What are the consequences of the ability of online loans to repay outstanding debts?

1, resulting in penalty interest. Credit loans overdue, the lender will first collect the loan, remind the borrower to repay, and the interest rate will rise as a daily penalty.

2. Bad credit records will be generated, which will affect future loan and credit card processing.

3. You can't enjoy preferential loans or even apply for loans.

4. Being blacklisted, children can't go to key schools.

5. Affect your career.

6. The bank sent a lawyer's letter to the court for prosecution.

7. After the judgment is made, it will be enforced.

8. Those with serious circumstances will be punished by law.