1. overdue interest and liquidated damages: failure to repay online loans on time will lead to the accumulation of overdue interest and liquidated damages. These extra expenses will increase the debt burden.
2. Negative credit record: overdue online loans may be reported by credit reporting agencies, which will have a negative impact on personal credit records. This may affect the approval results of applying for loans, credit cards or other financial services in the future.
3. Collection action: When the borrower fails to repay the online loan, the creditor can take collection action. This may include telephone collection, door-to-door collection or entrusting a third-party company to collect money.
4. Lawsuits and legal disputes: If creditors cannot recover their debts through collection, they can bring a lawsuit to the court through legal channels. If the judgment finds that the debt exists, it should be repaid, and the borrower needs to bear further legal disputes and possible legal expenses.
5. Collateral seized or recovered: If the online loan is a mortgage loan, the debtor's failure to repay may lead to the seizure, recovery or auction of the collateral.
Summary: Failure to repay the loan owed may lead to overdue interest, negative credit records, collection actions, lawsuits and legal disputes, and seizure or recovery of collateral. In order to avoid these consequences, borrowers should communicate with creditors in time and seek solutions, such as adjusting repayment plans or seeking the support of help institutions. Please note that this answer is only based on the general situation and does not represent the legal opinion of a specific case.