1. collection notice: the platform will remind borrowers to repay by SMS, telephone, etc. And asked to return the arrears as soon as possible.
2. Late payment: Overdue repayment may lead to additional overdue interest and late payment, which will be added to the original arrears.
3. Outsourcing collection: If the borrower does not respond or refuses to repay, the platform may hand it over to a third party for collection. Collection agencies can call, write or even come to collect money.
4. Credit history: The overdue online loan may have a negative impact on the borrower's personal credit history and reduce the credit rating of his future loan.
5. Legal proceedings: As a last resort, the platform may take legal proceedings to recover the arrears and even freeze the borrower's assets.
What if all six online loans are overdue? In the face of overdue online loans, the following measures may help to cope with the situation:
1. Analyze debts: know the amount, interest rate, repayment plan, overdue fees, etc. of each debt.
2. Negotiate repayment plan: negotiate with various online lending platforms to formulate a reasonable repayment plan and strive for flexible ways such as extension or installment payment.
3. Ask for help: consult professional financial institutions or legal aid institutions for advice and guidance on how to deal with multiple overdue debts.
4. Priority repayment: according to interest rates, overdue fees and legal risks, priority is given to repaying online loan debts with high interest rates or high risks.
5. Avoid new loans: avoid borrowing new funds through other channels, so as not to increase the burden.
Summary:
Many online loans are overdue, which may cause many problems, including overdue fees, damaged credit records and even legal disputes. Faced with this situation, timely communication, making a reasonable repayment plan and seeking professional help are the key to solving the problem. It is also an important measure to plan ahead and abide by the loan commitments to avoid excessive borrowing.