Owning online loans will not have the following consequences:
1. If it is a penalty interest, additional interest will be charged.
For college students' credit in loans overdue, lenders will generally call for repayment first, reminding borrowers to repay, and the interest rate will rise as a daily penalty interest. Because the policy of each lending institution is different, the intensity of penalty interest of each lending institution is also different, and some lending institutions will charge 50% interest on the basis of the original interest rate. This means that if you borrow 65438+100000, but don't pay it back for more than 3 months, you may have to pay back 65438+100000 interest and late fees in the end.
Second, bad credit records will affect future loans and credit cards.
Some online lending platforms directly connect with the central bank's credit information system, and some have long-term good cooperative relations with other credit information agencies or other credit evaluation companies. When overdue, your name will appear in the internal system of the bank at the same time, and the credit report will inevitably leave a bad record. Once left, it may be kept for 3 to 7 years. If you want to borrow from banks or other lending institutions in the future, you may not be able to apply easily because of bad credit.
Third, it affects personal career.
For students who have been studying in loans overdue for more than 90 consecutive days and the circumstances are serious, some institutions have the right to publish their ID numbers and overdue information in the media, or inform their work units. Malicious or intentional default. If it is overdue for 90 days in a row and can be remedied in time and repaid on time, the credit level will not be greatly affected.
Fourth, being blacklisted, children cannot go to key schools.
For some "Lao Lai" who deliberately delay paying their debts, they will be blacklisted. So that you can't fly, high-speed rail, accommodation, etc. ; More seriously, children will not be able to go to key schools; There will be more punishments in the future, so it can be said that life is hard.
Five, the lending institution issued a lawyer's letter, submitted to the court.
If the individual fails to pay the fee for more than 3 months, it will be very serious! Lending institutions will collect loans according to law and bring a lawsuit to the court according to the loan contract and guarantee contract (mortgage or pledge contract). The court will take measures such as property preservation, including freezing deposits in all bank accounts of lenders and loan guarantors and sealing up pledged property.
Six, if the circumstances are serious, will be punished by law.
If you have the ability to refuse to implement the effective legal documents, you will be punished by law. When the debtor is unable to repay, the guarantor shall be liable for repayment.
According to the relevant provisions of the Contract Law, the borrower fails to repay the loan within the time limit stipulated in the loan contract, which is a breach of contract and should bear the liability for breach of contract. The ways to bear the liability for breach of contract include returning the loan principal, paying the interest during the loan period agreed in the contract and paying the interest of loans overdue. Repaying the loan principal and paying interest within the loan period agreed in the contract will generally not cause disputes because the parties have clearly agreed in the loan contract; There is a great dispute between the parties about the interest on overdue loans, and the standards applied by judges in hearing such cases are not uniform, which affects the authority of the law. Lawyers believe that it is necessary to integrate this issue so that everyone's understanding can be unified.
The funds invested by banks in such loans may or may not be recovered in the future. There is a great possibility of losses, and commercial banks usually have to impose a penalty interest on such loans. Overdue loans are the problem assets of banks. Commercial banks should maintain a high capital reserve, and the reserve ratio is generally 50%.
References:
Baidu encyclopedia-overdue loans