What should I do if I don’t pursue repayment after repaying the debt?

I was compensated by the other party’s insurance company. It has been several months, but the other party has not asked me to claim compensation. What should I do?

The other car owner has already received the compensation after the other party’s insurance company subrogated compensation, so there is no need to contact you anymore. Your current relationship is the relationship between you and the other party’s insurance company

Insurance Compensation

Insurance subrogation is a basic system in the insurance law. Its purpose is to provide double protection for the insured to ensure that the insured's losses are fully compensated. At the same time, the insured will not benefit excessively due to insurance compensation.

The right of insurance subrogation, also known as the right of insurance subrogation, refers to the right enjoyed by the insurer to subrogate the insured's claim rights against a third party that is liable for damage to the insured subject matter. “Insurance subrogation is a creditor’s rights transfer system recognized by the insurance laws of various countries based on the principle of insurable interest to prevent the insured from obtaining double benefits.” It is generally believed that the essence of insurance subrogation is the specific application of the civil law settlement subrogation system in the field of insurance law.

Can I negotiate repayment after insurance compensation?

After compensation, you can try to negotiate, but the chance of success is very small. In principle, users need to settle the loan principal, interest, liquidated damages, etc. all at once. Unless the insurance company is in urgent need of fund recovery, it is basically impossible to agree to the user's negotiation requirements without losing profits.

It is recommended that users take the initiative to negotiate with the lending institution before being reimbursed, and there may be a chance of successful negotiation. Moreover, compensation on the credit report is a relatively serious bad credit behavior, so it is better to deal with it as soon as possible, and there is no need to delay the compensation stage.

In addition, some users have a misunderstanding about insurance reimbursement. They feel that they can’t pay back the insurance they bought. Since the insurance company paid the money on their behalf, they don’t have to pay it back. In fact, to put it bluntly, this "guarantee insurance" is to reassure the platform, protect the interests of the platform, and improve the borrower's approval rate. After compensation, it only transfers the debt relationship, which does not mean that it no longer exists. What should I do if I cannot repay the online loan? This consequence is the most serious

Many people often take out online loans and fail to repay them. After being collected for a period of time, there is no movement. After checking the credit report, it is found that there is a compensation record for the unpaid online loans, but Because the borrower did not repay the loan himself, the debt still exists. It’s just that the creditor has changed and the loan still has to be repaid. So what happens if it doesn’t? Let’s look at the consequences.

1. Why do online loans have compensation? Online loan repayment mainly refers to the insurance company repaying the borrower after the lender is overdue. Because many loan platforms now cooperate with insurance companies in order to reduce the bad debt rate, requiring borrowers to buy insurance when borrowing money. If the insurance is purchased, the borrower's debt will be guaranteed by the insurance company, and the borrower will not be able to repay the money. , the insurance company is obliged to repay the loan. After the insurance company repays the loan, it will be reported to the central bank for credit reporting and a repayment record will be left on the credit report. At the same time, the borrower's creditor changes from an online lending platform to an insurance company and needs to repay the money to the insurance company. company.

2. What should I do if I cannot repay the online loan? 1. Online loans are subject to repayment, and the borrower's credit record will never be restored. In addition, repayment is a serious bad record. With such a record, any future applications for loans or credit cards will be rejected by the bank. Being listed as a person who refuses to communicate is equivalent to being on a blacklist. 2. The insurance company will collect money from the borrower. If the borrower does not repay for a long time, there is a high chance that the borrower will be sued in court. Once the insurance company wins the case, the borrower will also have to bear the legal fees and will be ordered to repay by the court. Refusal to comply may result in criminal liability, which has serious consequences. In short, the consequences of non-repayment of online loans are very serious. It is recommended to return the money to the insurance company as soon as possible. Your credit report will be restored 5 years after the debt is paid off. What to do with the repaid loan in the later stage

After the loan has been repaid, the user still needs to pay it back. Reimbursement means that after the user's loan is overdue, the insurance company or a third-party company will return the overdue debt to the lending institution, so that the subsequent user needs to return this part of the money to the insurance company or third-party company. Since the essence of compensation is that the user is overdue, the overdue balance must still be paid off in the future.

