What should I do if I don t have money to repay my online loan, and what should I do if I really don

If you don't have enough money to repay your online loan, you can consider the following solutions:

1.Borrow money to pay it back: Seek help from friends and family and borrow money from them to pay off your online loan. This avoids the accumulation of interest and gives yourself some time to work out your financial problems.

2.Negotiate with creditors: Communicate directly with the online loan company or creditors to explain their predicament and make a request for installment payment or deferment of repayment. Some creditors may consider lowering interest or forgiving some of your debt to help you get out of trouble.

3.Seek professional help: Consult a credit reference agency or financial management expert for their advice and assistance. They can help you regain financial stability by creating a reasonable repayment plan and providing financial management advice.

Summary: When you don't have money to repay your online loan, the key is to be proactive in dealing with the problem and communicating with creditors. At the same time, review your own financial situation and take reasonable steps to increase your income and reduce your expenses so that you can solve your financial difficulties as soon as possible.

People's Bank of China Basic Personal Credit Information Database: This database records personal credit information, including borrowing records and repayments. When dealing with online loans, this information may affect your future credit rating and borrowing ability.

Contract Law of the People's Republic of China: This law stipulates the rights and obligations of the loan contract, including the debtor's repayment obligation and the protection of the rights and interests of the creditor. When negotiating with creditors, you can refer to this law to understand your rights.

The practice of not having money to repay the online loan when it expires:

It is recommended to repay the arrears as soon as possible, and you can borrow money from relatives and friends to repay the online loan first, and then pay off the friends slowly. For overdue fees, different online lending platforms have different names and different charging standards. 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.

1. Negotiate the suspension of repayment.

2. Negotiate an extension of the repayment period.

3. Borrow from other lending institutions. If you don't have the money to repay your loan, it's a good idea to borrow money from other loan structures, but remember not to borrow from loan sharks.

4. Sell assets to repay loans.

Further information: Consequences of non-repayment of online loans:

1. Penalty interest and liquidated damages.

If you don't want to get caught up in the loan quagmire and can't extricate yourself, you still need to develop good repayment habits.

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. Because of small profits, missing out on one's credit wealth is actually very much worth the loss.

Some people say that the loans I took online loans, these will not be counted in the credit investigation of the central bank. Not to mention, now that online lending and the central bank are more closely interconnected, even in the online lending circle, there is also a shared "blacklist" system, and if one does not repay, it will be difficult to approve other 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, seriously disrupting your work and life, and ordinary people can't stand this kind of "mental oppression".

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

Maybe you have a strong ability to "resist pressure" and feel that the consequences mentioned above are all drizzle, then the financial institutions will not be polite to you, toast and don't eat and drink, then they can only take out the secret of "court" and arm themselves with the law.

You can explain the situation to your family and ask for their help to repay the loan as soon as possible. Or contact the lender to ask if you can repay the loan in installments, and the debtor can also look for a job and get paid as soon as possible to pay off the debt.

What are the consequences of overdue online loans?

1. Penalty interest and liquidated damages.

If you don't repay the loan, then the first thing you will encounter is high interest and corresponding liquidated damages, if you don't want to get yourself into the loan quagmire, it is best to develop good repayment habits.

2. Credit will be damaged.

Whether it is borrowed from the bank or the money from the online loan platform, if there is a phenomenon of overdue repayment, it will be much more difficult to apply for a credit card or loan in the future. Some people think that the overdue repayment of online loans has no impact on their credit reporting. In fact, this idea is wrong, at this stage, there is a system of interconnection and encryption between the online loan platform and the central bank, and there will also be a shared "blacklist" system in the online loan platform, which can check your credit in minutes.

What should I do if I really don't have money to return to the online loan? You have to find a way to save this money, this money is borrowed by you, and you must also do it, because you really can't return to the Internet café on time, you can only negotiate with them, let them cooperate with them to negotiate first, communicate and talk slowly, that anyway, you still have to pay back, after all, you can't ignore them, now you can only negotiate with them more, through negotiation, it should be possible to repay their money slowly. If you really don't have money, you can find someone, and it's best to say this if you know it early, I think it's normal, and money can't affect personal credit is fake.

