What are the consequences of not paying back the money owed by the latest online loans

First of all, there will be a stain on personal credit. Nowadays, almost all formal loans are linked to personal credit information, and when applying for a loan, it is necessary to check the credit information, and the loan and repayment records will also be reflected in the credit report of the People's Bank of China. If there is a late repayment, it will have a negative impact on personal credit reporting.

Secondly, the online loan platform will charge overdue penalty interest, which is usually charged on a daily basis, and the penalty interest = overdue principal * daily interest rate * number of overdue days, and the specific charging standard is subject to the loan agreement.

Finally, the online loan platform may send payment reminders through **, SMS, etc.

Therefore, it is recommended that you do what you can when borrowing, make timely repayments, and maintain a good personal credit history.

If you have a lot of repayment pressure, you can choose to use big brand credit products that support installment repayment, such as Alipay Borrow, Tencent Micro Loan, and Du Xiaoman Finance. Money is the credit brand of Du Xiaoman Finance, which provides users with safe and convenient, unsecured and unsecured credit services.

Du Xiaoman Finance will effectively implement the call of the state to support small and micro enterprises to tide over the difficulties, and its credit service brand has the money to spend to fully support the production and operation of small and micro enterprises. It is reported that seventy percent of the credit users of Du Xiaoman Finance are small and micro business owners. Up to now, Du Xiaoman Finance has joined hands with dozens of financial partners to issue hundreds of billions of yuan in loans to small and micro business owners.

This is provided by Kangbo Finance, which focuses on the interpretation of financial hot events, the popularization of financial knowledge, adheres to professionalism, pursues fun, makes financial content that people can understand, and conveys financial value in a vivid and diverse way. Hope this helps.

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.

Hello, overdue will not have a greater impact on personal credit problems, and the untrustworthy behavior will be recorded in your personal information file, which will have an impact on a series of personal financial business activities such as your loans in the future. If you have urgent needs for money, it is recommended that you ** Money Spend app, Money Spend is the original credit service product, the application steps are simple, and the loan is convenient. You can apply directly online, no mortgage is required, the application materials are simple, the fastest 30 seconds for approval, and the fastest 3 minutes for loan disbursement.

Early repayment is possible, and the recovery limit can be revolving after repayment. Hope it helps. Click below on the mobile phone to measure the amount immediately!

Legal analysis: Failure to repay online loans generally has the following consequences:

One is to 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 fee, or any other variety of names, the fees are very high.

Second, it may cause bad credit records. 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. It is recorded in the credit information system of the People's Bank of China, resulting in credit stains.

Third, they will be sued by online loan companies. If the loan is overdue for a long time or deliberately does not repay, it will be taken to court.

Legal basis: Civil Code of the People's Republic of China

Article 671: Where a lender fails to provide a loan on the agreed date and amount, causing losses to the borrower, it shall compensate for the losses.

If the borrower fails to collect the loan on the agreed date and amount, it shall pay interest on the agreed date and amount.

Article 675:The borrower shall return the loan within the agreed time limit. Where there is no agreement on the term of the loan or the agreement is not clear, and it is still uncertain in accordance with the provisions of Article 510 of this Law, the borrower may return it at any time; The lender may demand the borrower to return it within a reasonable period of time.

Article 676: Where a borrower fails to repay the loan within the agreed time limit, it shall pay overdue interest in accordance with the agreement or the relevant provisions of the State.

The consequences of not paying back the money owed after borrowing an online loan:

1. High interest and corresponding liquidated damages must be paid.

2. Credit will be damaged.

3. If an online lending institution files a lawsuit with the court for repayment, and the borrower still refuses to enforce the loan after the court has ruled on the repayment, it may be subject to an application for compulsory enforcement.

4. If the borrower fails to repay the loan but has the ability to repay the loan after the court has made a judgment to repay the loan, and the circumstances are serious, it constitutes the crime of refusing to execute the judgment or ruling, and the borrower shall be investigated for criminal responsibility.

Legal basis

Article 21 of the Provisions on Several Issues Concerning the Application of Law in the Trial of Private Lending Cases.

