The worst result for an overdue online loan
Legal subjectivity:
The worst result for an overdue online loan may be to be sued. Generally, overdue online loans , the borrower needs to pay a certain amount of overdue interest in accordance with the agreement or relevant national regulations, and also needs to bear corresponding liability for breach of contract, which may also have an impact on credit reporting.
Objective law:
Article 676 of the Civil Code: If the borrower fails to repay the loan within the agreed time limit, he shall pay overdue interest in accordance with the agreement or relevant national regulations. Article 678 The borrower may apply to the lender for an extension before the repayment period expires; if the lender agrees, the extension can be made. Article 667 A loan contract is a contract in which the borrower borrows money from the lender and returns the loan and pays interest when due. What are the consequences of not being able to repay an online loan?
The consequences of not being able to repay an online loan are as follows:
1. Bear overdue fees;
2. Accepting the platform’s fancy debt collection;
3. Facing a crisis of trust;
4. Personal credit reporting being stained;
5. Being sued in court
You will not encounter penalty interest and liquidated damages if you owe an online loan. If the loan is not repaid, the first thing you will encounter is high penalty interest. Some financial institutions will bear the payment of a liquidated penalty on the basis of the penalty interest. Moreover, it will make it even more difficult to apply for credit cards and online loans after your credit is damaged, and you will be charged by various means. If you fail to repay your Taiwan-France online loan overdue, you will be sued by the lending institution, and if you fail to repay it after being aware of it, you may be subject to enforcement. It may even constitute a crime.
Online lending is a bond investment, with clear returns, and the lender of the funds obtains interest income; while the public often confuses online lending with equity crowdfunding, which is an equity investment, with flexible returns, and investors Obtain future income by investing in companies, such as Jingbei Crowdfunding and 36 Krypton, etc. are all equity crowdfunding platforms. Whether it is bond investment or equity investment, there are certain risks. Investors should fully understand the risks, be fully aware of and mentally prepared to bear their own risks, and judge and bear the risks of the project on their own under this premise. What are the consequences of online loans?
What are the consequences of not repaying online loans? The worst result if the amount of debt is large is that the platform files a lawsuit and you still don’t repay it. If you have assets in your name, assets You will be executed or sentenced to being a lao lai. Once you become a lao lai, you will not be able to take planes and high-speed trains, and your children's schooling will also be affected. ?However, the amount that online loans can provide is usually relatively small. If the amount owed is relatively small, such as the small loan we applied for or the online loan with a very low limit, the worst outcome is nothing more than "notifying" your relatives, friends and you personally for collection. Apart from these, there is no other ending. Some people may ask, if we follow this statement, does it mean that everything will be fine if we change the contact information? As much as I hate to admit it, in a sense, this is true. Of course, having overdue debts will definitely affect your credit score, which will affect all aspects of your life. A. Formal online loans? For example, products under Alipay, Tencent, JD.com, Baidu, etc. These are all formal online loan platforms that we are familiar with. The interest rate is slightly higher than that of banks or about the same as that of banks. The worst result if the online loan is not paid
The worst result is going to jail. The credit report is affected. Nowadays, for many online loans, although the credit report is not mentioned at the time of loan, when the loan cannot be repaid, a negative credit report will be generated. This is a big problem for the credit report. However, this situation generally only applies to formal online loan platforms. Some informal and private platforms will not be listed on the credit report. If you fail to repay the credit report overdue, you need to repay the remaining loan, otherwise there will be a record on the credit report, and your future credit business will be greatly affected. Bear legal responsibility. For compliant online lending platforms, the terms in the contract, especially the borrowing interest rate and related fees, are strictly in compliance with relevant national laws and regulations. Such online lending platforms are protected by law.
If the borrower is overdue for a long time and the amount is large, the online loan platform will go through the relevant legal procedures, and the borrower will be sued. Not only will he have to pay back the money, but he will also need to bear some legal responsibilities! This kind of online loan still has to be repaid!
1. The essence of Internet finance is still finance, and it has not changed the hidden, contagious, widespread and sudden characteristics of financial risks. Strengthening Internet financial supervision is an inherent requirement to promote the healthy development of Internet finance. At the same time, Internet finance is a new thing and an emerging business format. It is necessary to formulate moderately loose regulatory policies to leave room and space for Internet financial innovation. By encouraging innovation and strengthening supervision to support each other, we will promote the healthy development of Internet finance and better serve the real economy. Internet financial supervision should follow the principles of "legal supervision, appropriate supervision, classified supervision, coordinated supervision, and innovative supervision", scientifically and rationally define the business boundaries and access conditions of each business format, implement supervisory responsibilities, clarify the bottom line of risks, protect legitimate operations, and resolutely Crack down on illegal activities and irregularities.
2. Online lending includes individual online lending (i.e. P2P online lending) and online small loans. Individual online lending refers to direct lending between individuals through the Internet platform. Direct lending activities that occur on individual online lending platforms belong to the category of private lending and are regulated by laws and regulations such as Contract Law, General Principles of Civil Law, and relevant judicial interpretations of the Supreme People's Court. Internet micro-loans refer to small-amount loans provided to customers by Internet companies through micro-loan companies they control, using the Internet. Online small loans should comply with existing regulatory regulations on small loan companies, give full play to the advantages of online loans, and strive to reduce customer financing costs. The online lending business is supervised by the China Banking Regulatory Commission. The supervision of online lending platforms has increased from five to six thousand at the peak to only 29 operating at the bottom in June. The special rectification work may be basically completed by the end of the year and will be transferred to regular supervision