What happens if 10 online loans are overdue

Overdue online loans can lead to the following consequences:

1.Impaired credit history: Overdue online loans can have a negative impact on an individual's credit history. This will result in borrowers facing higher interest rates, stricter approvals, or rejections when applying for financial services such as loans and credit cards in the future.

2.Collection actions: After the borrower is overdue, the creditor will usually take collection actions, including **, text messages, door-to-door collection, etc. If the borrower is unable to repay for a long time, the creditor may take legal measures such as sue, enforcement, etc.

3.High penalty interest and fees: Overdue loans often incur high penalty interest and late fees, which can increase the borrower's repayment pressure and increase the amount borrowed.

Summary: Overdue online loans can lead to damage to personal credit history, collection actions, and high penalties and fees.

Extended information: According to China's relevant regulations, online lending platforms should conduct a credit assessment of the borrower before granting a loan and require the borrower to provide effective repayment guarantee measures. At the same time, the borrower is also responsible for repaying the loan on time.

If the borrower fails to repay the loan on time, the creditor has the right to take certain collection measures and may take legal measures to recover the arrears. In addition, late repayments will affect the borrower's personal credit history and may be adversely affected when applying for other financial services in the future.

1. If there is really no ability to repay, it shall 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 for enforcement.

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.

5. In cases where there is the ability to refuse to enforce the judgment, it is suspected of the crime of refusing to enforce the judgment or ruling.

In prison, the credit report will be black for a lifetime.

The online loan you choose is definitely very risky.

Legal analysis: More than a dozen online loans are overdue at the same time and need to be actively repaid, if they cannot be repaid for a while, they can negotiate with the online loan platform to repay in installments. If the online lending company is connected to the credit information system of the central bank, the overdue situation will be recorded on the bank credit report, resulting in a bad credit record, which makes it difficult to re-lend.

Legal basis: Article 1,000 of the Civil Code of the People's Republic of China: Where the perpetrator bears civil liability for the violation of personality rights, such as eliminating the impact, restoring the reputation, or making a formal apology, it shall be commensurate with the specific manner of the conduct and the scope of the impact caused. Where the actor refuses to bear the civil liability provided for in the preceding paragraph, the people's court may employ methods such as publishing an announcement or publishing an effective judgment document in newspapers, periodicals, networks, and so forth, and the costs incurred are to be borne by the actor.

More than a dozen online loans are overdue at the same time, and they shall bear the corresponding liability for breach of contract if they fail to perform the contract or fail to perform the contract as agreed. The Civil Code stipulates that if a party fails to perform its contractual obligations or the performance of its contractual obligations does not conform to the agreement, it shall bear the liability for breach of contract such as continuing to perform, taking remedial measures or compensating for losses.

Legal basis] Article 577 of the Civil Code.

If one of the parties fails to perform its contractual obligations or the performance of its contractual obligations does not conform to the agreement, it shall bear the liability for breach of contract such as continuing to perform, taking remedial measures or compensating for losses.

Article 584.

If one of the parties fails to perform its contractual obligations or the performance of its contractual obligations does not conform to the agreement, causing losses to the other party, the amount of compensation for losses shall be equivalent to the losses caused by the breach of contract, including the benefits that can be obtained after the performance of the contract; provided, however, that it shall not exceed the losses that may be caused by the breach of contract that the breaching party foresaw or should have foreseen at the time of entering into the contract.