platform in the short term, because it will be reviewed, and the comprehensive evaluation of the system is not up to standard, and the platform will naturally not lend.

It is estimated that only some microfinance platforms that have not been approved by the CBRC and do not hold financial licenses still have the opportunity to borrow. Because the threshold for applying for such small loans is generally low, some even need to provide an ID number or mobile phone number, and they can directly make a payment without review. However, most of these small loans are not very formal, and it is not recommended to apply for them, and they may encounter loan sharks and fraudsters, resulting in damage to personal money.

It is better to choose a formal licensed loan platform for borrowing, which is more secure. For the case of insufficient comprehensive score, the application can be postponed, the problem of personal credit can be solved, and then borrowed after being dealt with, and the loan should be able to be smoothly obtained. For example, if you have bad credit, you should be patient and spend time to accumulate a good record, and if you have too much debt, you should repay your debts in time and reduce your debts.
Anonymous users2024-02-05

If the online loan is overdue, there will be the following consequences.

1. High penalty interest.

When the loan is overdue, penalty interest will be incurred.

It is the same for any financial institution, and the penalty interest charged by the online lending platform is higher.

Penalty interest is calculated on a daily basis, and generally speaking, the overdue penalty interest of online lending platforms is multiple of the loan interest.

2. Collected.

After the loan is overdue, the borrower will definitely be collected by the collection staff of the online loan platform.

If it is a formal online loan platform, it is fine, but it is generally ** and SMS collection.

In addition, the borrower's family, residential address, workplace, and friends will be harassed to varying degrees.

3. Credit investigation is damaged.

The vast majority of online loans on the market have been connected to the credit information center of the central bank, and after the borrower's loan is overdue, there will be an overdue record on the personal credit report.

In the future, borrowers who want to apply for other loans, such as housing loans, car loans, etc., will be affected and are likely to be rejected.

4. Sued.

If the borrower does not repay the loan for a long time, the online lending platform may sue the borrower.

Once sued, the borrower will be enforced.

Assets may also be auctioned.

It will also implicate his wife, children, etc.

In case of being listed as a judgment defaulter, travel and consumption will also be subject to many restrictions.

If you have any questions about personal debt or online loan data, you can read the online loan big data report provided by "Changbai Data", which contains detailed data, such as online loan application records, overdue status, blacklist and other information.

Extended Information: What should I do if my online loan is overdue?

Online loans can not be dealt with from the following aspects.

1. Negotiate repayment.

In the current situation of difficulty in repayment, the borrower can contact the staff of the lending institution before or after the overdue date to apply for a deferral of repayment, or a certain penalty interest reduction.

Generally speaking, when applying for negotiation for repayment for the first time, online lenders will reject it.

The borrower does not need to be discouraged, and should not lose contact, but can communicate and submit proof of financial hardship many times, and repay the loan in accordance with the latest affordable repayment rules after the two parties reach an agreement.

2. Ask family or friends for help.

If you have no money to repay at all, then it is best to seek help from your family in time, and after assisting in repayment, work hard to repay your family's funds later.

3. Mortgage or auction.

If the borrower has any valuable real estate in his name, he can choose to mortgage or auction it.

The funds obtained from mortgages and auctions are used to repay arrears.

Then work hard, open up and reduce expenditure, and then buy it back.
Anonymous users2024-02-04

Applying for an online loan will affect your personal credit investigation, which is mainly reflected in the number of inquiries made by the online loan company on your credit and the number of applications you have made

One is that applying for this type of loan affects your loan with the bank.

Second, the interest rate for applying for this type of loan is higher.

Third, there are limited repayment options for applying for such loans.

Fourth, the amount of such loans is low.
Anonymous users2024-02-03

1. What are the main consequences of non-repayment of online loans?

1. High penalty interest and liquidated damages.

If the debtor extends the overdue time, the higher the specified interest will be, but no matter how high it is, it cannot exceed the legal scope stipulated by the laws of our country. If the loan is not repaid, the lender will also be required to pay the corresponding liquidated damages. Therefore, it is better to develop good repayment habits to avoid causing more problems in the future.

2. Damaged credit.

If the loan is not repaid, it will also affect their creditworthiness. Nowadays, many banks and online loan companies have adopted a sharing system, if you take a loan from a bank or online loan company and do not pay back. Then it is possible that other online loan companies or banks will know that you owe the loan and do not repay it, and if you want to apply for a loan again later, it will be difficult or even possible that you will not be able to borrow money.

