Is the text message sent by the loan true?

Hello, it depends on the content of the message. Usually it's because you went to loans overdue or didn't pay the loan. Now I'm sending you a message to repay the loan. If you have applied for a loan, you'd better contact the loan platform as soon as possible.

Consequences of overdue repayment

1. Personal credit information is affected.

Penalty interest for owing money is only the first step, after which the applicant's personal credit will be affected. We all know that we attach great importance to the construction of credit system and are making great efforts to build credit. Credit information systems in various regions, departments and fields are gradually being implemented, and various disciplinary and incentive measures are constantly being improved and upgraded. Personal credit will play an increasingly important role in our future life.

If the applicant fails to repay the loan, it will leave a credit "stain" on the applicant's personal credit report, and further application for loans and credit cards will be blocked everywhere. At present, many financial institutions have access to the data of third-party credit reporting companies, and the applicant's lending data, shopping data, credit card repayment data and other information on other platforms can be easily retrieved.

2. Penalty interest and liquidated damages have been incurred.

No matter where the applicant applies for a small loan, he will sign a corresponding loan contract with the borrowing institution. Since he signed the contract, of course, he should act according to the contract and fulfill his repayment obligations. Once the contract expires, the applicant fails to repay the amount owed, and the first thing the applicant encounters is the penalty interest, and some institutions will also charge a certain amount of liquidated damages according to the contract. If the applicant still fails to pay back the money, the penalty interest of the applicant will increase with the passage of time, and the pressure on the applicant to pay back the money will increase in the future.

If the circumstances are serious, you may go to jail.

Generally speaking, owing money is not a civil dispute. However, if the borrower refuses to carry out the judgment and resolutely refuses to recognize it after the court has issued it, that is another matter. The court will investigate criminal cases, and if the circumstances are serious, it is likely to bear criminal responsibility.