Online lending is not the worst outcome

The worst possible outcomes are as follows.

1. Credit investigation on the overdue record of online loans.

Overdue records in credit reporting will lead to poor personal credit reporting, and poor credit reporting will have more negative impacts.

2. Online loan overdue records, online loan big data.

Overdue records will affect the big data of online loans, and it will be difficult to apply for online loans in the future if there is a problem with the big data.

3. Increase the burden of repayment.

The longer the overdue time, the more overdue interest will be accrued, making it more difficult for users to pay off their overdue debts.

4. A large number of collections will be encountered during the overdue period.

Users will encounter SMS collection and ** collection, and a large number of collections will affect users' daily life.

5. Family, relatives and friends are subject to collection**.

After the collector collects on the lender himself, and the loan is still not repaid, the collector will call the lender's relatives and friends to collect.

6. The loan account will be frozen.

Before paying off the overdue arrears, the lending institution will freeze the loan account, and the user can only repay the loan during the account freeze period, and cannot apply for a loan again.

7. Collectors may come to collect money.

If the user's location is in the same region as the collection agency's location, the collector may come to collect the service.

8. The lender may sue the user.

If the overdue situation is serious or the overdue amount is high, the lending institution may sue the user in court.

9. Overdue records affect job hunting and civil servant examinations.

There are overdue records in the credit report that will affect daily life, such as job hunting, civil service examinations, joining the army, etc., which may be affected by bad credit.

10. Credit business cannot be handled before the credit investigation is restored.

The user must pay off the overdue arrears before the personal credit investigation can be restored, and the user will not be able to handle the credit business of credit investigation before the credit investigation is restored.

11. If you still do not repay the loan after being sued, you may be listed as a judgment defaulter.

After being listed as a judgment defaulter, the user's daily travel and consumption will be restricted, and it will also affect the children's enrollment in private schools.

If the online loan has been rejected many times, you can clearly understand the problems existing in your big data in the "Beijian Quick Check". It is an accurate and complete big data system, which cooperates with more than 2,000 online lending platforms to provide accurate and complete data.

Extended Information: What else can I borrow if my online loan is consistently denied?

If the online loan has been rejected, it may not be easy to borrow other online loans in a short period of time.

When you go to other loan platforms, you will usually query big data, and once you find that there is a problem with your personal credit, you will naturally refuse to approve the loan.

I am afraid that only small loan platforms that have not been approved by the CBRC and do not hold financial licenses have the opportunity to borrow, but most of these online loans are informal and it is not recommended to apply.

It is better to find a way to solve the problems of personal credit first, and then borrow money after the problems are dealt with.

And you need to pay attention to the fact that if there is only a bad record in big data, you can actually borrow from another channel, such as going to a bank or other financial institution for a loan, because it is basically a credit investigation, and there is no direct correlation with big data, so as long as the personal credit is maintained in good condition and has the ability to repay the principal and interest of the loan on time, there may be a chance to get a loan.

The worst outcome is jail time. Credit investigation has been affected, and now many online loans, although they cannot be said to be credit when they take out loans, but when they can't repay the loans, they will produce negative credit reporting, which is to go up the hail mountain of credit reporting. However, in this case, it is generally only for formal online loan platforms, and some informal and private platforms will not be able to report credit.

If you fail to repay the credit report within the time limit, you need to repay the remaining loan, otherwise there will be a record on the credit report, and the credit business will be greatly affected in the future. Bear legal responsibility, for compliant online lending platforms, the terms in the contract, especially the borrowing interest rate and related fees, are strictly in accordance with the relevant national laws and regulations, and such online lending platforms are protected by law. If the borrower is overdue for a long time and the amount is large, the online lending platform will go through the legal process, and the borrower will be saddled with a lawsuit, not only to repay the money, but also to bear some legal responsibilities!

This kind of online loan still has to be repaid!

Consequences of not being able to repay the online loan:

1. The debtor needs to pay high interest and corresponding liquidated damages.

2. The debtor's credit will be damaged, which will affect future credit card applications, loans, etc.

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 22 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.

Hello dear<>

The worst possible results of online loans are as follows:1Impaired credit history.

Failure to repay the loan on time will result in overdue, and the overdue record will leave a mark on the individual's credit history, which can adversely affect the credit rating later on, making it difficult for the borrower to get credit assistance again. 2.Collection is coming.

The loan company will use various means to urge the borrower to repay, including ** collection, text messaging, door-to-door collection, etc., which may cause a lot of pressure and distress to the borrower. 3.High penalty interest and late fees.

If the overdue period is longer, there will be high penalty interest and late fees, which will put the borrower under more pressure to repay. 4.The property was confiscated and sealed.

If the borrower does not repay the loan for a long time, the loan company may take legal measures to recover the money, including sealing the borrower's property or even auctioning it, which will bring economic losses to the borrower. 5.Litigation or credit bureau involvement.

If the lender is unable to recover the money through collection, the borrower may be taken to court, and the cost of litigation and attorney fees will also increase, causing a greater burden on the borrower. At the same time, credit bureaus may also make negative evaluations of the borrower's credit history, further damaging the borrower's creditworthiness.

The worst case for online loans is that the online lending institution filed a lawsuit with the court to demand repayment and was applied for enforcement. Consequences of repaying the online loan: 1. The debtor needs to pay high interest and corresponding liquidated damages.

2. The debtor's credit will be damaged, which will affect future credit card applications, loans, etc. 3. If the online lending institution sues the court for repayment, and the borrower still refuses to enforce the loan after the court makes a judgment on repayment, it may be subject to an application for compulsory enforcement.