Because your credit has been damaged.

3. Being harassed by various means.

If the loan is not repaid, it is also possible to be harassed by the online loan company, and 24 hours of uninterrupted text messages to the lender or the lender's relatives and ** collection method is considered a relatively light behavior. Some online loan companies will outsource collection to professional companies that specialize in debt collection, and the collection methods of these professional debt collectors are varied, and sometimes even because of the "violent collection" behavior of the collection company, it will lead to the fragmentation of a family.

4. Serious circumstances will lead to imprisonment.

If the debtor resolutely refuses to perform the repayment obligation, he will be a recumbent and the circumstances are very heinous, the court will investigate the criminal responsibility of the debtor.

2. How to deal with people who owe money and don't pay it back.

1. When issuing an IOU, the other party is required to write down the name of the lender, the amount of the loan (preferably in upper and lower case), the signature of the borrower (preferably with a copy of the borrower's ID card), and the date.

2. If there is no IOU to prove the fact of the loan, and the borrower denies it, the lender should find a witness or an insider to come forward to coordinate or testify in court to prove the occurrence of the fact of the loan, and may also use audio or video recording to prove the fact of the loan when contacting the other party;

3. If the borrower is missing and his whereabouts are unknown, he should protect his rights through litigation in a timely manner, and after the court accepts it, he can serve the litigation documents and make a judgment by means of announcement, and after the judgment takes effect, he can apply to the court for compulsory enforcement, of course, if the other party is still missing and there is no property available for enforcement, the judgment will not be immediately enforced. Therefore, it is necessary to file a lawsuit in a timely manner, and after winning the lawsuit, collect clues about the other party's property, and cooperate with the court to enforce it.

I can't afford to repay the online loan, it's overdue, and many people say that there will be no criminal liability and no jail. But others say they may be criminally liable and go to jail. Actually, this thing can't be generalized.

Generally speaking, if you end up being sued for overdue online loans, most of them are civil lawsuits, which means that you will not bear criminal liability and will not go to jail. But there are exceptions, and this one is.
Anonymous users2024-02-02

First, the front. If the online loan is not repaid, it will cause the following adverse consequences.

2. Specific analysis.

1. Penalty interest will be charged from the day of overdue until the arrears are fully paid.

The longer the overdue time, the more penalty interest will accumulate (note that the overdue penalty interest rate charged by some online loans will also rise compared with the normal borrowing interest rate).

2. The system will report the overdue situation to big data, and some online loans are connected to the central bank's credit information, so they will also report to the central bank's credit information, leaving bad records in it, resulting in personal credit damage.

3. The platform will send text messages and call ** to collect money, if there is no response to sending text messages and calling ** reminders, relevant personnel may be arranged to come to collect money in the future, and even a lawsuit may be filed with the court.

4. Due to credit problems, the follow-up credit business will be hindered, and it is difficult to successfully handle it in a short period of time.

Therefore, it is recommended that you must remember to repay the loan on time after borrowing, and never fail to repay it on time.

Of course, if you can't afford to repay the interest fees charged by online loans because they are too high, you can choose not to repay the interest fees beyond the reasonable range.

You can check in Xiaoqi Xincha, get a big data report, check your overdue records, and classify your online loans, regular and informal, on credit and on non-credit information. If you want to repay the money but the funds are not enough, then negotiate with the online loan platform and give priority to the repayment of the formal credit report to minimize the impact on yourself.

3. What will happen if the online loan is overdue?

If the online loan is not repaid within the time limit, it will cause the following adverse consequences.

1. Penalty interest will be charged from the day of overdue until the arrears are fully paid, and the penalty interest rate charged by some platforms will be higher than the normal borrowing interest rate.

The longer you are overdue, the more pressure you will have to repay.

2. The platform will report the overdue situation to the big data or the central bank credit information, leaving bad records in it, resulting in damage to personal credit (overdue bad records generally have to be retained for at least five years after the arrears are paid off before they may be deleted).

3. The system freezes the loan amount so that it can no longer be borrowed; And because of credit problems, borrowing from other financial institutions is likely to be hindered, and it may be difficult to successfully handle it in a short period of time.

4. Send text messages and call ** from time to time to collect money, if you have not paid back the money many times, some may arrange relevant personnel to come to the door to collect the money, and some may take legal measures to repay the loan as soon as possible by filing a lawsuit with the court.