2. Serious consequences of overdue: Under the vicious circle of repayment, the loan amount will be more and more, and the amount of things that have been purchased by loans will be more and more. At the same time, the bank will continue to increase the collection efforts in the later period.
These are the reasons why you can't repay the loan.
Reasons for not supporting loans
1, encountered a large number of collections: the situation of using loans to support loans is generally due to borrowing a variety of online loan products at the same time. The characteristic of online lending is that as long as the individual is overdue, the lender will send a collection message. When the state of repaying the previous loan continues, there will always be a day when there is no money to repay the loan on time;
2. Increase personal liabilities: Online loans are different from offline bank loans, which will increase the repayment pressure of borrowers. Under normal circumstances, the loan interest rate of online loans is18%;
3. Enter the blacklist of credit information: the online lending platform will upload the lender's information to big data and online credit information, and it is easy to find the loan situation in the data, and it is also easy for individuals to enter the blacklist of online credit information. After being blacklisted, it is basically difficult to borrow it again.