Summary. Legal basis: Article 266 of the Criminal Law of the People's Republic of China: Where public or private property is defrauded, and the amount is relatively large, a sentence of up to three years imprisonment, short-term detention or controlled release is to be given, and/or a fine; where the amount is huge or there are other serious circumstances, a sentence of between 3 and 10 years imprisonment and a concurrent fine is to be given; where the amount is especially huge or there are other especially serious circumstances, a sentence of 10 or more years imprisonment or indefinite imprisonment is to be given, and a concurrent fine or confiscation of property.

Where this Law provides otherwise, follow those provisions. Article 678 of the Civil Code of the People's Republic of China The borrower may apply to the lender for an extension of the loan period before the expiration of the repayment period; If the lender agrees, it can be extended.

Hello, there is no money to repay the online loan handling methods: 1. First of all, you must let the other party know that you will repay, keep the complete loan certificate, and agree on the repayment period of the loan amount, interest calculation and default consequences; 2. When the repayment deadline arrives and you have no money to repay, negotiate the repayment time with the borrower; 3. Negotiate with the other party to pay off the debt in installments.

Legal basis: "Criminal Law of the People's Republic of China" Article 260 Fraud of public or private property, where the amount is relatively large, is to be sentenced to up to three years imprisonment, short-term detention or controlled release, and/or a fine; where the amount is huge or there are other serious explicit circumstances, a sentence of between 3 and 10 years imprisonment and a concurrent fine is to be given; where the amount is especially huge or there are other especially serious circumstances, a sentence of 10 or more years imprisonment or indefinite imprisonment is to be given, and a concurrent fine or confiscation of property. Where this Law provides otherwise, follow those provisions.

Article 678 of the Civil Code of the People's Republic of China The borrower may apply to the lender for an extension of the loan period before the expiration of the repayment period; If the lender agrees, it can be extended.

2.Ask a friend for help. Reach out to your friend for financial help.

Extended information: 1. Online lending, foreign name is Internet lending, P2P online loan is the abbreviation of online lending, including individual online lending and commercial online lending. P2P online lending refers to direct lending between individuals through Internet platforms.

It is a subcategory within the Internet Finance (ITFIN) industry. The number of online lending platforms in China grew rapidly in 2012, with about 350 active platforms so far, and 3,054 as of the end of April 2015. In September 2019, the Leading Group for the Special Rectification of Internet Financial Risks and the Leading Group for the Special Rectification of Online Lending Risks jointly issued the Notice on Strengthening the Construction of the Credit Information System in the Field of P2P Online Lending to support the access of P2P online lending institutions to the credit reporting system.

2. The essence of Internet finance is still finance, and the characteristics of concealment, contagion, extensiveness and suddenness of financial risks have not changed. Strengthening the supervision of Internet finance is an inherent requirement for promoting the healthy development of Internet finance. At the same time, Internet finance is a new thing and an emerging format, and it is necessary to formulate moderately relaxed regulatory policies to leave room and space for Internet financial innovation.

By encouraging innovation and strengthening mutual support in supervision, we will promote the healthy development of Internet finance and better serve the real economy. Internet financial supervision should follow the principles of "lawful supervision, appropriate supervision, classified supervision, coordinated supervision, and innovative supervision", scientifically and reasonably define the business boundaries and access conditions of various business formats, implement regulatory responsibilities, clarify the bottom line of risks, protect legitimate operations, and resolutely crack down on illegal and irregular behaviors.

3. Online lending includes individual online lending (i.e., P2P online lending) and online small loans. Individual online lending refers to direct lending between individuals through Internet platforms. Direct lending on individual online lending platforms falls within the scope of private lending, and is regulated by laws and regulations such as the Contract Law, the General Principles of the Civil Law, and the relevant judicial interpretations of the Supreme People's Court.

Online micro-loans refer to the micro-loans provided by Internet enterprises to customers through the microfinance companies controlled by them. Online microloans should comply with the existing regulatory regulations of microfinance companies, give full play to the advantages of online loans, and strive to reduce customer financing costs. The online lending business is supervised by the China Banking Regulatory Commission.

