1. If it is really unable to repay, it shall negotiate with the credit company to extend the repayment period or return it in installments.

2. If the credit company fails to perform the judgment within the performance period after winning the case, it will apply for enforcement.

3. When compulsory execution is accepted, the lender's property, vehicles, securities and deposits will be inquired according to law.

4. If the lender has no property to enforce, refuses to perform the effective judgment, overdue repayment and other negative information will be recorded in the personal credit report, and will be restricted from high consumption and entry and exit, and may even be punished by judicial custody.

What are the consequences of online lending?

If the online loan is not repaid, it will lead to the following consequences:

1. From the overdue date, the platform will collect overdue penalty interest on a daily basis until it is fully paid off, and the overdue penalty interest rate will generally be higher than the normal loan interest rate. . The longer the overdue period, the more penalty interest will be generated, and the more money to be repaid at that time, the greater the repayment pressure.

2. Overdue cases will be reported to big data by the system, leaving bad records, damaging personal credit and hindering subsequent loans. I am afraid that only by paying off overdue debts and repairing damaged credit can we borrow new loans smoothly.

3. The platform will continue to send text messages, calling for collection. If I can't reach myself, I'll call the emergency contact. Moreover, some platforms have obtained address book information, and it is estimated that they will call relatives and friends in the address book.

4. If the overdue time exceeds three months, the platform has the right. If the arrears have not been repaid, and the amount of arrears is large and the circumstances are serious, if the platform can't contact anyone, then it may be sued.

Online loan users can also check their credit qualifications by docking third-party big data risk control platforms, such as Xiaoqi Credit Information and Sesame Credit. The former has established data cooperation with more than 98% online loan institutions in the market, so its query results are very accurate. Intuitively, you can not only know your own big data and credit situation, but also get various indicator data. The blacklist data of online loans is shared by most loan platforms, which means that if the borrower fails to pay back the money on one platform, such bad records will also be made public on other loan platforms, so everyone must be careful to maintain their online loan credit, otherwise they will not be able to obtain online loan products with good personal credit when they encounter economic crisis again.

Extended data:

What are the consequences of online lending?

If you don't return it after borrowing it, it is overdue. Once overdue, it will lead to the following serious consequences:

1, resulting in overdue charges:

After overdue, the system will charge a penalty interest, and the interest rate of the penalty interest will generally be higher than the agreed interest rate of the loan. If the loan is not repaid, the longer the overdue period, the more repayment, and the greater the repayment pressure.

2. Affect personal credit:

The platform will report the overdue situation to big data, resulting in personal credit damage; If the lending institution of online loan cooperation accesses the central bank's credit information system, the platform is likely to report the overdue situation to the central bank for credit information, leaving a bad record in the personal credit information report, which will affect personal credit information.

3. Subsequent credit is frozen:

Because most of the information between online loans is interoperable, and then go to other platforms to handle online loans, once the platform finds bad records in big data, it is likely to refuse to approve loans; In addition, if the credit report is overdue, then going to a bank or other licensed consumer finance company to handle credit business will also be hindered by credit problems.

What should I do if the online loan is still not available?

1. The debtor needs to pay high interest and corresponding liquidated damages.

2. The debtor's credit will be damaged, which will affect future credit card applications and loans.

3. If the online lending institution demands repayment, and the borrower still refuses to implement it after the judgment of repayment, it may apply for compulsory execution.

4. After the judgment is made, the borrower fails to pay it back within the time limit, and if the circumstances are serious, it constitutes a crime of refusing to execute the judgment or ruling, and the borrower shall be investigated for criminal responsibility.

Friends borrow online loans, don't leave my phone number to harass every day.

Ordinary people are willing to help you when they receive this kind of call, but there is nothing they can do. It's still hard to harass you with collections. You can tell him I recorded the phone call. If you insist on picking on me, I'll call the police. Normally, when I hear this, I won't contact you again to collect it. If I contact you again, I can complain to the regulatory authorities. Now the regulatory authorities are still very cautious about cash loans. If you can contact the borrower, you can ask him to repay the loan and ask him not to regard himself as an emergency contact. Most people are embarrassed to do it again when they hear this.

What if a friend doesn't repay the loan?

I borrowed the loan in my own name, which has nothing to do with my legal friends, and I will bear all the responsibilities.

First, ways to avoid risks, such as friends providing real estate mortgage or chattel pledge. , and both parties must go through formal mortgage procedures at legal institutions. For example, real estate mortgage, if only the real estate license is given to you, is meaningless in law. You must go through formal mortgage procedures, otherwise your rights will not be guaranteed.

Second, if a friend doesn't want to go through the mortgage formalities, then why should you take risks for him? What exactly is his loan for? Can you dynamically monitor the whole process? If you can't do this, what reason do you have to be pushed around by your friends? Can such friends be called friends? A friend who specializes in cheating others doesn't treat him as a friend.

Third, if the two sides are really close friends, you know him well, and you can bear the loss of this loan, then there is nothing to avoid not avoiding risks. If you are in trouble, you will support him. If you ask yourself that you can't do it, or the relationship is not up to this level, then don't be a "man", and you will regret it later.