Should I repay the online loan? Does online lending have an impact on credit?

No matter which online platform we borrow from, we must repay the loan on time, otherwise we will not only face high interest compensation, but also may affect our credit report, and it will be difficult to borrow money later. You must know that the interest rate of online loans is relatively high, and there is a certain penalty interest, so we must pay off the loan within the specified time. <>

Now there are a lot of online loan platforms, and there are some online loans with a particularly low threshold, as long as you have a mobile phone number, you can get the money if you want to borrow money, but this kind of loan company is not very formal, the interest in it is very high, if you do not repay the money within the specified time, you will face high penalty interest compensation and interest compensation, overall it is not very cost-effective. No matter which online loan platform you borrow, you must return the money on time, and don't let this arrears affect your future life. <>

Now there are also some online loan platforms, they are associated with the credit report, once you do not repay the money within the specified time, your credit report will have this expected information on it, and will be blacklisted by the bank. If you want to borrow money again, it will be difficult to do so. And you must know that once you do not repay on time, you will also receive a collection reminder from the platform for you, and you may also receive a collection from a third party These collection companies are not very formal companies, and their means are sometimes relatively bad, so it is recommended that we repay the money regularly.

If you don't pay back the money you owe, the relevant loan platform may also file a lawsuit against you, and you will face both jail time and high penalty interest. We also need to repay this money after we get out of prison, so we must borrow within our means. Before borrowing, you must think about whether you can repay it, and if you can't pay it back, don't borrow the money.

Of course, if you owe an online loan, you have to pay it back, and it is natural to repay the money you owe. Online lending has an impact on credit. Because online loans are also on the credit report, once the arrears are overdue, there will be 5 points on the credit report.

Online loans must be repaid, and online loans have a very strong impact on credit, so you must abide by the system.

Of course, you need to repay, if you make sure that you can't take out a loan, it will affect your credit information, which will lead to your inability to take out a loan, and you will also be on the list of old men.

If the online loan is not repaid, it will lead to a bad personal credit record, which will affect your subsequent loan application, and after the online loan institution is overdue, the staff of the institution will also collect on you, and will collect it by letting the argument and text messages, which will affect your personal life.

Non-performing online loans usually refer to illegal usury and fraudulent online loans, etc., in which these online loan companies or individuals use high or fraudulent interest as bait to forcibly collect interest and principal by means of fraud and threats of violence, causing great economic losses and personal harm to borrowers. Here are some common types of non-performing online loans:

1.Usury: Loans that are higher than the market interest rate, usually with very high interest rates, sometimes as high as tens or even hundreds of percent per month, taking advantage of the borrower's psychology of being in urgent need of funds to obtain profits through unconventional means. Shirt liter.

2.Online lending: False** or illegal** companies publish false loan information to trick borrowers into paying deposits or other fees, and ultimately will not provide loan services or provide low-quality services.

3.Violent collection: Some unscrupulous online lending companies use violence, threats, intimidation and other means to collect money and illegally infringe on borrowers.

Failure to repay non-performing online loans will face serious consequences, such as debts will continue to grow on a rolling basis, and arrears may be acquired by hostile collection agencies, so that the amount of arrears will continue to increase. In addition, if a bad online loan violates laws and regulations, once it is punished by the regulatory authorities and the judicial department, it may affect the individual's credit record and even be held legally responsible. Therefore, bad online lending is a very high-risk financial behavior, and it is not recommended for anyone to try to borrow.

1) Penalty interest and liquidated damages.

If you don't repay the loan, the first thing you will encounter is a high penalty interest, and some financial institutions need you to pay a penalty on the basis of the penalty interest, which adds up to a lot of expenses, so you should develop good repayment habits.

2) Impaired 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.

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) Being 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) Being sued, 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.

Once the court has pronounced the verdict, you must enforce the "repayment award" even if you are 100 reluctant, otherwise, the court will seize the property in your name according to the law and use the auction proceeds to pay off the arrears.

5) If the circumstances are serious, they will be imprisoned.