What should I do if I can't repay the arrears of the online loan:

1. Be sure to let the other party know that the money will be paid off, keep the voucher intact, and agree on the repayment period of the loan amount, interest calculation, default consequences, etc.;

2.If you don't have the money to repay when the repayment period comes, this is the repayment time agreed with the borrower;

3. Negotiate with the other party to repay the debt in installments.

Extended Information] Online lending, the foreign name is online lending, P2P online lending is the abbreviation of online lending, including personal online lending and commercial online lending. P2P online lending refers to direct lending between individuals through internet platforms. It is a subcategory of the Internet Finance (ITFIN) industry.

In 2012, the number of online lending platforms in China grew rapidly. As of April 2015, there are about 350 active platforms, and as of April 2015, the total number has reached 3,054.

In September 2019, the Leading Group for the Special Rectification of Internet Financial Risks and the Leading Group for the Special Rectification of Online Lending Risks jointly issued the Notice on Strengthening the Construction of the Credit Reporting System in the Field of P2P Online Lending to support the access of P2P online lending institutions to credit reporting. System.

Introduction: The essence of Internet finance is still finance, and it has not changed the characteristics of financial risks that are hidden, contagious, extensive and sudden. Strengthening the supervision of Internet finance is an inherent requirement for promoting the healthy development of Internet finance.

At the same time, Internet finance is a new thing and an emerging business format, and moderately relaxed regulatory policies should be formulated to leave room and space for Internet financial innovation. Encourage innovation, strengthen supervision, support each other, promote the healthy development of Internet finance, and better serve the real economy. Internet financial supervision should follow the principles of "lawful supervision, appropriate supervision, classified supervision, coordinated supervision, and innovative supervision", scientifically and reasonably define the business boundaries and access conditions of various business formats, implement regulatory responsibilities, clarify the bottom line of risks, protect legitimate operations, and resolutely crack down on violations of laws and regulations.

Online lending includes personal online lending (i.e., P2P online lending) and online small loans. Personal online lending refers to direct lending between individuals through Internet platforms. Direct lending by personal online lending platforms falls within the scope of private lending, and is subject to laws and regulations such as the Contract Law, the General Principles of the Civil Law, and the relevant judicial interpretations of the Supreme People's Court.

Online micro-loans refer to the micro-loans provided by Internet companies to customers through the Internet through the microfinance companies controlled by them. Online microloans should comply with the current regulations of microfinance companies, give full play to the advantages of online loans, and strive to reduce customer financing costs. The online lending business is regulated by the China Banking Regulatory Commission.

In the supervision of online lending platforms, from the peak of five or six thousand to the end of June, only 29 were operating. The special rectification work may be basically completed by the end of the year, and it will be transferred to regular supervision.

Hello, dear, if you owe an online loan and have no money to repay, it is recommended to deal with it as follows:1If the interest fees charged by the online loan platform are within a reasonable range, and the borrower cannot afford not to repay it, he can try to borrow money from relatives and friends around him to repay it, and repay the online loan first, so as not to have serious adverse effects if it is overdue, and then repay it to relatives and friends when he has money in the future.

Alternatively, you can take the initiative to contact the customer service of the online loan platform to negotiate an extension of the repayment period and repay the arrears in installments, as long as the repayment is not intentionally overdue, the online loan platform will consider it as appropriate. 2.If you can't afford to repay the interest fees charged by the online lending platform because they are too high, you can choose not to repay the interest fees beyond the reasonable range, and you can also collect evidence to report to the local CBRC or the Internet Finance Association of China.

The Supreme People's Court clearly stipulates that the annualized interest rate of Xincha network loans shall not exceed 4 times of the LPR, which is also an illegal and criminal act in nature, and the principal and interest of the loan are not protected by law. 3. It should be noted that the longer the overdue time, the more penalty interest will be generated by the online loan. It is recommended not to borrow blindly and slip a big eggplant to avoid exceeding your repayment ability and not being able to repay.

Hope mine can help you! Have a great day, thank you! 