1. Yes, after the online loan is overdue, it can be handled by stopping interest and hanging the account. This means that the borrower and the lending institution can reach an agreement through negotiation, temporarily stop calculating the interest and default interest, and put the overdue amount into the future repayment period. A stop account usually requires both parties to reach an agreement and sign relevant documents.
2. It can effectively reduce the economic pressure of the borrower and give him more time to repay the debt by stopping paying interest. This approach is beneficial to borrowers who are temporarily unable to pay off their loans in one lump sum.
3. Stopping paying interest requires cooperation and communication between borrowers and lending institutions. The borrower should contact the lending institution in time to explain his economic situation and reasons in detail. Lending institutions will consider the borrower's repayment ability and integrity and decide whether to agree to stop paying interest according to the actual situation.
4. During the negotiation, the borrower should prepare sufficient supporting materials, such as income certificate and bank account. , so as to provide the necessary information for lending institutions and increase the possibility of successfully reaching an agreement to stop interest payments and repay debts.
Summary:
If the online loan is overdue, it can be handled by stopping the interest and hanging the account. The borrower shall actively communicate and negotiate with the lending institution, provide necessary supporting materials and reach a written agreement. Stopping paying interest can temporarily relieve the economic pressure and give borrowers more time to repay their debts. However, the specific operation and effect will be different due to the policies and personal circumstances of lending institutions. Therefore, it is suggested that the borrower contact the lending institution as soon as possible and understand the relevant laws and policies before the deadline.