There is no clear timetable for how long online loans will not be prosecuted. After all, the risk control measures of different platforms will be different. However, online lending platforms often sue debtors who have been overdue for a long time. Here, I would like to introduce you to the general process from overdue to being sued.
First stage
The first stage is the initial overdue period, which is usually *, and some platforms can be extended to 1 month. During this period, most online lending platforms only charge penalty interest and liquidated damages, and arrange for staff to call and SMS for collection.
stage Ⅱ
The second stage, that is, the borrower is overdue for more than *, and the overdue time is generally not more than 3 months. The online lending platform will report the borrower's bad records to the credit information system, sesame sub-system and online credit information system, and blacklist the debtor. Some online lending platforms will arrange staff or third-party institutions to conduct on-site collection.
The third stage
The third stage is the prosecution stage that everyone is worried about. Those who are in arrears for more than 3 months are more likely to be prosecuted. The online lending platform will entrust a lawyer to file a lawsuit with the court. After the court makes a judgment, the online lending platform can apply for enforcement. At that time, it will be more difficult for debtors not to repay, bank accounts will be frozen, and fixed property will be seized and auctioned.
Special reminder
If everyone only has a loan of several hundred yuan or several thousand yuan, then the probability of being sued will be relatively small. The bad record caused by the non-repayment of the loan will make the borrower a credit black and online loan black. Once you become a loan user, you will face as much pain as being sued, and your normal life and work will be negatively affected.
The above answers the question of how long online loans will not be prosecuted. I hope everyone understands the stakes. Generally speaking, online lending is not something that should not happen.