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The consequences of Weibo's non-repayment
Legal Analysis: Consequences of Weibo's non-repayment: Weibo borrows money through p2p peer-to-peer lending platform, and the loan is not affected by high overdue, collection, credit stain, litigation and other adverse consequences. First, bear high overdue fees. Second, undertake the fancy collection of the platform. Third, the People's Bank of China is tainted. If the online loan platform fails to repay the loan within the time limit, it will be recorded in the credit information system of the People's Bank of China like bank loans and credit cards, resulting in credit stains. Fourth, the defendant went to court.

Legal basis: Article 676 of the Civil Code of People's Republic of China (PRC). If the borrower fails to repay the loan within the agreed time limit, it shall pay overdue interest in accordance with the agreement or relevant state regulations.