How long will it take for my family to be contacted if my loan is overdue? You need to understand the consequences of overdue borrowing

As a small cash loan product within Alipay, Jiebei has always been well received by many Alipay users. After applying for a loan, the borrower needs to repay the loan on time according to the repayment date stipulated in the contract. If it exceeds the repayment date, it will be considered overdue. How long will it take for my family to be contacted if my loan is overdue? Everyone must understand the consequences of overdue borrowing!

How long will it take for my family to be contacted if my loan is overdue? Generally speaking, after the loan is overdue, the official debt collectors will not contact the borrower’s family. According to regulations, unless the borrower loses contact, or refuses to repay, or has a bad attitude, collection officers may contact the borrower's family members as appropriate. When the borrower cannot be contacted for more than 3 months, in addition to contacting the borrower's family members, Jiebei collection personnel may also use the information on the borrower's previously registered home address and ID card to conduct door-to-door collection. In addition to the above measures, if the borrower fails to repay for more than 6 months, the Borrower official may also sue the borrower. Once the court determines that the user has the ability to repay but fails to repay, he will be included in the list of dishonest persons subject to execution. Once listed as a dishonest person subject to enforcement, the borrower will not only suffer personal credit damage, but also be restricted in some other high-consumption areas, such as not being able to stay in star hotels, not being able to fly, etc., so it is recommended to deal with it as soon as possible once it is overdue. , the sooner you pay it off, the smaller the consequences. If the loan is overdue for more than 3 months, the borrower will also be banned from using the loan. Borrowers need to pay off their debts first, and then maintain their credit well. By accumulating new good consumption and repayment records, they will gradually cover up old bad records. When personal credit is improved, the use of borrowing money may be restored. It is recommended to wait 3 See again in 6 months. The above is the sharing of relevant content on "How long does it take for your family to be contacted if your borrowing is overdue?" I hope it can help everyone!