What should I do if my cash loan is overdue? Is the cash loan overdue on the credit report?

The only way is to pay the bill.

Overdue cash loans are a very serious matter, and the first thing is that you will never be able to pay it back. It may end up down the same path that many people have taken – suicide.

Taking advantage of the fact that it has not developed to the point of hopelessness now, it is better to pay off the debt quickly. This is a top priority, and it should not be taken lightly.

If you already have a stable job, then pay it back with your salary. If you don't have enough money in your hand, see if you can negotiate with your boss to advance part of your salary first.

If you can't discuss it with your boss, then ask your friends to see if you can borrow it. If you can borrow it, it is naturally the best result, if you really can't borrow it, forget it.

At this time, relatives must be their solid backing, no matter what method is born, they must pay back the overdue money first.

Or do you want to ask you how much money you borrowed? If you can get the money back, don't hesitate to ask for it.

If this matter is resolved, don't borrow cash again, this is very unreliable. As a result, many families have been torn apart and even bankrupt.

It depends on which platform you are borrowing from. If it is on the credit reporting platform, then when you are overdue, first of all, your credit will be tainted.

You will have a "1" current overdue, which is more troublesome. Some people may feel that it doesn't matter, as if it doesn't have a direct impact. Not really.

If you have the current overdue, you apply for a credit card or a loan, and basically none of them can be done.

If you repay the loan, although it is overdue for a few days, the problem is not particularly big.

However, if you continue to be overdue, or if you are unable to repay, then the problem is greater.

If you continue to be overdue, then your credit report will appear, and once your credit report has a record of 7, it is basically equivalent to a black account.

During this period, there will definitely be different people urging you to repay the money, and even calling your relatives and friends who stayed at the time. What's more, they will come to your door.

Since you have taken out a loan, you should repay it well. Overdue is not a joke, and the benefits of overdue are generally higher.

Cash loans may be on the credit report.

If the borrower maintains good credit and repays the loan in a timely manner under the normal use of the loan, then the credit will not be reported; If the loan is overdue for more than three months, it will be recorded in the central bank's credit investigation, because overdue for more than 90 days is considered a serious overdue.

Cash lending, as the next credit loan application software, is on the credit report.

Expand information] credit reporting is a professional and independent third-party agency for individuals or enterprises to establish credit files, in accordance with the law, objectively record their credit information, and provide credit information services to the outside world in accordance with the law, it provides a platform for professional credit institutions to share credit information.

In May 2019, the new version of personal credit information was officially launched, and the duration and granularity of credit information will be further improved.

Reason: If you borrow money from a bank, then the bank needs to know who you are; You need to judge whether you can repay the money on time; Whether you have borrowed money before, whether you have a record of borrowing money and not paying it back, etc. Before the credit report appears, you need to provide a series of supporting materials to the bank:

Proof of employer, proof of salary, etc.; The loan officer of the bank will also call ** to visit your unit. It will take two weeks or more before the bank will tell you if you want to lend you money. It's really tiring for the bank, and it's annoying for you, and it's really troublesome to borrow money.

The advent of credit reporting has made it easier for banks to know your credit status: they hand over the credit information they have about you to a special agency to compile and compile a credit file (i.e., personal credit report) for you, and then provide it to each bank for use. This kind of activity of sharing credit information between banks through third-party institutions is credit reporting, in order to improve efficiency, save time, and get things done for you quickly.

With the intervention of the credit bureau, with the credit report, when you borrow money from the bank again, the bank loan officer can check your credit report with your consent, and then take a moment to focus on verifying some questions, and then quickly tell you whether the bank provides you with a loan. The bank saves trouble, you don't have to worry. In China, the Credit Information Center of the People's Bank of China (hereinafter referred to as the Credit Information Center) is a specialized institution that establishes your "credit file" and provides personal credit information to commercial banks.

If you don't repay the overdue private loan, try the following tricks:

1. Negotiate and resolve the matter on your own.

2. People's mediation:The People's Mediation Committee does not charge any fees for mediating civil disputes. People's mediation is generally applicable to some simple private loans that occur between friends, relatives, and neighbors because the loan amount is not large.

