1. What if the online loan is completely overdue and there is no money?

1, confess in advance

Because many anti-aircraft gun platforms will not discuss with you after the deadline, they will first explode the address book and contact you after deterrence, so be sure to inform all family and friends in advance, tell them the real situation, and strive for forgiveness and help from family and friends.

Step 2 negotiate

Some online loan collections can be negotiated. After all, the interest is too high and illegal. Maybe the borrower will repay the loan immediately after reducing some fees, so the online loan still has high profits. So we must find a way to negotiate with each other, both hard and soft.

3. Willingness to repay

In the financial industry, a positive repayment attitude is very important. There are reasons to prove that you are not maliciously defrauding loans, but are really unable to repay them, especially for banks and financial institutions. In the case of limited conditions, we should pay back a little each month appropriately and actively strive for negotiation, reduction or installment.

Step 4 collect evidence

No matter whether you call the police or report a complaint, you need strong evidence support, so you can start preparations one after another and collect various repayment records, screenshots, voice chat evidence, etc. Before it completely expires.

Second, what is online lending?

Peer-to-peer lending includes personal peer-to-peer lending and online microfinance. Personal peer-to-peer lending refers to direct lending between individuals through the Internet platform. Direct lending on the personal peer-to-peer lending platform belongs to the category of private lending, and is regulated by laws and regulations such as the Contract Law and relevant judicial interpretations in the Supreme People's Court. Network micro-loan refers to the micro-loan provided to customers by Internet companies through their holding micro-loan companies. Network microfinance should abide by the existing microfinance.

What are the consequences of a four-year loan?

Don't loan auctions have the following consequences:

1. overdue penalty interest: if the loan is not repaid, overdue penalty interest will be charged on a daily basis until the borrower pays off the money.

2. Encountered collection: A collection specialist will collect overdue customer service by SMS or telephone.

3. Credit investigation: In addition to PBOC's credit investigation, overdue records of auctions and loans will also be uploaded to the online credit investigation of the cooperative relationship.

4. Possible prosecution: If the circumstances are serious, such as malicious overdue, the overdue days are too long, and the overdue amount is too large, the loan auction can sue the borrower.

Extended data

1. What about the auction platform? Is it formal?

As can be seen from five aspects, the auction loan is a formal platform, which is more reliable:

1. Background

Paipai Loan is operated by Shanghai Paipai Loan Financial Information Service Co., Ltd., which was established on June 17, 2007. Headquartered in Shanghai, the registered capital is 654.38 billion yuan.

Platform operation 10 years, is a veteran figure in P2P industry, and has accumulated rich industry experience. It is the first online lending platform in the P2P industry to complete the C round of financing, with good strength.

2. Project

Paipai Loan is a pure credit and unsecured peer-to-peer lending platform in China. Platform projects are mostly credit marks, and platform project information discloses borrower information, authentication information, statistical information (loan records, repayment related, debt related) and bidding records.

3. Income

There are several projects in official website, Rainbow Project, Novice Products, Monthly Rising, Happy Auction. The investment period is 3- 12 months, and the average annualized rate of return is 7-24%, which is slightly higher than the industry average.

4. The mirror personal credit rating system independently developed by risk control and loan auction accurately evaluates the overdue risk of borrowers based on big data analysis. Personal loans require authentication of ID cards, mobile phones, academic qualifications and other required materials. The amount of small loans is between1-200,000, which is small and scattered, reducing investment risks. We also set up a special quality assurance service to pay for the items marked "compensation". Special funds for quality assurance are deposited in the depository account of commercial banks. As of June 20th, the special account for quality assurance fund was RMB 647,187,086.84 per month.

5. Financial security

Online customer fund depository system of China Merchants Bank. China Merchants Bank provides an auction loan depository system, and the two parties are connected through a special line. All lending fund depository services are handled through various business interfaces of the depository system, which isolates user funds from their own funds and ensures the safety of user funds.

What will happen to online loans in a few years?

