1. What to do if you are threatened if you cannot repay your online loan

If it has seriously threatened your normal life, you can choose to call the police. If it is just a normal threat, , then it’s better to pay back the money as soon as possible. When we receive a threat from an online loan, we must judge its nature based on its content, choose a reasonable way to deal with it, and resolutely do not use violence to fight violence, or use an irrational attitude to cause unnecessary conflicts.

Online loan platforms will initially collect debts from borrowers who do not repay. Collection calls, text messages, etc. will be made three months before the loan is overdue. If the borrower loses contact or has a bad repayment attitude, the collection staff will find ways to contact the borrower through the address book or visit him to collect the debt. If the collection fails and the collection time exceeds three months, the collection staff will report the situation to the online lending platform. Online lending platforms will ultimately perform two processes.

2. Will there be any impact if you repay the online loan on the repayment date?

There will be no impact if you repay the online loan on the repayment date, as long as the customer pays it before 24:00 on the repayment date Repaying the loan is considered normal repayment and will not be reported to the platform for credit reporting or penalty interest. In fact, automatic repayment of online loans is generally carried out on the repayment date.

Some online loans also have a grace period, so it may not have any impact on customers to repay a few days after the repayment date. Of course, customers need to refer to the notice from the lending institution for the specific number of days of the online loan grace period and repay according to the corresponding rules.

If the customer encounters some special circumstances that lead to temporary repayment of the loan, he can proactively contact the online loan platform before the repayment date expires to see if he can negotiate an extension of repayment and try to get more time for his repayment. There are many favorable conditions to avoid the impact of overdue payment.

Of course, if the customer's financial conditions permit, there is no need to repay on the repayment date. You can repay a few days in advance or settle the debt all at once, which can effectively avoid overdue payments. Maintain your credit report.

If you are threatened by the lending institution for not repaying an online loan, you can report it to the police. Repaying the arrears of the online loan on the repayment date will not have any impact. Online loans can solve personal financial needs and are a common method for temporary working capital. There are certain risks in borrowing online loans. If you do not repay after applying for an online loan, you will be charged by the lending institution. Online loans are a form of private contract borrowing. Both parties need to sign a loan contract to specify the loan amount.