The result of
1, late fee
Basically, every credit product, as long as it fails to repay within the time limit, needs to pay liquidated damages. Each online lending institution has different requirements, and it is also overdue by 10,000. Some institutions may be fined several yuan a day, while others may be fined several hundred yuan a day. Therefore, it is recommended that you repay in time to avoid overdue, otherwise the principal and interest penalty interest will be quite expensive.
2. Bad credit
At present, many online loans have begun to collect credit information one after another, or authorize institutions such as Sesame Branch and People's Credit Information. In short, in the era of big data, your loan application records, breach of contract and credit details can be found. Once it is overdue, it will eventually suffer. When you encounter financial problems, you can no longer borrow money by credit, so you can only choose mortgage or credit card TX, which is very troublesome.
If you leave a bad record in the central bank's credit report, buying a car and buying a house will be affected in the future, and the amount will be reduced, and the expenses will rise in proportion, which is not worth the candle.
3. Facing all kinds of fancy collections
Generally, on the first day in loans overdue, the loan platform will start dunning. First of all, it must be a telephone message. The collection stage of telephone messages is long and violent. In the early stage, it may just be a phone message reminder. If there is no repayment after collection, the collection platform will directly explode the address book.
4. Being sued by the platform
Under normal circumstances, after the online loan is overdue, the platform will urge the user by SMS, telephone, etc. If the user refuses to pay back the money, the platform will go to court to sue the user. If the bank decides to force repayment and the user still fails to repay according to the court's requirements, he needs to bear criminal responsibility.
(1) What should I do if the online loan is overdue? Let's try these methods.
1. If it is possible to repay the principal, you can try to negotiate repayment with the lending institution first. If the overdue loan is reported at the meeting, try to pay it back first. It is recommended to confess with your family and face it together. Be sure to confess all your debts and pay off whatever you can. Don't borrow any more money, then find a job and go to work with peace of mind. Resist the pressure and fill the hole in debt with the money earned.