First of all, if the loan is not repaid, the overdue record will not be eliminated after five years. Because bad records such as overdue records, once recorded in big data or credit report, generally have to be kept for at least five years after paying off the arrears before they can be deleted by the system, and manual intervention is impossible. And if it is not returned all the time, the overdue record will naturally be kept all the time.

Secondly, if the borrower's loan amount is relatively small, the borrower is really unable to repay it. It is still possible for the lending platform to give up recovering the arrears.

In one case, the overdue online loan will indeed lead to imprisonment, but this is not caused by the online loan itself, but because after the court decision takes effect, the borrower has the ability to repay but refuses to fulfill the repayment obligation. This situation may constitute a crime of refusing to perform the court's ruling, and if the circumstances are serious, it may bear criminal responsibility.

In addition, if it is a normal loan and repayment record, it will generally be permanently retained and cannot be eliminated. However, old records are usually overwritten by new records, and such records will not have any adverse impact on your personal credit. Just pay attention to avoid applying for too many loans in a short period of time, resulting in "waste" of big data or credit information and too many loan records.

Just search: quick view of the shell tip. Click "Query" and enter information to query your own 100-bank credit data, which come from more than 2,000 online lending platforms and UnionPay centers across the country. Users can query their big data and credit status, obtain various indicators, and query their personal credit status, online black index score, blacklist, online loan application record, application platform type, overdue amount, credit card and online loan credit estimated amount and other important data information.

Extended data:

Is there a problem with online loans overdue for several years?

If the online loan is overdue for several years, it is naturally something. A few years later, the cumulative penalty interest of the platform is estimated to be quite large. Compared with the time when it was just overdue, the arrears are naturally more, and the repayment pressure of the borrower is naturally heavier. In the case of continuous overdue, big data will also be submitted by the platform (and some will be credited), leaving bad records in it, seriously damaging personal credit.

Some platforms will also outsource dunning business to special dunning companies, and then they may come to collect it. Some people have not replied to the dunning and may sue.

What will happen after four years of online lending?

If you owe the online loan for 4 years, you still have to pay it back even if you don't accept it.

Because this debt still exists, the longer it is in arrears, the worse it will be for you, and you may eventually have to bear legal responsibility and high penalty interest. Moreover, if the credit information leaves a stain, it will lead to being blacklisted by banks and online lending platforms in the future.

Online lending, mbth is Internet lending, and p2p online lending is the abbreviation of online lending, including personal peer-to-peer lending and commercial peer-to-peer lending. P2P online lending refers to direct lending between individuals through the Internet platform. It is a sub-category of the Internet finance (ITFIN) industry. In 20 12, the number of online lending platforms in China increased rapidly, with about 350 active platforms so far, and the total number reached 3,054 by the end of April 20 15.

From 2065438 to September 2009, the Leading Group for Special Remediation of Internet Financial Risks and the Leading Group for Special Remediation of Online Lending Risks jointly issued the Notice on Strengthening the Construction of P2P Online Credit Information System to support the operating P2P online lending institutions to access the credit information system. Internet credit originated in Britain, and then developed to the United States, Germany and other countries. Its typical model is that online credit companies provide a platform for borrowers and borrowers to bid freely and reach a deal.

In the traditional P2P model, the online lending platform only provides services such as information exchange and information value appraisal that are conducive to the completion of transactions, and does not substantially participate in the interest chain of lending. There is a direct creditor-debtor relationship between borrowers and lenders, and the online lending platform maintains its operation by charging certain fees to borrowers and lenders. In China, because the citizen credit system is not standardized, it is difficult for the traditional P2P model to protect the interests of investors. Once overdue, investors will lose everything.

Therefore, in the continuous exploration and practice of P2P online lending, it is suggested that friends and relatives should be introduced into credit loans for joint guarantee, and mortgages or pledges should be introduced into other loans for counter-guarantee. At the same time, the enterprise loan project introduces a third-party financing guarantee company to audit and guarantee the project principal and interest, and requires that its guarantee scale should match the guarantor's guarantee amount, and the guarantor should also strengthen its own risk control management. Online lending, also known as P2P online lending. P2P is the abbreviation of English peer to peer, which means "person to person".