There are several other situations of loan: 1 and 1 month, which will lead to penalty interest; 2, 1 month (more than 30 years), the bank will have SMS notification; 3. After more than 3 months (90 days), the bank will call or collect it at home; 4. After 6 months, the bank will send some subpoenas to the borrower's home. On the day of the court session, regardless of whether the borrower appears in court or not, the collateral originally mortgaged by the borrower to the bank will be frozen and then auctioned. The proceeds from the collateral auction will be used for repayment. If the auction proceeds are greater than the arrears (the amount that the borrower needs to pay = principal, interest, liquidated damages, late fees, attorney fees, etc.). ), then the excess will be returned to the borrower. However, there is little extra money. This answer comes from the lending platform, hope to adopt it!

Second, won't the repayment of the loan affect the family?

Under normal circumstances, non-repayment has nothing to do with the family, but it may affect the life of the family.

1. If everyone fails to repay the loan, the financial institution will definitely arrange staff to collect the loan. Generally speaking, phone calls and text messages are inevitable. In the process of financial institutions collecting loans, the normal life of everyone and their families will inevitably be disturbed.

2. In some lending institutions, if the borrower fails to repay the loan, it will affect the normal work and life of the borrowers and friends. In addition, things that people owe money and don't pay back will also make their families lose face.

3. If financial institutions are likely to include everyone in the "Lao Lai" that untrustworthy people are called by everyone, then their families will be in trouble because of the high-fee schools.

Extended data

First of all, if it is overdue, it will be a black account according to the length of time (more than 90 days), and no loan business can be handled before it is overdue. Secondly, there will be additional expenses such as liquidated damages and overdue interest. It is nothing new that the final interest is longer than the principal for a long time. 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

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

3. Property, vehicles, securities and deposits subject to enforcement.

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 it will be restricted from high consumption and entry and exit.

Third, what will happen to the money owed by online loans?

If you don't return it after borrowing it, it is overdue.

Once overdue, it will lead to the following serious consequences.

1, resulting in overdue charges.

After overdue, the system will charge a penalty interest, and the interest rate of the penalty interest will generally be higher than the agreed interest rate of the loan. If the loan is not repaid, the longer the overdue period, the more repayment, and the greater the repayment pressure.

2. Affect personal credit.

The platform will report the overdue situation to big data, resulting in personal credit damage; If the lending institution of online loan cooperation accesses the central bank's credit information system, the platform is likely to report the overdue situation to the central bank for credit information, leaving a bad record in the personal credit information report, which will affect personal credit information.

3. Subsequent credit is frozen.

Because most of the information between online loans is interoperable, and then go to other platforms to handle online loans, once the platform finds bad records in big data, it is likely to refuse to approve loans; In addition, if the credit report is overdue, then going to a bank or other licensed consumer finance company to handle credit business will also be hindered by credit problems.

In order to maintain a good credit record, we should also pay attention to our online loan big data in time. You can click on the query in "Xiaoqi Credit Information" to view our own online loan big data report and keep good credit at all times.

Extended data:

What are the final consequences of not paying back online loans?

If the online loan is not repaid, it will have the following consequences.

1. From the overdue date, the platform will collect overdue penalty interest on a daily basis until it is fully paid off, and the overdue penalty interest rate will generally be higher than the normal loan interest rate.

The longer the overdue period, the more penalty interest will be generated, and the more money to be repaid at that time, the greater the repayment pressure.

2. Overdue cases will be reported to big data by the system, leaving bad records, damaging personal credit and hindering subsequent loans.

I am afraid that only by paying off overdue debts and repairing damaged credit can we borrow new loans smoothly.

3. The platform will continue to send text messages, calling for collection. If I can't reach myself, I'll call the emergency contact.

Moreover, some platforms have obtained address book information, and it is estimated that they will call relatives and friends in the address book.

4. If the overdue time exceeds three months, the platform has the right.

If the arrears have not been repaid, and the amount of arrears is large and the circumstances are serious, if the platform can't contact anyone, then it may be sued.