If the money station has no money to repay after three years overdue, it can negotiate with creditors to repay by installments, postpone repayment or reduce debts. The details are as follows:
1. If the overdue amount is small, the arrears should be repaid as soon as possible;
2. If the overdue amount is relatively large and cannot be repaid in a short time, you can take the initiative to contact the bank, explain the reasons for the overdue and your own situation, and provide relevant information to prove it, and then apply for deferred repayment or installment repayment.
The money station is three years overdue and there is no money. Creditors will make effective collection after the lender is overdue. If it fails, the creditor will pay the lender, and the lender will not only bear the fine, but also bear the criminal responsibility. If the lender refuses to obey after the judgment, it will be enforced.
People's Republic of China (PRC) Civil Procedure Law
Article 224
The property part of legally effective civil judgments and rulings and criminal judgments and rulings shall be executed by the people of first instance or the people of the place where the property is executed at the same level as the people of first instance. Other legal documents required by law to be executed by the person subjected to execution shall be executed by the person subjected to execution at the domicile of the person subjected to execution or the place where the property subjected to execution is located.
What should I do if the money station is overdue?
This is a private loan, and the accident is civil and will not become a criminal case, so it is generally not going to jail. Some large and intentional long-term overdue may be subject to.
According to the laws of China, if the annual interest rate exceeds 36%, the excess will not be protected by law.
In fact, cash lending platforms that break through the red line of 36% annual interest rate are widespread. Many platform cash loans do not prompt the annualized interest rate, and most of them are calculated by "daily interest rate" and "monthly interest rate". They even don't show the interest rate at all, but only tell customers how much they should pay back each period, which is full of confusion. The amount of interest seems small, but once it is calculated in a formal way, it will become amazing.
In addition, once overdue, the borrower needs to pay high fees such as late payment, penalty interest and liquidated damages. "The overdue fee for each platform is different, some are dozens a day, and some are hundreds a day." Li Yang told Southern Reporter.
Take the Thousand Wars as an example. For a product named "Cashman", 20 yuan will be charged for overdue 1 day, which means that the loan of 1 ten thousand yuan will be repaid twice as long as it is overdue for 50 days.
In addition to paying high fines and penalty interest, borrowers and their relatives and friends have to bear the indiscriminate bombing of text messages and telephone calls.
Extended data:
1. For overdue online loans, the first thing you encounter is being collected; If after repeated collection, still refuses to repay, the other party will
2. Consequences of late payment: credit will be damaged, and being included in the "blacklist" system will affect personal credit information;
3. Penalty interest and liquidated damages, high interest and corresponding liquidated damages;
4. The fancy collection of the platform has been overdue for a long time. The platform stopped persuading and began to take practical actions.
5. The event of not paying back money belongs to civil affairs, and if the circumstances are serious, you will go to jail.
Advance loan interest rate:
(1) If you apply through the Ka Niu channel, the monthly rate is 0.7%-2.1%;
(2) For WeChat application or Qianzhan Aiqian application, the monthly rate is 1. 1%- 1.8%.