3. Compulsory notarization:The enforcement effect of notarization is a special function entrusted by law to the notary public, which is the notary public notarization of the creditor's right document with payment as the content when the debtor voluntarily accepts the enforcement commitment according to the application of the parties. If the debtor fails to perform its obligations, the creditor may directly apply to the court for enforcement without going through litigation to realize the creditor's rights.

The notary public gives enforceable effect to the loan contract, which is equivalent to a court judgment.

4. Arbitration:Arbitration and litigation are two parallel ways of litigation, and the advantages of arbitration in the resolution of private lending disputes are: the time limit for trial is short, the service method is flexible and fast, and more attention is paid to the autonomy of the parties.

However, there are also disadvantages, including the inability to preserve directly; Unable to perform directly; the negativity of the survey; There is a risk that an arbitral award will be set aside or not enforced.

5. Supervision procedures and payment orders:The supervision procedure refers to the people's court according to the creditor's application for the debtor to pay a certain amount of money or value, to the debtor to issue a conditional payment order to urge the debtor to perform its obligations within a time limit, if the debtor does not raise an objection within the statutory period, the payment order is enforceable. The supervision procedure is a simple, expeditious, and special procedure that urges the debtor to repay its debts.

6. Litigation: It can be finally resolved by filing a lawsuit.

7. Litigation mediation and arbitration mediation:Once the court presides over the mediation and the parties reach a mediation agreement, the parties may promptly perform the content of the mediation agreement, and the plaintiff may withdraw the lawsuit, or the court may choose to make a mediation document to confirm the validity of the mediation agreement. Arbitration and mediation means that the arbitral tribunal may conduct mediation before making an award.

If mediation fails, a ruling shall be made in a timely manner. If an agreement is reached through mediation, the arbitral tribunal shall prepare a written settlement or an award based on the results of the agreement. The mediation document has the same legal effect as the award.

The cash loan has been overdue for three years, and it has been on the credit report, and you can't find the entrance to repayment, in this case, you directly contact the platform where the original loan was made and ask about the specific repayment method.

About loan overdue.

There are short-term and long-term loan overdues, and the consequences are different depending on the length of time they are overdue. However, most people have many misunderstandings about overdue loans, and they don't find out that it's too late to regret until they have serious consequences!

Short-term overdue loans and consequences.

1. High fines and liquidated damages.

After the loan is overdue, in addition to the interest and principal, you also need to pay high penalty interest and liquidated damages when repaying.

2. Leave personal credit stains.

There will be an overdue record on the credit report, which will be retained for 5 years even after repayment. Overdue records will affect almost all subsequent financial activities of the overdue person.

3. Receive SMS** collection.

The lender will continue to send text messages and call ** to collect the overdue funds, inform the borrower of the serious consequences of overdue, and order the borrower to repay the overdue principal and interest within a time limit.

Long-term overdue loans and their consequences.

Generally speaking, overdue for more than 90 days will be regarded as maliciously overdue by the lender. Banks can sue for collection of malicious overdue payments of more than 90 days, regardless of the amount. After the court makes a judgment, release to the public information on judgment defaulters (lai), restrict their high consumption, restrict travel by airplane, and high-speed rail.

As the regulatory bureau is becoming more and more strict, and the online loan platform is becoming more and more standardized and strict, many online loans are now on the credit report, so the credit record is a matter of great concern to all borrowers.

1. The processing of online loan credit records is very "humane";

Compared with traditional banks, online loan credit is much more humane, that is, it will give a certain grace period for unintentional overdue due to temporary negligence, but if you are in arrears for a long time, it will be easy to have a taint record of borrowers, which is also a key reminder in the credit system, and the impact on individuals is very serious!

2. The retention period of bad credit reporting records of bank loan defaults is 5 years.

According to the "Regulations on the Administration of the Credit Reporting Industry", the retention period for credit reporting establishments of negative personal information is 5 years from the date on which the negative conduct or incident is terminated. After the repayment of principal and interest and liquidated damages, other banks will not be able to check the bad record for more than 5 years. It is important to note that the credit stain will remain in place until the loan is settled.

