The micro-loan is overdue, and people want to sue now, so I have no money to pay it back for the time being. What should I do?

If there is no money, you can only respond to the lawsuit normally and then pay it back according to the court decision. Usually, overdue microfinance will have the following consequences:

1. Write it into the credit report: credit investigation at the micro-loan meeting. If it is overdue, it will affect personal credit information and form certain resistance to the borrower's future loan application and credit card application.

2. High penalty interest: after a small amount of loans overdue, in addition to the normal interest, high overdue interest is required, and a penalty interest of 50% of the agreed interest rate is charged for the overdue principal amount every day until it is paid off. Default interest for overdue = overdue principal x daily interest rate x50%x overdue days.

The impact of online lending big data on individuals is to apply for new loans, which is difficult to re-approve. Although online lending is very convenient now, we must spend rationally, pay attention to repayment on time, and maintain our credit record.

Long-term application for online loans must pay attention to your own online loan big data to prevent it from becoming a blacklist of online loans because of blind application.

On WeChat search: Xiaoqixin search. Click Query, enter information to query your own 100-line credit data, which come from the national online lending platform and UnionPay. Users can query their own big data and credit status, obtain various index data, and query their own personal credit status, blacklist status, online loan application records, application platform types, online loan credit line estimation and other important data information.

Compared with the central bank's personal credit report, online lending big data has a wider scope and more diverse institutions. It is a part of personal credit records and a useful supplement to the traditional personal credit report.