Customers will have to bear the following consequences if they don't pay back their loans:

1, credit will be stained, the platform will report the customer's overdue situation to the credit report, which will leave a bad loan record on the credit report, in the future customers to carry out credit activities or apply for civil servants will be affected;

2, will be the platform collection, installment music once overdue, the platform will certainly be by phone or text message to contact the customer, urging the customer as soon as possible will be the overdue arrears on the platform under normal circumstances will only be on the customer himself to collect, the formal lending institutions will not be harassment of the overdue customer's family or friends;

3, will produce a large number of late penalty interest, after the loan is overdue, the platform will be charged the customer's overdue penalty interest, Sen Jie penalty interest is charged by the day, and overdue one day of the penalty interest is more than the normal interest rate of the loan, so the customer is overdue for a longer period of time to produce a penalty interest is also the more. In the customer to end the debt when the need to end the penalty interest together;

4, the loan contract will be terminated early, if the customer is overdue for a longer period of time, and as soon as possible did not take the initiative to end the overdue debt of the willingness to shout spring portable platforms according to the loan contract above the agreement to early termination of the loan contract, the customer asked to early settlement of the loan, which will directly increase the customer repayment pressure;

This is the first time in the history of the loan contract. Increase the customer's repayment pressure;

5, malicious late will be sued by the platform, for example, the customer obviously has the ability to repay, but still deliberately default on the loan does not pay, in this case the platform in order to maintain their own rights and interests, it will be through the legal channels to solve the customer's debt problems, will sue the customer;

6, affecting the customer's installment music big data, after the loan is overdue, the platform to take some of the Zhengzhou ambush measures will be on the customer's online loan big data will have a bad influence, online loan big data is destroyed after the customer to apply for a loan on other platforms will also be affected;

7, will be included in the list of bad faith executives, if the After the platform sued the customer, the customer still did not pay back the loan as agreed, refused to fulfill the debt obligations, then the customer will be on the list of executives who have lost their credibility, the future life as well as transportation will be limited to high consumption;

8, the loan amount will be lowered or frozen, the loan is overdue indicates that the customer's risk is rising, the platform in order to prevent the risk from further expansion.

9, can no longer enjoy some preferential policies, in the past, installment music for credit better customers may have loan interest rate concessions, but once the customer overdue, the system is very likely to withdraw the preferential policies. The first thing you need to do is to get a good deal on a new loan, and then you'll have to pay a higher interest rate, which will increase your debt expense.