Can I not repay the money from Fenqile?

Of course, I can’t not repay the money from the loan platform. If you don't repay the money from the loan platform, there will be an overdue record on your credit report, you will not be able to apply for loans in the future, and you will also be restricted from spending too much.

Failure to repay the loan will have many consequences.

Late in arrears after the loan is due; fail to repay due to financial constraints; hide in Tibet and fail to repay debts. Applicants for the above behaviors must bear certain consequences!

1. Personal credit report will be affected

Not having to pay penalty interest for owing money is only the first step. The applicant's personal credit report will also be affected later. We all know that we attach great importance to the construction of the credit system and are vigorously building credit. The credit information system in various regions, departments, and fields is gradually being implemented. Various disciplinary and incentive measures are also continuously improved and improved. Personal credit is in will play an increasingly important role in future life.

If the applicant fails to repay the loan, the credit "stain" will be left on the applicant's personal credit report, and future applications for loans and credit cards will be blocked. In addition, some friends think that it is better to apply for loans from some small loan companies that do not have credit reports, so that others cannot check their credit reports. For friends who have this idea, I would like to say that they are taking it for granted.

Many financial institutions now have access to data from third-party credit reporting companies, and applicants’ loan data, shopping data, credit card repayment data and other information on other platforms can be easily retrieved. , once you are on the exclusive "blacklist" system of a small loan company, as long as one family refuses a loan, every family will refuse a loan, and it will be impossible to get a loan in the future.

2. Receive frequent collections

There are three ways to collect loans: text messages, phone calls, and door-to-door visits. When you are in arrears in the early stage, the salesperson of the small loan company will kindly remind you through text messages or phone calls: It is time to pay back the money. But in the later stage, if the small loan company reminds you and urges you to repay the money again and again, but the applicant is still indifferent, then they may send a group text message to let the applicant's relatives and friends know that you borrowed money outside and never paid it back. , causing the applicant's reputation to be damaged.

In addition, some small loan companies ask borrowers to fill in at least a few close contacts when filling out loan information, such as the applicant's parents, relatives, friends, colleagues, etc. The applicant is required to authorize the reading of the mobile phone address book and the communication records of the operator's online business hall. When the applicant fails to pay the money, not only may you be "bombarded with phone calls", but even family and friends around the applicant may also receive harassment, which will seriously disrupt the lives of you and your family.

3. Incurring penalty interest and liquidated damages

No matter where the applicant applies for a small loan, he will sign a corresponding loan contract with the borrowing institution. Since the contract is signed, Of course, you must act in accordance with the contract and fulfill your repayment obligations. Once the contract expires and the applicant fails to repay the money he owes, the first thing the applicant will encounter is penalty interest, and some institutions will also charge a certain amount of liquidated damages according to the contract content. If the applicant still does not repay the money, then As time goes by, the applicant's penalty interest will be more and more, and the applicant will be under increasing pressure to repay in the future!

In addition, if the applicant still does not repay the money, the debt collectors may come to your home to collect debts or the company where you work to collect debts. In this way, the applicant's job may not be guaranteed. , the gain outweighs the loss!

In addition, if the applicant has a very bad attitude during debt collection and engages in some rogue behavior such as insulting and beating the debt collector, then you will have ruined the room for negotiation with the small loan company and pushed yourself closer. dead end! Therefore, when the debt is not repaid, the applicant should also correct his attitude and actively negotiate with the small loan company to solve the problem, so that he may be able to obtain a grace period.

4. Sued by the court

After a series of collection activities, if the financial institution finds that the collection has been fruitless, they may file a lawsuit in court and use legal means to recover. To repay the loan, during this period the applicant may receive reminder letters, execution documents, etc. from the court. Once the court pronounces the judgment, even if the applicant is 100 unwilling, the repayment ruling must be implemented, otherwise the court will inquire The applicant's property may be frozen and seized, sealed in accordance with the law, or auctioned. In short, all the applicant's property will be used to repay the debt.

5. In serious cases, you may be imprisoned

Generally speaking, non-payment of money is a civil dispute, but if the borrower refuses to execute the judgment after the court execution judgment is issued, , resolutely denying it to death, and acting as a deadbeat, that is another matter. The court will pursue criminal prosecution, and if the circumstances are serious, you may be jailed. If things evolve to this point, it will be tragic.

