Theoretically, it should be repaid, but this is a regular loan, and there are many people who don't repay it online. Most people are under pressure not to pay back the money, and the other party can't help it. According to the law, the annual interest rate within 24% to 36% belongs to the capital preservation part, while the loan treasure can reach 30% in 7 days, which is obviously illegal. Even if you go to court, you can refuse to pay the excess.

1, theory and practice

Theoretically, it is right to pay back the debt, but the nature of the loan treasure is somewhat different. Borrowing a loan for seven days is a routine loan, which can also be understood as usury, and the weekly interest can reach 30%. Another problem with this loan is that the actual loan and the digital loan are not unified. If it shows 3000, it may actually be only over 2000. According to the Provisions on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases, both parties agree that the annual interest rate shall not exceed 24%, and interest shall be paid as agreed; If the annual interest rate exceeds 36%, it will be invalid if it exceeds the interest. In this case, there are many people who don't pay back the money.

2, the impact of not paying back the money

There are three main effects of not paying back the loan for seven days. First, the address book was exploded seven days later, that is, calling yourself or the related phone that has been submitted every day; Second, it is not illegal to be sued for usury in a certain sense, and we need to repay the legitimate principal and interest; The third is to affect credit reporting. Borrowing money directly for credit investigation now may affect personal credit. However, you don't have to worry about borrowing for seven days, and you won't participate in the credit investigation if it doesn't involve offline lending transactions. Judging from the available information, there are many people who don't pay back the money and there is no actual loss.

3. Not recommended

Although Lending Bao's 7-day loan is not compliant and there are many cases of not paying back the money, it is still not recommended for ordinary people to try. If the other party chooses to sue, it will inevitably go to court. Even if the annual interest rate is 24% or 36%, most people can't afford it. In addition, even if you have no money, don't approach this kind of loan, which will ultimately affect not only yourself, but also our family. Maintaining good credit is a guarantee for yourself and your family.

Generally speaking, the following principles should be followed in dealing with private lending disputes:

(1) When the people's court examines and prosecutes a loan dispute case, it requires the plaintiff to provide a written iou; If there is no written receipt or it cannot be provided, it shall provide the necessary factual basis or the testimony of two or more witnesses who have no interest in it to support its claim.

(2) The interest rate of private lending may be appropriately higher than the bank interest rate, but it shall not exceed 4 times the market quotation of one-year loan at the time of the establishment of the contract. If it exceeds this limit, the excess interest shall not be protected according to law.

Therefore, if there is a creditor-debtor relationship between the two parties, the debtor is judged to perform the debt, and if there is no creditor-debtor relationship, the litigation request is rejected.