Generally speaking, such incidents as non-repayment of borrowed money are civil disputes and do not rise to the criminal level. However, if the borrower refuses to enforce the law, he insists on being a liar, and would rather run away than repay the money, and if the circumstances are very bad, the court will also investigate the criminal responsibility of the borrower, and if it is too serious, he will go to prison.

If the online loan exceeds the fixed term and the arrears cannot be repaid, it will be about 2 months or half a year to be sued. Therefore, when you take out an online loan, you must borrow according to your actual repayment ability, otherwise you may be affected by high interest and other problems, and the more you delay the debt, the greater the pressure of debt. On the premise of the ability to repay, you must repay the loan in time.

Article 241 of the Civil Procedure Law: Where the person subject to enforcement fails to perform the obligations set forth in the legal document in accordance with the enforcement notice, he shall report on the current and the property situation of the year prior to the date of receipt of the enforcement notice. Where the person subject to enforcement refuses to report or makes a false report, the people's court may fine or detain the person subject to enforcement or his legally-designated person, the principal responsible person of the relevant unit, or the directly responsible personnel on the basis of the severity of the circumstances. Article 242:Where the person subject to enforcement fails to perform the obligations set forth in the legal document in accordance with the enforcement notice, the people's court has the right to inquire about the property of the person subject to enforcement, such as deposits, bonds, **, and **shares, from the relevant units.

The people's courts have the right to seize, freeze, transfer, or sell the property of the person subject to enforcement according to different circumstances. People's courts must not inquire about, seize, freeze, transfer, or sell property beyond the scope of the obligations that the person subject to enforcement shall perform.

1. If you don't repay the penalty interest and liquidated damages loan, you will first encounter high penalty interest. Some financial institutions require you to pay liquidated damages on top of penalty interest. These fees add up, but if you don't want to get bogged down in a loan, you can't help yourself, or develop good repayment habits.

If you borrow money from an online loan platform with damaged credit and fail to repay it within the time limit, your credit report will be stained, and it will be even more difficult to apply for a credit card and a loan in the future. Due to small profits, I missed my credit wealth, which is actually worth the loss. It is collected by various means, whether it is a bank or an online loan, it has its own collection system.

Beginners will send you text messages, call ** reminders, more serious, and even collectors will be forced 24 hours a day, seriously disrupting work and life, and ordinary people can't stand this kind of mental oppression. 4. If sued, the assets may be seized. Once the court has pronounced the judgment, you must enforce the repayment award even if you are not willing to do 100.

Otherwise, the court will seize the property in your name in accordance with the law and use the auction proceeds to pay off the arrears. 5. May face criminal liability. Generally speaking, borrowing money is not a civil dispute and does not rise to the level of criminality.

However, if the borrower refuses to enforce the law, resolutely behaves as a liar, and would rather run away than repay the money, the circumstances are very bad, and the court will also investigate the criminal responsibility of the borrower, and if it is too serious, he will go to prison.

Articles 961, 963, 387 and 680 of the Civil Code.

Articles 214 and 216 of the Civil Procedure Law.

Non-repayment of online loans will have the following effects in the future:

1.Impaired credit history: Outstanding online loans are reported to an individual's credit history, affecting an individual's credit score and credit history.

2.Increased difficulty in obtaining loans: When a damaged credit history occurs, borrowers are likely to face difficulties in obtaining loans, including rejections or high interest rates when applying for other loans, credit cards, and other financial products.

3.High penalty interest and late fees: Overdue online loans often incur high penalty interest and late fees, increasing the burden on borrowers.

4.Asset Recovery: Under the terms of the contract, the borrower's assets may be enforced to pay off outstanding debts after the commencement of legal proceedings.

5.Risk of legal action: The borrower's refusal to repay the debt may lead to the creditor taking legal action, including suing the borrower, further increasing legal disputes and financial stress.

Summary: Non-repayment of online loans can have a negative impact on one's credit history and may lead to increased difficulty in future borrowing, high penalty interest and late fees, asset recovery, and the risk of legal action.

