Many people turn to online lending institutions to apply for loans because their conditions do not meet the requirements of bank loans. Some people think that the audit of online lending institutions is not strict enough, and loans without credit cannot be repaid. So, what is the result of late payment? Come and have a look with me.

I. Loans without credit reporting

1. In fact, whether it is a bank or an online lending platform, even if there is no credit report, as long as you don't repay in time or default, your life will be greatly affected.

The personal credit report can be said to be our second ID card. Once there is a personal credit overdue record, your loan interest rate in banks and other financial institutions will increase. Some serious banks will not give loans, nor will they directly handle credit cards. Once overdue, they will form a credit stain.

3. Even if you don't have credit information, there will be a third-party credit information platform to collect your excuse information. Once the third-party platform collects a large amount of repayment and loan application data, many institutions will review your information and also inquire and evaluate it.

Second, the result of overdue payment.

1. If you are overdue in a lending institution, your credit report may not be polluted, but the third-party credit platform will record your overdue. Then if you want a loan in the future, you are likely to be rejected.

2, and once overdue, you will not only have to pay a high penalty or default interest, but even face prosecution. If you lose the case, you will not only have to pay liquidated damages and other expenses, but also bear the legal fees and attorney fees of both parties.

3. General loans will leave personal information. Once the customer service is overdue, you will call the reminder. If you can't get it back, someone from the outsourcing company will say hello to you, so what will happen is unpredictable.

4, some will call your relatives and friends, not only lose face. Moreover, in the future, if you have difficulties and want to borrow money from others, it is not necessarily that someone will lend you money.

Editor's summary: Can't the loan be repaid? As well as the results of overdue payment, I believe everyone will understand after reading the article. I hope everyone can keep good credit and repay what they borrowed, because it is very important to accumulate credit.