If the money owed to the small loan is not repaid, will the interest continue to roll over?

Yes, it is advisable to repay it clearly as soon as possible.

Causing a serious 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.

3. The People's Bank of China's credit investigation is stained.

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.

Yes, if you don't pay back the money you owe to a small loan, the interest will keep rolling over. Here are the specific instructions:

1.Interest accrual: Interest will accrue on the outstanding borrowed amount, and interest will accumulate over time. This means that every day, week, or month, new interest will be added to the original borrowed amount.

2.Rolling Interest Calculation: Usually, a microfinance company will calculate interest based on the balance of the money you owe. At the end of each loan maturity, interest on the outstanding portion is added to the outstanding principal amount and new interest continues to accrue.

3.Interest compounding effect: Since each outstanding borrowed amount generates new interest, interest also accrues in the same way. This creates a compounding effect that causes the outstanding debt to grow rapidly.

Summary: Outstanding microcredit debt can lead to interest accumulation and rollover effects, resulting in an ever-increasing amount of debt. Therefore, paying off your debts as early as possible is the best way to avoid interest accumulation.

Extended information: Microfinance companies usually detail the interest calculation method and repayment terms in the loan contract, so it is recommended to read the contract carefully and communicate with the borrowing institution to understand the specific interest calculation and repayment arrangement. If you are experiencing difficulties in repayment, early consultation with a microfinance company may help you develop an appropriate repayment plan or seek other solutions.

Legal Analysis: It will always be calculated. Loan overdue interest refers to the interest fee charged by the lender when the borrower fails to repay the arrears in time after the repayment period of the loan business applied for. Therefore, as long as the money is not repaid, the overdue interest will be calculated all the time.

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

Article 673: If the borrower fails to use the loan in accordance with the agreed purpose of the loan, the lender may stop disbursing the loan, withdraw the loan in advance, or terminate the contract.

Article 674:The borrower shall pay interest within the agreed time limit. Where there is no agreement on the time limit for the payment of interest or the agreement is not clear, and it is still uncertain in accordance with the provisions of Article 510 of this Law, and the loan period is less than one year, it shall be paid together with the return of the loan; If the loan period is more than one year, it shall be paid at the end of each year, and if the remaining period is less than one year, it shall be paid together with the return of the loan.

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.

Legal Analysis: Of course, the money owed to the bank must be repaid. Otherwise, the bank will sue the debtor, and if it does not repay, it will affect the debtor's credit information.

Legal basis: Article 42 of the Commercial Bank Law of the People's Republic of China The borrower shall repay the principal and interest of the loan on time.

If the borrower fails to repay the secured loan when due, the commercial bank shall have the right to require the guarantor to repay the principal and interest of the loan or to be repaid in priority with respect to the collateral in accordance with law. The immovable property or equity acquired by a commercial bank as a result of exercising the mortgage or pledge right shall be disposed of within two years from the date of acquisition.

If the borrower fails to repay the credit loan when due, it shall bear responsibility in accordance with the contract.

The loan is not repaid, and the interest has been rolling in. Each year's outstanding interest rolls over to the principal and continues to accrue interest as the following year's principal.

1. The legal provisions for non-payment of arrears.

Arrears must be paid off. If the repayment is still not made by the corresponding repayment date, the debtor needs to bear the corresponding liability for breach of contract and pay a late fee. The ultimate debtor may be liable for liquidated damages other than principal and interest.

If the creditor still fails to repay the debt after suing the court, it may affect the debtor's credit and be included in the "blacklist".

2. What happens if the credit card is overdue?

Consequences of overdue credit cards:

1. High interest will be generated, and if you do not repay it within a certain period of time, the bank will sue;

2. If the plaintiff sues for overdue repayment, the court shall judge the cause and effect of the matter, and if the other party wins the lawsuit, it will make a judgment to repay the principal and pay the interest on overdue repayment, and if there is an agreement on liquidated damages, it will also bear liquidated damages. If the agreed liquidated damages are lower than the losses caused, the parties may request the people's court or arbitration institution to increase them.

3. What are the legal consequences of borrowing money and not repaying it?

The legal consequences of not repaying the borrowed money are:

1. If the repayment is not made by the date of repayment, if the corresponding liability for breach of contract is stipulated in the IOU, such as late payment fees, the final debtor may have to bear liquidated damages other than principal and interest.

2. If the creditor sues the court and the judgment makes you still not repay, it may affect the debtor's credit and be blacklisted. This will cause inconvenience to the debtor in his future life such as loans and travel.

Civil Code of the People's Republic of China

Article 673: If the borrower fails to use the loan in accordance with the agreed purpose of the loan, the lender may stop disbursing the loan, withdraw the loan in advance, or terminate the contract.

Article 674:The borrower shall pay interest within the agreed time limit. Where there is no agreement on the time limit for the payment of interest or the agreement is not clear, and it is still uncertain in accordance with the provisions of Article 510 of this Law, and the loan period is less than one year, it shall be paid together with the return of the loan; If the loan period is more than one year, it shall be paid at the end of each year, and if the remaining period is less than one year, it shall be paid together with the return of the loan.

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.

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

Article 673: If the borrower fails to use the loan in accordance with the agreed purpose of the loan, the lender may stop disbursing the loan, withdraw the loan in advance, or terminate the contract.

Article 674:The borrower shall pay interest within the agreed time limit. Where there is no agreement on the time limit for the payment of interest or the agreement is not clear, and it is still uncertain in accordance with the provisions of Article 510 of this Law, and the loan period is less than one year, it shall be paid together with the return of the loan; If the loan period is more than one year, it shall be paid at the end of each year, and if the remaining period is less than one year, it shall be paid together with the return of the loan.

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