Extended information: If the borrower does not repay the online loan, the borrower may be further harassed by the collection agency, including **bombing, door-to-door debt collection, etc. In addition, Chinese law stipulates that borrowers should repay their debts on time, and they may face legal liability for violating the terms of the contract.

Therefore, the borrower should try its best to fulfill its debts and negotiate with the creditor to resolve the repayment problem to avoid unnecessary consequences.

First of all, overdue online loans will also expose borrowers, their parents, relatives and friends to severe harassment by ** and text messages. Why do online lending platforms dare to lend you money? Do you have to fill in your own information when making an online loan, and authorize the online loan platform to obtain your address book and location in order to borrow money?

Therefore, once the online loan is overdue, the net.

Secondly, although most online lending platforms have various violations of laws and regulations, some online lending platforms belong to companies with some formal licenses and qualifications, so they will also report their loan records and overdue records to the central bank for credit investigation, which is a more serious problem. You must know that it is now a credit society, and the application of personal credit is still relatively widespread,..

Finally, even if the online lending platform cuts the interest or charges for various reasons, the principal and legal interest borrowed by the borrower are still protected by law. Therefore, the online loan platform can sue the borrower for repayment through the court, and the court will also recognize it. So, if a court summons is received, one.

It will be blacklisted, which will have an impact on the purchase of a house and a car with a loan, and in a more serious case, it will also affect the purchase of train tickets and plane tickets.

If it is a regular online loan, it may just go to court to sue you If it is a black online loan, it will be very troublesome, and it may be harassed every day, and it may also harass relatives and friends.

High penalty interest and liquidated damages;

impaired credit; being harassed by various means;

Serious circumstances can lead to jail time.

It's just that it's hard to deal with the bank in the future, and it doesn't matter otherwise, and it is impossible for him to appeal or sue you.

If you remember, you should hurry up and pay it back. If you don't pay it back, you may become a cheater and be included in the credit report. This will have a great impact on you in the future.

The consequences of not repaying online loans still depend on what kind of platform you are borrowing from. If it is a mortgage, then it will be frozen directly. If it is a formal platform, it will generally be ** collection, and then there will be door-to-door collection.

If you want to apply for a credit card, you can't get a credit card, and you can't get a loan online, so if you are a husband and wife, you have to bear it together.

If you remember, you should hurry up and give it back. If you don't pay it back, you can or may become a cheater and be included in the credit report. This will have a big impact on your future.

Loans are a common phenomenon in life, and overdue loans will inevitably occur. For many borrowers, it's not that they don't want to repay the money, but that life is really difficult, resulting in overdue loans. After the loan is overdue, the borrower will encounter other situations besides being collected.

What are the most serious consequences of non-repayment of online loans? Attention those who are still in arrears!

What are the most serious consequences of non-repayment of online loans?

Generally speaking, for short-term loan overdue, the lending institution will treat it as non-malicious overdue, and as long as the lender immediately repays all the arrears, the lender will no longer be held accountable and will not be on the credit report. Different lenders classify the overdue time of loans, and each institution has a different grasp of the time.

For long-term overdue behavior, the lending institution will classify the loan overdue as malicious overdue, and the loan will be classified as "bad debt". At this time, the lending institution will take various ways to collect the arrears, such as door-to-door collection, collection at the company, and even take the debtor to court.

For bank loans, the bank can sue after 90 days of overdue, and the loan owed to the bank is a loan contract dispute, regardless of the amount, the bank can go to the court to sue for recovery. If the bank still refuses to perform after the court judgment, the bank may apply to the court for compulsory enforcement. For small loans, the loan is generally overdue for more than half a year and may face lawsuits.

It is recommended that when you sign the loan contract, you should check the corresponding terms of the contract, pay attention to the monthly repayment time and the monthly repayment amount, make the repayment clear and clear to yourself, and you can also write down the messy data in your mobile phone memo, and set a date reminder so that you will not forget. You also need to pay careful attention to the clauses in the contract regarding penalty interest to see how penalty interest is charged.