1. After the borrower's loans overdue is frequently called

, the WeChat loan platform will call for it first.

if it's only 1-3 days overdue, it's usually a text message a day or a text message a day, which is not frequent for borrowers.

however, if the borrower's overdue time exceeds one week, the collection calls and text messages of the collection staff will become frequent, usually reaching about three calls a day.

if the overdue time exceeds one month, not only the borrower himself will be frequently called for, but also his family and friends will be hard to survive.

If the borrower's overdue time is more than 2 months, and the borrower chooses to escape or lose contact, the collection staff of WeChat loan may consider collecting directly at home.

of course, door-to-door collection is usually mainly negotiated, and there will be a third-party notary present.

2. generate penalty interest

after wechat loans overdue, overdue penalty interest will be generated.

Generally speaking, the overdue penalty interest of small loans will be higher than that of bank loans, after all, the loan interest rate of small loans is higher.

According to the regulations, the overdue penalty interest of WeChat loan is generally 1.5 times the loan interest rate.

the longer the borrower is overdue, the more penalty interest will be paid in loans overdue.

after the penalty interest increases, the repayment pressure is greater, and it is even more difficult to pay off the loan.

3. Personal credit information is damaged

WeChat loans are basically credit information. Once overdue, there will be a stain on credit information from loans overdue.

the longer the overdue period, the higher the level of bad records.

the higher the grade, the more serious the overdue behavior.

once there is a serious bad record in the credit information, it will be very difficult for the borrower to apply for bank mortgage and car loan in the future.

even if you apply for a credit card, it is easy to be rejected.

even if it is done, the loan amount is usually between several hundred and several thousand yuan.

4. Impairment of work

If the borrower fails to pay it back for more than 3 months, the collection staff will probably find the borrower's work unit.

once the employer knows that the borrower has a serious overdue record, it will have a serious impact on the borrower's career.

5. If the lawsuit is overdue for more than three months, the WeChat loan platform has the right to sue the borrower.

after the borrower is sued and the case is established, all the property under his name will be frozen and auctioned after enforcement.

if the borrower is a civil servant or something, it needs political review.

once the record of enforcement is found, it will also affect the borrower's future.

if your loan application is rejected, it is recommended to check your credit status through "general credit check" first. If your credit is not good, it is suggested to wait for a while, and then try to apply for a loan after the credit risk score is lowered and the stain is eliminated, so the chances of passing will be higher.

Extended information:

What will happen if the online loan is not available all the time?

if the online loan is not paid back all the time, it will cause the following adverse consequences.

1. default interest will be charged from the day when it is overdue until all the arrears are paid off.

and the longer the overdue period, the more penalty interest will accumulate (note that the overdue penalty interest rate charged by some online loans will be higher than the normal lending rate).

2. The system will report the overdue situation to big data, and some online loans are connected to the central bank's credit information, so it will also be reported to the central bank's credit information, leaving a bad record in it, which will lead to personal credit damage.

3. The platform will send text messages and make phone calls for dunning. If the text messages and phone calls fail to respond, relevant personnel may be arranged to come to the door for dunning, and even a lawsuit may be brought to the court.

4. Due to credit problems, the subsequent handling of credit business will be hindered, and it will be difficult to successfully handle it in a short time.

Therefore, it is suggested that you must remember to repay the loan on time after you borrow it at ordinary times, and never fail to pay it back after the deadline.

of course, if the interest fees charged by online loans are too high, you can choose not to pay back the interest fees beyond a reasonable range.