1. Will micro-loans be collected after they are overdue?

If the micro-loan has been docked with the People's Bank of China, or a formal financial institution lends money, its loan records and overdue records will be recorded. However, if there is no docking credit for small online loans, loans overdue will not record credit. Generally speaking, small online loans need to be authorized to inquire about credit information when applying, so once the application is successful, there will be overdue records to inquire about credit information.

There is no need for authorization to inquire about credit information when applying, indicating that the loan review mainly refers to big data. At this time, loans overdue has entered, and overdue records will not be recorded. Users must pay off overdue debts as soon as possible, regardless of whether the overdue records are finally submitted to the credit bureau, because overdue will bring a series of negative effects. Even if it does not affect personal credit information, it is not good for users to affect big data.

In addition, after the small online loan is overdue, the user pays off the overdue arrears, and whether it can be used later depends on the audit results of the page. Some small loans cannot be reapplied as long as they are overdue.

Second, what are the consequences of overdue credit?

1, high penalty interest and liquidated damages

If the loan is not paid by the repayment date, in addition to continuing to pay the loan interest, it is also necessary to pay a high penalty interest and liquidated damages. Banks and different lending institutions have different charging standards for penalty interest. Generally, private lending institutions charge more than banks. Some lending institutions have to pay high liquidated damages in addition to the penalty interest for those borrowers who fail to repay the loan within the time limit.

For example, a while ago, a friend of mine borrowed 40 thousand from a private lending institution with a car as collateral, and the loan period was 30 days. Then, if you don't pay back the money at maturity, and you don't apply to the lending institution for extension, you will have to pay a penalty of more than 2,000 yuan for one month overdue. Therefore, the financial loss of overdue loans is still very large. Of course, if the consequences of loans overdue's failure to pay back are only money losses, the impact will not be so terrible, but this is not the case.

2, affect personal credit

The consequences of loans overdue's failure to pay back are not only high penalty interest and liquidated damages, but also personal credit. Once in loans overdue, there will be overdue records.

If it is a bank loan, the overdue record will undoubtedly be uploaded to the central bank's personal credit information system, which will affect the lender's application for a credit card and will not be able to apply for a loan again for at least five years. And if loans overdue doesn't pay it back for 90 consecutive days, it is estimated that it will be difficult for the lender to apply for a credit card or loan in five years.

3. Being accepted, threatened and living in fear all day long.

If loans overdue doesn't pay it back, banks and lending institutions will first collect it by SMS or telephone. If you still don't return it after collection, you will bombard your family and friends with text messages and phone calls, which will seriously affect your life and work. Some lending institutions, in addition to dunning by SMS and telephone, will also use threats, intimidation and other means to urge themselves to repay their loans, leaving them in fear of personal injury all day long.

The defendant went to court and even went to prison.

After various collection methods, if they still don't pay back, banks and lending institutions will take themselves to court. Once finalized, they not only have to pay the loan principal, interest and penalty interest, but also pay high compensation and bear legal fees. If the circumstances are serious, they will go to jail and affect their lives.

Overdue credit will generate overdue interest, and my credit will be damaged. But for small loan companies, it depends on whether it is connected with the central bank's credit information. Only formal loan companies will be protected by law. Therefore, they must repay in time and cannot refuse to fulfill their repayment obligations for any reason.