Under normal circumstances, the failure to repay the loan has nothing to do with the family, but it may affect the life of the family.

1. If everyone can't repay the loan, the financial institution will definitely arrange staff to collect the loan. Generally speaking, telephone, SMS, door-to-door collection and other methods are inevitable. In the process of financial institutions collecting loans, the normal life of everyone and their families will inevitably be disturbed.

Some lending institutions will call the borrower's family and friends when the borrower's loan is not repaid. In this way, the normal work and life of family and friends will be affected. In addition, people who owe money and don't pay it back will also make their families lose face.

3. If the financial institution takes the borrower to court, it is very likely that everyone will be included in the list of untrustworthy people. Once everyone becomes the "Lao Lai" that everyone shouts, then the family will be dragged into trouble, because the children of "Lao Lai" can't go to high-fee schools.

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First of all, if it is overdue, it will affect your credit information according to the length of time. If it is seriously overdue (more than 90 days), the credit investigation is a black account, and you can't apply for any loan business before paying it off. Secondly, it will cause additional expenses such as liquidated damages and overdue interest. Long-term overdue is nothing new, and the final interest is greater than the principal. Please be careful.

What are the consequences of the loan money?

1. If it is really unable to repay, it shall negotiate with the lending institution to extend the repayment period or repay by installments.

2. If the lender fails to perform the judgment within the performance period after winning the case, it will apply for enforcement.

3. When compulsory execution is accepted, the lender's property, vehicles, securities and deposits will be inquired according to law.

4. If the lender has no property to enforce and refuses to perform the effective judgment, negative information such as overdue repayment will be recorded in the personal credit report, and will be restricted from high consumption and entry and exit, and may even be punished by judicial custody.

Isn't there any consequence of the loan?

The consequences of not repaying the loan at maturity are as follows:

1. First of all, if the loan is not repaid, a bad credit record will be generated, which will affect other credit businesses in the future.

2. Lending institutions will charge overdue penalty interest and liquidated damages. The longer they are overdue, the more money they have to pay.

3. If the overdue period is long and the amount is large, loans can also be made by lending institutions. If you still don't pay back the money after the verdict, you will be included in the "list of untrustworthy people" and you will not be able to take the high-speed rail or plane.

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How can I negotiate successfully with the bank?

Users who want to negotiate with the bank for successful repayment must take the initiative to contact the bank after loans overdue to show that they are not maliciously overdue. After that, the user submits the repayment application through negotiation. During this period, it is best to submit some supporting materials, such as unemployment certificate, subsistence allowance, medical records of major cases, disability certificate, etc. , which can help users negotiate successfully.

The user is not maliciously overdue, and there are sufficient proof materials to prove that his repayment ability is insufficient. The bank will consider it as appropriate, and the probability of successful negotiation will increase. The user's loans overdue is not paid back, and the subsequent banks need to deal with bad debts, so all the losses need to be borne by the banks. Users are willing to repay, but they just need to postpone the repayment time, and the bank will definitely be willing to give convenience.

Of course, users are often overdue or have been listed as risk customers by banks. At this time, there is a high probability that applying for negotiated repayment will fail. Even if the user has made sufficient preparations for the negotiation, it is possible that the negotiation will eventually fail.

What will happen if the loan is not paid?

If the online loan is overdue, it will have the following adverse consequences:

1. Default interest will be charged from the overdue date until all arrears are paid off, and the default interest rate charged by some platforms will be higher than the normal loan interest rate. The longer the overdue period, the greater the repayment pressure will be.

2. The platform will report the overdue situation to big data or the central bank's credit report, leaving bad records in it, which will lead to personal credit damage (generally, it will take at least five years to delete the overdue bad records after the arrears are paid off).

3. The system freezes the loan amount so that it can no longer be lent; Moreover, due to credit problems, borrowing from other financial institutions may be hindered, and it may be difficult to successfully handle it in a short time.

4. Send text messages and call for dunning from time to time. If it is not returned after repeated dunning, some people may arrange for relevant personnel to come to the door to make dunning, while others may take legal measures to repay the loan as soon as possible by bringing a lawsuit to the court.

You can get a big data report in Winnie Hsin, find out your overdue records, and divide your online loans into formal and informal, credit seeking and credit seeking. If you want to pay back the money but don't have enough funds, then negotiate with the online lending platform, give priority to formal credit investigation, and minimize the impact on yourself.

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What will happen if the online loan has been unavailable?

If the online loan has not been repaid, it will have the following adverse consequences:

1. The penalty interest will be charged from the overdue date until all the arrears are paid off. The longer the overdue period, the more accumulated penalty interest (note that the overdue penalty interest rate charged by some online loans will be higher than the normal loan interest rate).

2. The system will report the overdue situation to big data, and some online loans will access the central bank's credit information, so it will also be reported to the central bank's credit information, leaving a bad record in it, which will lead to the damage of personal credit information.

3. The platform will send text messages and call for dunning. If there is no response to the text message and phone call, relevant personnel may be arranged to come to the door for dunning, and even a lawsuit may be filed.

4. Due to the credit problem, the subsequent handling of credit business will be hindered, and it will be difficult to successfully handle it in a short time.

Therefore, it is recommended that you always remember to repay the loan on time after borrowing it, and never fail to pay it back after the deadline. Of course, if the interest fees charged by online loans are too high, you can choose not to repay the interest fees beyond a reasonable range.