What if the sun shines in loans overdue?

Sunshine loans overdue may be threatened, mainly depending on the loan contract. As long as the loans overdue exceeds 90 days, the lending institution has the right to recover from the borrower. However, if the user applies for a large loan amount in Sunshine Loan, and the repayment is overdue for many times, then the time for Sunshine Loan may be shortened at this time.

Once the user is required to repay the loan according to the relevant provisions of the Contract Law, the borrower fails to repay the loan within the time limit agreed 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; With regard to the interest on overdue loans, not only are there great disputes between the parties, but the standards applied by judges in judging such cases are sometimes not uniform.

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%.

What are the consequences of sunshine?

If you don't repay the loan through sunshine, you will find the borrower to collect it at first, and then you may find a guarantor. If you don't return it, you will report it directly to the credit bureau, and in some cases it will even be enforced. Details are as follows:

Collection: When I first started in loans overdue, I usually collect money. A loan company like this has special collectors who will keep calling debtors, which will greatly affect their lives and work, and some will come to the door to collect money and even make bad behaviors such as blocking the keyhole;

Find a guarantor: If the collection fails, the loan company will find a guarantor at that time. Generally speaking, the guarantor's reputation will be better;

The guarantor will start the loan if it is not repaid, and the term is within two years from the repayment date of the loan due, but generally it will not be that long. If it is overdue for two or three months, it will generally start;

Credit investigation: Credit investigation is blacklisted. Once you have such a history and record the credit information, it will be difficult to get loans from other banks in the future. For example, if you want to borrow money to buy a house in the future, it will be even harder;

Check assets: after success, start to check the assets under your name, such as bank deposits, stocks, funds, real estate, etc. , which may be enforced under special circumstances.

Therefore, before borrowing money, you must consider your repayment ability and don't overspend, so as not to damage your reputation because you don't repay the loan. If there is really no way, you can consider borrowing it temporarily from your family and paying back this part of the debt first.

What if the sunshine loan is not repaid?

In the case that Sunshine Loan is not paid yet, first contact the customer service staff of the software to explain that they are not overdue intentionally, and then ask whether they can apply for a grace period, or whether they can pay the interest first and then the principal. If these can't alleviate the repayment pressure, the borrower can consult whether it can be mortgaged, temporarily mortgage the assets under his name to the platform, and then return it after the loan is paid off. Overdue repayment of Sunshine Loan will be reported to the central bank's credit record, because Sunshine Loan is a loan with banks such as Everbright and Guangfa. Once the credit record is generated, it will be kept for at least five years.

I. Introduction of Sunshine Credit:

"Sunshine Credit" refers to a brand-new loan method that banks put the whole process of customer's loan investigation, credit granting, pricing, operation process and public commitment service under the effective supervision of the public and banks, so that customers can understand the bank's loan process, at the same time, banks can understand their business conditions and enhance mutual trust between banks and customers.

Second, the characteristics of Sunshine Loan:

1, strong risk control system, strong professional risk control team, complete audit system and risk control system.

2. Low borrowing and high investment, and low lending interest rates in the industry make it easier for you to find borrowers; The investment income is high and stable.

3. Independent research and development system, simple and friendly operation interface, avoiding various financial loopholes, and automatically generating various reports.

4. Three years of steady operation has laid a good user base and strong fund-raising ability.

5.65,438+000% principal and interest guarantee. The loan of the platform has a unified principal and interest guarantee reserve, which provides investors with 65,438+000% principal and interest guarantee.

Iii. Basic information of Sunshine Loan:

Official website introduced that the Sunshine Loan Platform uses two third-party payment platforms, Guofubao and Alipay, to recharge investors and ensure the safety of funds; At the same time, with the help of the online banking system of commercial banks, the real-name registration system of both parties can be realized. At the same time, the real flow of platform funds can be monitored through telephone return visits and on-site inspections to ensure that there is no abnormality in the investment of funds; The financial statements of Sunshine Loan are supported by a professional and mature financial system, and the reconciliation is updated every day to ensure that the platform funds and account funds are consistent and avoid financial data confusion; At the same time, analyze the accounts of each loan, calculate the interest rate of the loan, do a good job of strict internal control, and ensure that there is enough reserve for principal and interest to cover overdue bad debts. Sunshine Loan has set up an accrued principal and interest guarantee reserve to provide guarantee for all loans traded on the platform; When the borrower is overdue or unable to repay the loan, it will start to withdraw the principal and interest guarantee reserve to guarantee the investor's principal and interest with 100%. Details can be found in official website.

I don't need sunshine for the time being. Is there anything to wait for? If I have money, I still seem to be collecting credit.

If you don't take credit at the meeting, it will have the following adverse consequences:

1, penalty interest and liquidated damages. If the loan is not repaid, the first thing you encounter is a high penalty interest. Some financial institutions need to pay fines on the basis of penalty interest. These expenses add up to a lot of money.

2. Credit damage. If you don't pay back the loan from the bank within the time limit, your personal credit report will be stained, and it will be even more difficult to apply for credit cards and loans in the future.

3. Collect in various ways. Banks and small loan companies have their own collection systems. Novices will send you text messages and call you to collect money. In serious cases, there will even be a collection staff pressing you around the clock, which will seriously disrupt your work and life.

4. Being seized, assets may be seized. Financial institutions will also arm themselves with laws. If you don't pay back the arrears, if the amount is relatively large, you will be paid.

If the circumstances are serious, you will go to jail. Generally speaking, such incidents as borrowing money and not paying it back are civil and will not rise to the criminal level. However, if the borrower refuses to implement it, it will be considered as a deadbeat and would rather run away than pay back the money. If the circumstances are very bad, the borrower will be investigated for criminal responsibility, and if it is too serious, it will go to jail.

Extended data

The functions of credit investigation are as follows:

1, to prevent credit risk

Credit information reduces the information asymmetry of all parties to the transaction and avoids the transaction risk brought by information asymmetry, thus playing a role in risk judgment and disclosure.

2. Expand credit transactions.

Credit investigation has solved the bottleneck problem that restricts credit transaction and promoted the conclusion of credit transaction. Promote the innovation of financial credit products and commercial credit products, effectively expand the scope and methods of credit transactions, and promote the expansion of the credit economy.

3. Improve the efficiency of economic operation

Reduce the cost of information collection in transactions through professional credit service. Shorten trading time and broaden trading space. It has improved the operational efficiency of economic entities and promoted economic and social development.

4. Promote the construction of social credit system.

Credit information industry is an important part of social credit system construction. The development of credit information industry is helpful to curb the occurrence of bad credit behavior, protect the interests of trustworthy people, maintain a good economic and social order, and promote the continuous development and improvement of social credit system.