What will happen to online loans?

What will happen to the money borrowed online?

Owning online loans will not have the following consequences:

1. Pay penalty interest and liquidated damages. If the borrower fails to repay, and the repayment date is overdue, the online lending platform will charge liquidated damages and penalty interest;

2. Telephone collection. Online lending platforms generally have special collection personnel, who will always call you for collection, and will also call your contacts and parents in your address book;

3. Arrive. If the borrower is overdue for a long time, the online loan company will come. If the borrower does not repay, it may be forced to auction real estate, cars and other properties for repayment.

merits and demerits

superiority

High annual compound income

The annual interest rate of deposits in ordinary banks is only 3%, and wealth management products and trust investments are generally below 10%, which is incomparable with the annual interest rate of online loan products above 20%.

Simple operation

All the processes of authentication, bookkeeping, clearing and delivery of online loans are completed through the network. Both borrowers and lenders can achieve the purpose of lending without leaving home, and generally the amount is not high and there is no mortgage. It is convenient for both borrowers and borrowers.

Pioneering thinking

Online lending has promoted the interaction between industry and finance, changed the observation horizon, thinking context, credit culture and development strategy of loan companies, and broken the original lending situation.

disadvantaged

Unsecured, high interest rate, high risk

Compared with the traditional loan method, online loan is completely. Moreover, the central bank has repeatedly made it clear that the annual compound interest rate exceeds 4 times the bank interest rate and is not protected by law. It also increases the high risk of online lending (generally 7 times or even higher than the bank interest rate).

credit risk

The inherent capital of online lending platform is small, so it can't undertake large amount of guarantee. Once there is a large loan problem, it is difficult to solve it. Moreover, some borrowers also make loans for the purpose of fraudulent loans, while the founders of the loan platform have some ulterior motives, and cases of absconding with money also occur frequently.

Lack of effective supervision means

Because online lending is a new financing method, the central bank and the China Banking Regulatory Commission have no clear laws and regulations to guide online lending. For online loans, the regulatory authorities are mainly neutral, do not violate the rules, and do not recognize them. However, with the prevalence of online lending, it is believed that relevant measures will be formulated and implemented in time.

What are the consequences of online lending?

Applying for online loans will affect personal credit information, which is mainly reflected in the number of inquiries made by online loan companies about your credit information and the number of applications you have made. Next, I will explain it to you from the following points:

First, applying for this kind of loan will affect your loan in the bank.

Second, the interest rate for applying for such loans is higher.

Third, there are limited repayment options for applying for such loans.

Fourth, the amount of such loans is low.

1. If the online loan is not repaid on time, the overdue record will be submitted to the credit information system to leave a bad record. The more serious the overdue situation, the greater the impact on credit reporting. In particular, it has been overdue for three consecutive years in two years and belongs to a proper black household. Even if the arrears are paid off later, it will take five years to recover. If you apply for credit business again during this period, whether it is a credit card or a loan, you will be directly rejected.

2. Online lending has no self-control. When people saw what they were applying for, they applied for more than a dozen loans in just a few months. Even if any one of them succeeds, there are too many loan approval records on the credit investigation, which will have a bad influence on the credit investigation. Such people will be rejected if they apply for loans or credit cards again. It is best to spend 3-6 months to improve the credit information.

The consequences of not returning it are as follows:

1. Bad credit records will affect future loans and credit cards, and future mortgages and car loans will be affected.

2. You can't enjoy preferential loans or even apply for loans.

3, close the blacklist, children can not go to key schools, and there will be more penalties in the future. It can be said that life will be difficult.

4. If the personal career is affected and overdue for more than 90 consecutive days and the circumstances are serious, the bank or school will publish the ID number and overdue information in the media or notify the work unit.

5. If the circumstances are serious, they will be punished by law.

legal ground

According to Article 3 13 of the Criminal Law, those who refuse to execute the judgment or ruling of the people's court, if the circumstances are serious, shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or fine; If the circumstances are especially serious, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than seven years and shall also be fined.

