The consequences of non-repayment of CreditEase loans

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Failure to repay CreditEase loans will face the following five consequences: 1. The platform loan officer will continue to arrive Company calls. 2. The loan will be subject to penalty interest. 3. The platform will protect its rights and interests through legal procedures, including the auction of collateral or corporate assets and the recovery of joint and several liability of the guarantor. 4. You will not be able to obtain loans from other financial institutions, and there will be bad records in the personal credit system. If you have not paid it back, the record will be kept forever. If you have already paid it back, the bad record will be canceled after five years. 5. If the loan is not repaid, you will be sued. If you cannot find the person being sued, you will find the family members who were sued. CreditEase loans will be collected through SMS collection, phone collection, door-to-door collection, legal proceedings and other methods. When the arrears are overdue, loan collection will be carried out. If the overdue amount exceeds 90 days, a lawsuit will be filed in court: 1. In accordance with the provisions of the loan contract and guarantee contract (mortgage or pledge contract), the financial institution will file a lawsuit in court, and the court will take measures such as property preservation. Measures include freezing deposits in all bank accounts of lenders and loan guarantors, seizing mortgaged properties, etc. 2. After the judgment is made, the property will be enforced according to law (withholding of deposits, auctioning of mortgages, etc.) to repay the bank's loan losses. 3. Specifically include: loan principal, loan interest, overdue interest and penalty interest, as well as all resulting litigation costs, related costs incurred when disposing of mortgage (pledge) properties and realizing them, etc. CreditEase sent me a text message and wanted to sue me. What should I do?

1. Actively respond to the lawsuit. After a CreditEase loan is overdue and is sued, the borrower should actively respond to the lawsuit, negotiate repayment with the platform, provide relevant proof of inability to repay (such as poverty certificate, unemployment certificate, serious illness certificate), and inform the other party that the overdue loan was not malicious. See Can I apply for a partial interest exemption and settle the payment?

2. If the borrower fails to repay due to violent collection by the CreditEase platform, the borrower must prepare relevant evidence and use this as a bargaining chip to negotiate repayment with the platform.

3. If the interest charged by the CreditEase platform is unreasonable, you can also provide relevant proof and ask the other party to reduce or reduce a portion of the interest before repaying the loan. What to do if you are sued for an overdue CreditEase loan

If you are sued for an overdue loan, you must actively respond to the lawsuit and actively perform the court judgment and repayment obligations after the court judgment. If the judgment is not implemented, it can be implemented by the court. If there is no property to be executed and the people's court finds that the debtor is indeed incapable of execution, it shall rule to suspend execution. After aborting, resume execution.

Legal basis

Article 675 of the "People's Republic of China and Civil Code" stipulates that the borrower shall repay the loan within the agreed time limit. If there is no agreement on the loan period or the agreement is unclear, and it cannot be determined according to the provisions of Article 510 of this Law, the borrower may return it at any time; the lender may urge the borrower to return it within a reasonable period of time.

Article 676 of the "People's Republic of China and Civil Code", if the borrower fails to return the loan within the agreed time limit, he shall pay overdue interest in accordance with the agreement or relevant national regulations.

If you are sued for an overdue loan, you must actively respond to the lawsuit and actively perform the court judgment and repayment obligations after the court judgment. If the judgment is not implemented, it can be implemented by the court. If there is no property to be executed and the people's court finds that the debtor is indeed incapable of execution, it shall rule to suspend execution. After aborting, resume execution. How to deal with non-repayment of CreditEase loans

How CreditEase loans handle non-repayment of loan applicants:

1. Overdue interest and late payment fees will not be calculated during the grace period. Exceeding the grace period The calculation will start. The late payment fee is 5% interest on the arrears, calculated at a daily interest rate of 0.05.

2. If you are overdue once and repay it immediately within a short period of time, your personal credit will not be affected.

3. It will have a certain impact on the quota increase.

4. If the credit is overdue for more than 60 days, the overdue record will be uploaded to the personal credit system.

5. If you are overdue for more than 90 days, the Yicredit system will mark your credit as bad, which will affect your future loan applications.

: The risk of non-repayment of online loans

1. Overdue fines

Basically every credit product requires liquidated damages as long as the repayment is overdue. , each online loan institution has different requirements. For the same overdue loan of 10,000 yuan, the fine for some institutions may be a few yuan per day, and the fine for some institutions is as high as hundreds of yuan per day. Therefore, it is recommended that everyone should repay the loan in time to avoid overdue situations, otherwise The principal and interest penalties add up to being quite expensive.

2. Bad credit

Nowadays, many online loans have begun to apply for credit bureaus, or authorize institutions such as Sesame Fen and Baihang Credit Reference. In short, in the era of big data, your loan application Records, default status, and credit details can all be checked. Once it is overdue, you will be the one who suffers in the end. If you encounter financial problems, you can no longer rely on your credit to get a loan. You can only choose a mortgage or credit card TX, which is very troublesome.

If you leave a bad record in the central bank's credit report, future purchases of cars and houses will be affected. The credit limit will be reduced and the cost will increase proportionally. The gain outweighs the loss.

3. Facing various fancy collections

Generally, the loan platform will start collection on the first day when the loan is overdue. First of all, it must be phone calls and text messages. This collection stage of phone calls and text messages is relatively long and can be quite intense. In the early stage, it may only be a phone call and text message reminder. If the payment is not repaid after the reminder, the collection platform will directly explode the address book.

4. Sued by the platform

Under normal circumstances, after an online loan is overdue, the platform will collect payment from the user through text messages, phone calls, etc. If the user refuses to pay back the money, the platform will sue the user in court. If the bank decides to force repayment and the user still fails to repay as required by the court, he or she will be held criminally responsible.