What will happen if you spend a little money?

If the repayment is overdue, it will have the following adverse consequences.

1, there will be overdue fees, and all the arrears received will be paid off.

The longer the overdue time, the more overdue fees, and the greater the repayment pressure and burden.

2. The system will report the overdue situation to the central bank for credit reporting, leaving a bad record in the personal credit reporting, resulting in personal credit damage (the overdue bad information of credit reporting may be deleted by the system at least five years later).

3. The platform is likely to implement risk control. At that time, the quota may be lowered or even frozen, making it impossible to apply for a loan in Xiaoman.

Even if you borrow money from other financial institutions, most of them will be hindered by credit problems, and it is difficult to handle it successfully in a short time.

4. I will send text messages and call for payment. If there is no repayment after repeated reminders, and no one can be contacted all the time, and the amount owed is quite high, Du Xiaoman may bring a lawsuit to the court in order to recover the money.

If the court fails to repay the loan at that time, the court can enforce it.

However, if it is clear that it has the ability to repay, but deliberately fails to repay, it may be included in the list of people who have lost their trust by the court.

What if it's overdue?

1. Pay off overdue debts quickly. Only the sooner you pay off the arrears can you minimize the adverse effects caused by overdue, and the less interest you need to repay. Credit information that is damaged after the deadline will be easier to repair.

2. If you don't repay the arrears temporarily, try to do so first, and then you can contact the customer service of the platform to negotiate, inform the other party that you are temporarily unable to repay, and provide the corresponding proof materials, and then express your willingness to repay actively, and then try to apply for an extension of the repayment period to repay the arrears in installments.

In addition, try to borrow money from close relatives and friends, and pay off the arrears first.

There are many online loan big data systems that can provide online loan records. Important data information such as online loan application record, application platform type, overdue, overdue amount, credit card, estimated credit line of online loan can be found in Xiaoqi Credit Information.

Extended data:

What are the consequences of a small loans overdue?

Micro-loans are overdue, because micro-loans are credit products with credit reports. Once the lender is overdue, it will have an impact on personal credit and leave a record of non-performing loans.

At the same time, it will also be contacted by the platform to urge repayment. The platform will also calculate the penalty interest of the lender during the overdue period. As long as the loan is not paid off one day, the penalty interest pressure will always exist.

According to the official information of micro-loans, micro-loans do not support deferred repayment, so the lender must repay in full and on time according to the requirements of the loan contract after applying for a loan. There is no such thing as a grace period.

In addition, small loans cannot be repaid through negotiation, so the lender must bear a series of consequences after they are overdue.

Lenders will determine the installment period when applying for small loans. Once a decision is made, it can't be changed. The lender must repay the loan according to the prior agreement.

Therefore, in order to avoid a series of adverse consequences caused by overdue, lenders must keep calm and apply for loans objectively and reasonably when applying for loans.