Applying for online loans will not affect personal credit information, but if the number of online loans is too frequent and multiple platforms apply at the same time, it may lead to more credit information and affect everyone's future loans. The specific situation needs to be determined by combining everyone's online loan repayment and loan times.

Personal basic information, including name, certificate type and number, mailing address, contact information, marital status, residence information, occupation information, etc. ;

What will happen if the loan platform is overdue?

The consequences of overdue loan failure are:

1, which will result in high overdue penalty interest;

2, will collect;

3. If the borrower still fails to repay the loan after the judgment, the lending bank may apply for compulsory execution and will seal up and freeze the property of the person subjected to execution according to law;

4. If the person subjected to execution has the ability to perform and refuses to perform, the person subjected to execution may be included in the list of untrustworthy persons;

5. If the circumstances are serious, it may constitute the crime of refusing to execute the judgment.

Legal basis: Article 313th of the Criminal Law of People's Republic of China (PRC).

Refusing to carry out the people's judgments or orders, if the circumstances are serious, shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or a fine; If the circumstances are especially serious, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than seven years and shall also be fined.

If a unit commits the crime mentioned in the preceding paragraph, it shall be fined, and the directly responsible person in charge and other directly responsible personnel shall be punished in accordance with the provisions of the preceding paragraph.

1. List of Top Ten Borrowing Brands:

1 Ping An Pratt & Whitney: Since 2005, the affiliated companies of Ping An Group engaged in financing guarantee/financing consultation/microfinance business have been collectively positioned as loan service institutions serving inclusive finance.

2. CreditEase Pratt & Whitney: inclusive finance comprehensive service platform under Yimenko, a financial technology enterprise listed on NYSE, providing professional loan information consulting services, a pioneer in inclusive finance and inclusive finance, and a wealth management financial technology enterprise.

3. Micro-loan: Shenzhen Qianhai Weizhong Bank Co., Ltd., Tencent Weizhong Bank launched a pure online personal micro-credit revolving consumer loan for WeChat users and mobile QQ users.

4. Ant Borrowing: Ant Financial Services provides inclusive finance services for small and micro enterprises and individual consumers. It is a consumer loan service launched by Alipay for individual users, and online merchant loan is a loan service customized by online merchant bank for small and micro operators.

5. Pleasant Loan: The personal credit and loan consulting service platform launched by CreditEase on 20 12 is owned by Pleasant Loan Jinke, a company listed on NYSE. 20 19 integrate the online loan business of Yixin Huimin and hengcheng technology development (Beijing) co., ltd.

6.JD.COM Gold Bar: JD.COM, a subsidiary of JD.COM Technology, provides customized cash loan services for users and is positioned as a digital technology company serving financial institutions, JD.COM Technology Holdings Co., Ltd.

7. Baidu has money to spend: Baidu Financial Credit Service, a credit service brand under Xiaoman Finance, provides personal consumer credit services for the public, and uses Baidu's technology and scene advantages to create an innovative consumer credit model, Xiaoman Technology (Beijing) Co., Ltd.

8. Suning's willful loan: With the help of Suning's online and offline user groups, unique O20 retail model and full value chain business model from procurement to logistics, Suning Finance has established business modules such as payment account, investment and wealth management, consumer finance, corporate payment, crowdfunding and insurance, and created a series of products such as Suning Yifubao, Suning Wealth Management, willful payment, supply chain financing and extended warranty of electrical appliances, providing multi-scenario financial services for consumers and enterprises.

9. Gitzo Consumer Finance: 1997 started. It is an internationally renowned consumer finance service brand under Czech Gitzo Group and a large international financial investment group in Central and Eastern Europe, Gitzo Consumer Finance Co., Ltd.

10.360 IOU: 360 Digital Group's consumer credit platform, focusing on providing instant credit services for individuals and small and micro enterprises, financial technology platform driven by artificial intelligence, Nasdaq listed company, 360 Digital Group.