Where the borrower and the borrower form a lending relationship through an online lending platform, and the provider of the online lending platform only provides intermediary services, and the parties request that they bear the guarantee liability, the people's court will not support it.

Where the provider of an online lending platform explicitly indicates through web pages, advertisements, or other media or has other evidence to prove that it provided security for the loan, and the lender requests that the provider of the online lending platform bear the guarantee liability, the people's court shall support it.

Online loans are only civil disputes, if it is legal online loan overdue, your overdue information may be uploaded to the People's Bank of China Credit Information Center system. However, most online loans are not legal, and many online loan companies are reluctant to sue borrowers easily, and usually only collect through ** contact or text message.

The use of online loans to carry out "routine loan" scams has been heard from time to time, and common methods include:

1.Posting false advertisements. Impersonating an online lending company or platform to make false promotions to trick borrowers into providing funds or personal information, but not actually disbursing any loans.

2.Prepaid scams. The borrower is required to pay a high "processing fee" or "security deposit" to obtain a loan, but the actual loan amount is much lower than promised, or the loan payment is not received at all.

3.Lost contact after lending. When deliberately delaying repayment, the borrower was prevaricated for various reasons, and then suddenly lost contact, causing losses.

4.Extremely high interest rate scams. Promises to provide high loans in a very short period of time, but the APR far exceeds the law, pushing borrowers into a "usurious debt trap".

5.Personal Information Scams. Fraudulent use of false propaganda to deceive borrowers of personal information and carry out ** or other frauds, resulting in information leakage and economic losses.

At present, the annualized interest rate of personal consumption loans in China is not allowed to exceed 4 times of LPR, that is, the sum of various expenses shall not exceed the upper limit of the interest rate. The borrower has the full right not to repay the loan and may file a lawsuit against the online loan company that violates this provision by deceiving the borrower through false advertising or ultra-high interest rates.

First, there are no consequences for all kinds of online loans.

1) High penalty interest and liquidated damages.

If the debtor extends the overdue time, the higher the 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) Impaired credit.

If the loan is not repaid, it will also affect her credit. 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, Su Mincong may also 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 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) If the circumstances are serious, it 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.

The consequences of not repaying the online loan are:

1. Penalty interest and liquidated damages.

If you don't want to fall into the dead cycle of online loans, it is best to develop good repayment habits and be cautious about online loans.

2. Damaged credit.

Whether it is borrowed from the bank or the money of the online loan platform, if the phenomenon of overdue non-payment occurs only in the mold fruit, in addition to interest and liquidated damages, your credit will also be damaged, and there will be stains on the credit record, and it will be relatively difficult to apply for a credit card or loan in the future. There will also be a shared blacklist system in the online lending platform, and your credit history can be checked.

3. It will be collected by various means.

Whether it is a bank or an online loan, it has its own collection system. The primary ones will send text messages to the parties, call ** to urge them, and if the degree is more serious, there will even be collectors who will be close to them 24 hours a day, which will disrupt the normal work and life of the parties.

4. If you are sued, your assets may be seized.

If the above situation still does not repay, then you have to be prepared to face various collection methods of the platform. If the borrower still does not pay, it will be appealed to the court. Many people may be concerned about whether they will go to jail if they fail to repay the online loan overdue, in fact, usually such a thing is a civil dispute and has not risen to the criminal level, but if the borrower refuses to execute or has the ability but does not repay, then the court will investigate the criminal responsibility of the borrower, and if the circumstances are serious, there is a possibility of imprisonment.

Extended Information:1According to the Contract Law and relevant legal provisions, if there is an agreement in the contract on overdue payment, the contract shall bear the liability for breach of contract in accordance with the contract.

If the contract clearly stipulates the liquidated damages for late payment, or the specific method of compensating for losses, the company shall bear the liability for breach of contract in accordance with the contract; If the agreed liquidated damages are excessively higher than the losses caused, the adjudication authority may reduce them at the request of the defaulting party in accordance with law. If the parties to the contract do not expressly agree on the liability for breach of contract for late payment, the breaching party shall still bear the statutory fruits in accordance with the law.