What to do if you can’t repay your online loan? The best solution is

1. Actively contact the platform after making up the debt: not all overdue payments will be immediately displayed on the personal credit report , some platforms will have a waiting period of a few days, and some will only report overdue records to the central bank's credit center next month, so if you find it is overdue, contact the online lending platform as soon as possible and try to solve the problem before reporting;

2. For loans with interest exceeding the regulations, choose legal processing methods: According to national regulations, the comprehensive interest rate of any loan cannot exceed 36, so if the user’s loan exceeds the regulations, it can be legally To protect yourself, users who exceed the regulations do not need to return;

3. Find ways to raise funds: You can borrow money from relatives and friends. If you can't borrow it, then comrades who are not unemployed can rest assured. If you are working or unemployed, actively look for a job or find a good way to make money, but do not take the path of breaking the law. There is no rush to repay online loans. The state will protect your personal safety from infringement;

4. Reasonably return your own funds for repayment: As long as the user has a certain income, then by paying back some loans every month, you can gradually increase your The loan is almost paid back. Users should also make reasonable plans when making repayments. First plan loans with higher interest rates, and then make repayments with greater financial pressure.

What are the consequences of owing money on an online loan?

1. High interest and corresponding liquidated damages.

2. Your credit will be damaged, affecting future credit card applications and loans.

3. If an online lending institution sues the court for repayment, and the borrower still refuses to perform the repayment after the court orders it, it may apply for compulsory execution.

Warm reminder: Paying back debts is a matter of course. Regardless of whether you are in financial difficulty, you must repay the loan. If you owe a lot of online loans, the best way is not to fail to repay them overdue, but to pay them off as soon as possible, so as to reduce expenses. The above methods are the best ways to deal with too much online loan debt. Anyone in need can refer to it! The best way to deal with the inability to repay an online loan

The best way to deal with the inability to repay an online loan: You can actively negotiate with the lending platform to see whether it can be repaid in installments. In addition, overdue online loans will incur corresponding fees. For overdue fees, different online loan platforms have different names and charging standards. Overdue loans on online loan platforms will be recorded in the People's Bank of China's credit reporting system just like overdue bank loans and credit cards, causing credit stains.

1. On the premise that it is possible to repay the principal, you can first try to negotiate repayment with the lending institution.

2. If the overdue loan will be subject to a credit report, then do your best to pay it back first. It is recommended to confess to your family and face it together. Be sure to confess all your debts and pay off all you can.

3. Don’t stop borrowing money, and then find a job and go to work with peace of mind. Resist the pressure and use the money you earn to fill the debt hole.

1. Stop using loans to support loans. When many users are unable to repay the loan after borrowing, they will resort to using loans to finance the loans. This approach is actually very undesirable. It will only make everyone further and further away from the road of paying off the loan. Therefore, if there is a situation where loans are used to support loans, it must be stopped immediately.

2. Sort out your debts. When owing multiple online loans, borrowers need to face their debts bravely and be sure to clearly understand their debts. When sorting out debts, they should pay attention to repaying debts with high credit and interest in advance and make repayment plans. plan. At the same time, pay attention to whether there are irregular interest rates on the loan platform. If there are illegal or non-compliant interest rates, the borrower can refuse to accept repayment.

3. Negotiate with the loan platform. In the case of large arrears, if the borrower cannot repay the arrears within the specified period, he or she can try to negotiate with the lending institution to postpone the repayment or waive part of the loan interest. Generally, the lending institution will consider the actual situation of the borrower. , lending institutions will usually agree to negotiate in order to be able to recover the borrowed funds.

4. Ask relatives and friends to borrow money to repay the debt.

If you are unable to pay off the debt in a short period of time on your own, it is best to borrow money from relatives and friends around you first, pay off the debt on the online loan platform, and then slowly pay back the money to relatives and friends. Pay it off early to avoid incurring more loan interest charges. The best way to deal with overdue online loans

1. Say hello to your address book friends in advance. Instead of letting the debt collection agent embarrass you in front of your address book friends, it is better to confess it yourself and tell your friends not to answer unknown calls. This can also prevent your address book friends from being inexplicably debt collection.

2. Internal complaints. Submit the evidence of violent collection to the platform’s customer service staff to see how the platform will deal with it internally. If the collection can be stopped, it might be a solution.

3. Strive for time to delay repayment with the platform customer service. We can complain internally and ask customer service for a delay in repayment at the same time. Common sayings include: If the work continues like this, I can’t afford to lose even a penny.

4. Collect evidence of violent debt collection and other illegal operations on the platform. Although the efficiency of resolving matters through third-party complaints is very slow, Kui Chan cannot take the initiative to give up the method of safeguarding rights. As long as he persists in complaining, there will be results one day.

5. Be honest with your family. After confessing, we can make two preparations. On the one hand, we can let family members change their numbers to avoid having their lives disrupted by endless debt collection. On the other hand, if the family conditions are not bad and the family is willing to help with the repayment, we can also negotiate with the debt collector to pay less money.

Once the borrower fails to pay the overdue online loan, the collection staff will use this to blackmail the borrower into repaying. If the borrower does not repay, they will harass the contacts in the address book, which is a serious matter. Some even threatened to send P-pictures in groups. Many borrowers would not be able to accept such consequences. The above methods can minimize the damage.

In addition, some people may not believe that Cong Chen went to the police for violent debt collection, but the legal basis for this matter is: Article 42 of the "Public Security Management Punishment Law" Penalties for "interfering with the normal life of others" are provided.

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