What happens if you don't answer the phone after the deadline?

If the user doesn't answer the call after loans overdue, the consequences include: stepping up the collection, calling the contact person, collecting at home, being sued by the lending institution, and being dealt with by the lending institution.

1. Step up the collection. If the collection staff can't contact the lender by phone, the collection will be intensified. In addition to increasing the frequency of phone calls, the collection staff will also send a large number of collection messages to users. When there are many calls and messages, it will seriously affect the daily life of users. If there is no legal collection by the collection personnel, there may be violent collection. After that, users still need to complain or report to relevant departments, which can be said to be more troublesome.

2. Call the contact. If the lender refuses to answer the collection call all the time, the collection staff will call the contact person for collection. In order to avoid being unable to contact the lender himself after loans overdue, most lending institutions require users to provide contact persons when applying for loans. However, after loans overdue, the long-term collection from the lender fails, or the lender cannot be contacted for a long time, so the collection staff will call the contact person for collection.

3, door-to-door collection. If the overdue situation is serious, and the collection personnel can't contact the lender by phone, they will choose to collect at home according to the residential address or ID card address provided by the lender. Some lending institutions outsource the collection to a third-party company, and the third-party company will collect it.

4. Being sued by a lending institution. After the user is sued, he needs to actively respond to the lawsuit, otherwise the court will directly judge the user to lose the case. After losing the case, users not only need to return the loan principal, loan interest, overdue penalty interest, liquidated damages, etc. You also need to bear legal fees, attorney fees and other expenses. In this way, the repayment pressure of users will be even greater, and the court will enforce it if they still do not repay after being sentenced. After being enforced by the court, the assets under the user name will be frozen, which will seriously affect daily life.

5. Lending institutions handle bad debts. When the loan user is overdue for a long time, the lending institution cannot recover the arrears through collection, but does not want to sue the user, it will directly treat the arrears as bad debts. At this point, the overdue records in the user's credit information will become bad debt records, which are seriously overdue records. There are bad debts in the credit report, and users will not be able to apply for other loans in the future.

Moreover, the longer the bad debt record exists, the greater the negative impact. In the long run, the bad debt record will become a credit stain. There is a credit stain in credit investigation, which will not only affect the handling of credit business, but also affect users' subsequent examination of civil servants and job hunting.