What happens when 360 IOUs are unavailable?
1 Affect personal credit information.
For those who don't repay the 360 loan, it will definitely leave a stain on the credit record of the central bank, because the 360 loan is an opening for credit reporting at the meeting. According to the current regulations, the stain will remain forever if the debt is not paid off.
2 has been collected for a long time.
For those who do not repay, the 360 loan will not be given up easily, and the staff will be arranged to collect it for a long time. If necessary, 360 IOUs will entrust the arrears to a professional third party for collection.
The defendant went to court.
Now the court has established a list of untrustworthy people against Lao Lai and formulated clear punishment measures for those on the list. Once the borrower is brought to court by 360 IOUs, the borrower will face the consequences of becoming an old-timer, and the future living consumption and children's education will be restricted.
360 IOUs will not only charge late fees and interest, but also lead to more and more late fees for a long time, thus increasing personal liabilities. In addition, online lending platforms have now established a blacklist system, and blacklist platforms have also begun to communicate with each other. It is difficult to borrow money on a platform if it is overdue, so it is necessary to repay it on time and maintain good credit.