Otherwise, the compensation record will remain in the credit report, and according to the serious situation analysis, the compensation record and the overdue record are more serious. If there is a compensation record in the credit report, you will not be able to apply until the record is deleted. Any credit inquiry for credit information.

The consequences if the applicant’s online loan is repaid:

1. The borrower’s actual borrowing interest will be higher. Although the annual interest rate stated in the loan contract does not exceed 24%, the sum of the loan principal, management fees, interest, liquidated damages and other expenses far exceeds the annual interest rate of 24%, or even reaches 70%.

At the same time, there is also a process of suspected violent collection. The compensation platform will urge the borrower to repay through bombardment of phone calls and text messages, and the phone calls and text messages contain personal threats. At the same time, the liquidated damages set are very high, calculated on a daily basis, maybe 1% per day.

2. The authenticity of the borrower’s loan is doubtful. Most of the loans are for consumption in installments. In fact, they are cash obtained without the fact of consumption. At the same time, if you borrow 5,000 yuan, after deducting the management fees charged by relevant personnel and the company, you will only get 3,000 yuan in the end, and you will have to repay 5,000 yuan or more.

3. Some compensation companies only provide a compensation statement issued by an online loan company to file a lawsuit, proving that the loan has been repaid on behalf of the defendant. Although the compensation statement is stamped with the company's seal, its authenticity cannot be determined. Verify.

4. The standards of round referees are not uniform in various places. Judgments on the Judgment Documents website have different standards. Some courts believe that the principal of the loan is the price of the commodity, while some courts believe that the principal of the loan is the price of the commodity plus the management fee. Some courts have fully supported the plaintiff’s claims, and some courts have considered the management fee to be the same. The portion where the sum of fees, interest, liquidated damages and other expenses exceeds 24% of the annual interest rate will not be supported.

5. When the borrower is overdue, the platform that may lend you the loan may not have the right to report the credit report, but the repayment can be reflected in the credit report, which will cause the borrower to Your credit qualification is damaged and you enter the credit blacklist.

If the borrower wants to erase this record, he needs to contact the insurance or guarantee company that reimburses you and handle the payment. Otherwise, he will always be a credit blacklist. How to deal with the loan that has been paid off later? The method is very simple

Many loan platforms will ask the borrower to purchase insurance when borrowing, and the insurance company will serve as the lender's guarantor. In this way, the insurance company will reimburse the lender if the borrower fails to repay. . Some people want to know how to deal with the loan that has been paid off later? Here is a brief introduction, and interested friends can learn more about it together.

How to deal with the loan that has been repaid later? In fact, it is very simple. There are two things that must be done well. One is that the borrower pays off the debt, and the other is that the borrower waits for the credit report to be restored. 1. The borrower's debt repayment refers to the repayment of the debt repaid by the insurance company. Although the insurance company will pay compensation to the loan platform within 90 to 180 days after the borrower is overdue, it does not mean that the borrower himself will not pay off the debt. Need to repay. After all, the borrower's debt still exists after the repayment, but the creditor has changed from the loan platform to an insurance company. After the insurance company helps the borrower repay the loan, the next step will be to start recovery from the borrower, and the insurance company will collect the debt from the borrower. It is best for the borrower to take the initiative to contact the insurance company for repayment. The debt will not be truly settled until the insurance company has paid off the money. If repayments are not made, the insurance company will most likely sue the borrower. 2. Wait for the credit report to be restored. After the borrower's debt is repaid by the insurance company, the credit report will show compensation. This type of record is more serious than overdue. It can be said that if it is not eliminated, no credit business can be done in one day. After the borrower pays off the debt owed to the insurance company, the borrower can ask the insurance company to modify the credit record and eliminate the compensation record. However, because the borrower has been overdue for a long time when the insurance company compensates, the overdue debt still exists even if the compensation record is gone, and it can only be eliminated 5 years from the date of repayment. Therefore, borrowers should not rush to get a loan or apply for a credit card in the short term. They should spend at least two years improving their credit score and start from two aspects. On the one hand, it is necessary to maintain it, that is, to avoid having a bad credit record; on the other hand, it is necessary to control it, and do not apply for loans or credit cards during this period of time to improve your credit score to avoid having your credit score checked. The above is the relevant introduction of "how to deal with the loan that is paid off in the later period". I hope it will be helpful to everyone.