However, generally speaking, only malicious debts may be subject to criminal liability. Generally, non-malicious debts will not involve imprisonment. However, for borrowers, not only is it not good for them to owe money, but it will also affect their family and friends. It is really not worth it. Go borrow money. Is it possible not to repay the installment loan?

It is not possible to pay back the installment loan.

Notes on online loan repayment:

1. In order not to affect future bank-related credit business, especially the credit check for online loans applied for, there have been recent purchases of houses, For those who need to buy a car, we must issue a loan settlement certificate.

There are two specific methods. One is to log in to the online loan platform account, click on the loan you are handling, and see if there is an electronic version of the loan settlement certificate. If so, download it to your mobile phone and save it. stand up.

The second is to call the service hotline of the online loan platform, contact customer service and ask them to help issue an online loan settlement certificate. If it is an electronic version, ask them to send it to your email. It is a paper version and they can be mailed to their address.

2. Cancel the online loan account. When borrowing on the online loan platform, you must fill in personal information, including ID card, bank card, mobile phone number, etc. Once filled in, the possibility of information being leaked cannot be avoided, so Remember to cancel the account after paying off the loan.

3. Reasonably controlling consumption desires is one of the ways we can lead to a better life. It is good to not be exposed to loan products, but if we have been exposed, then we must be clear about how to repay online loans and what to pay attention to when repaying. It is the safest way to understand the relevant laws and regulations when repaying your loan on time and not to be a borrower who is deceived. If I owe money in installments, can I choose not to pay it back?

To survive in this society, many people will encounter times when they are short of money. Perhaps in the past, most people would choose to turn to their relatives and friends for help. But as banks gradually liberalize loans and issue credit cards, when they need emergency services, most people will still choose to borrow money from banks or simply use their own credit cards. However, whether you are applying for a credit card or a loan from a bank, you need to go through strict approval procedures. With the popularity of the Internet and smartphones, major loan software has also appeared in our lives.

Can Fenqile choose not to repay the money owed?

Nowadays, there are many mobile phone software that have introduced the concept of advanced consumption, followed by many loan software. After some people borrowed money, they found that they did not have enough ability to repay it. Some people find that the interest rate for repayment is relatively high after borrowing money, so they simply choose not to repay it. The installment music will connect the personal credit of some users to the credit report. If after borrowing money, the money is not repaid overdue, there will be considerable threats and damage to the personal credit report.

What are the consequences of not repaying the money

If you borrow money from Qianqinle and do not repay the money on time, there will still be some consequences.

Of course, the most serious consequence is that personal credit is affected, which will have an impact on subsequent loans to buy a house or a car, and the loan will be rejected. In addition to the impact on your credit report, during the process of registering for Fenqile software, the system will have permission to query the borrower's address book. If the loan is still not repaid after the due date, the company will urge and urge the borrower, or contact his relatives and friends according to the contact information in the address book.

Try not to spend too much in advance

In fact, most people who take out loans through mobile apps are paying for their own excessive consumption, so in daily life, try not to spend in advance. . If you encounter some difficulties in life and urgently need some funds for turnover, you can borrow money through these loans, but you must also pay them back on time. Nowadays, many young people use their personal credit records to pay for their excessive consumption. Such a harm is really not worth the gain.

Nowadays, our country is actually quite disgusted and resistant to excessive consumption. In particular, these excessive consumptions often target many young people, and the main harmful groups are concentrated on college students. These college students do not have the ability to repay, so after taking out a loan, especially when they are unable to repay on time, their credit score will be affected. Can I pay back the installment loan?

After using the installment loan, you must return it on time. Otherwise, penalty interest will be incurred if it is overdue. At the same time, the overdue record will be uploaded to the credit report center. A bad personal credit report will affect the processing of various loans in the future. , such as car loans or home loans.

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Therefore, after using installment music, do not think about not returning it, but return it in time according to regulations. Never think about not paying it back.

Take Fenqile version 6.14.1, Apple 13 (IOS15.3.1 system), and Huawei mate40 (HarmonyOS2 system) as examples. Fenqile is a domestic financial service platform that provides installment consumption for young people. It belongs to Shenzhen Fenqile Network Technology Co., Ltd. was established in October 2013. After users open Fenqile, different users will get different credit limits. Generally, users with higher comprehensive evaluation can get higher credit limits.

In order to avoid not being able to repay the loan on time, when using Fenqile to apply for a loan, you must measure your repayment ability and know what aspect of income to use for repayment. If your personal income is not a lot, you should be cautious when borrowing money. If your personal income is relatively large, you can borrow money with confidence.