So you must cherish your credit history.

3. The retention period of credit card overdue bad credit records is 2 years.

Credit card repayment information will be recorded by the central bank's credit information system for 24 months, and if the card is cancelled, the record will be kept for a long time. Therefore, it is recommended that credit card users continue to use the card for two years after paying off the arrears, and maintain good credit during the period, so that the bad records can be removed from the credit reporting system by rolling records.

The above three are all based on short-term default, if the overdue is too long, and the overdue information has been uploaded to the People's Bank of China, then pay off the debt and wait for 5 years for the system to automatically eliminate it.

Your cash loan has been overdue for three years, so you should contact your original loan platform to negotiate repayment, and don't be overdue for a long time.

First of all, if it is overdue, it will have an impact on your credit according to the length of time, and the credit is seriously overdue (more than 90 days) credit is a black account, and it is impossible to apply for any group loan business before the overdue repayment, and secondly, there will be liquidated damages, overdue interest and other additional costs, and the last interest is greater than the principal for a long time is not new, please be cautious.

There will be no consequences for the loan money: 1. If you really have no ability to repay, you should negotiate with the lending institution to extend the repayment period or repay it in installments.

2. If the lending institution fails to perform the court judgment within the performance period after winning the lawsuit, it will apply to the court to enforce the lawsuit.

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

4. If the lender has no property in his name that can be enforced and refuses to perform the effective judgment of the court, there will be negative information such as overdue repayment recorded in the individual's credit report and will be restricted from high consumption and entry and exit, and may even be subject to judicial detention.

If you are late on your payments, you can try to borrow again.

It is advisable to repay the arrears as soon as possible, resulting in severe overdue will face:

1. Bear high overdue fees.

For overdue fees, different online lending platforms have different names and different charging standards. Whether it's called overdue penalty interest, overdue management or other various names, the fees are very high. Therefore, if you have the ability to repay the loan on time, you should never overdue.

2. Bear the fancy collection of the platform.

Collection is generally divided into three stages: the first stage, just a few days overdue, the platform customer service mm softly and warmly reminds, telling you that you have been overdue, please repay on time; In the second stage, if it is overdue for a long time, the platform's customer service will seriously warn that it will face serious consequences if it is overdue; In the third stage, after a long time of overdue, the platform no longer persuades each other and begins to take practical action.

There are many kinds of practical actions, such as: the platform pushes your arrears information to your relatives and friends, so that you lose face in the circle of friends; The platform arranges special collection personnel to collect door-to-door, face-to-face communication and accounting. Of course, these are still relatively mild.

Some platforms outsource the collection and collect it by a specialized collection company, and the collection company that broke out some time ago is "violent collection", and I believe that borrowers are unwilling to encounter it.

Third, facing a national crisis of confidence.

At present, online lending platforms have established a blacklist system, and blacklist platforms have begun to communicate with each other. If you don't repay your loan on one platform, it will be difficult to borrow it on other platforms. In addition, online lending platforms will publicize the blacklist through their own WeChat, Weibo and other online channels, and even on large screens at railway stations and airports.

Let the people of the whole country know that these "old fools" borrow money and do not pay it back! Of course, except for those who owe money in bad faith, the average borrower will not go this far.

Fourth, the People's Bank of China's credit report produces stains.

At present, most online lending platforms have not yet been connected to the credit information system of the People's Bank of China, but access to the credit information of the People's Bank of China has become an inevitable trend. In the future, if the online loan platform fails to repay the loan overdue, it will be recorded in the credit information system of the People's Bank of China in the same way as bank loans and credit card overdue, resulting in credit stains. If the previous consequences are just disgrace, then the stain on the credit will affect the actual life, if you want to buy a house, you can't get a loan, you can't get a mortgage if you want to buy a car, and so on.

5. The defendant goes to court.

After the loan is overdue for a long time or deliberately does not repay, and the amount exceeds 2,000, it can already constitute a crime of fraud, and there is a risk of being sued by the online loan 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.

The above is about what happens if the cash loan is overdue.