What will happen if the online loan is not paid?

The impact of online lending mainly includes the following aspects.

1, collected by online lending platform.

The online loan is not overdue. From the day after the repayment date, the borrower will receive a collection message from the online loan platform every day, and a staff member will call the borrower to repay.

With the extension of overdue time and the increase of arrears, the means of collection will rise to door-to-door and prosecution, which will seriously affect the daily work and life of borrowers.

2. Overdue credit information is getting worse.

Once the credit information on online loans is overdue, it will be reported to the credit information system, and the borrower's credit will become worse. The longer the overdue period, the more serious it will be, and it will take five years to recover after paying off the debt.

Once the borrower is overdue for more than 3 months, it becomes a typical credit black account and cannot handle any credit business within 2 years.

3. Pay overdue fees.

Online loans generally charge two kinds of fees, one is overdue penalty interest, which is charged at 1.5 times the normal lending rate of online loans every day; Generally, it is a penalty, which is charged at 3% of the outstanding principal.

The longer the overdue time, the more overdue fees will be paid, and the greater the repayment pressure of the borrower.

4. limit borrowing.

Most online loans can be recovered within the available quota, but each loan will refer to the previous loan records. For example, if it is overdue and the circumstances are serious, the platform will refuse the borrower to borrow again after evaluation.

5. Become a person without faith.

If the borrower is overdue for more than three months and has not repaid after repeated collection by the online lending platform, the online lending platform will sue the borrower through legal channels. If the borrower has the ability to refuse to repay, the court can include him as the person who has broken his promise, then the borrower can no longer make high consumption, and his bank card and assets will be frozen.

You can enter information in "Beijian Quick Check" to know your personal credit status, including important data such as online black index score, blacklist, online loan application record, application platform type, overdue, overdue amount, credit card and online loan estimated credit line.

Extended data:

What is the impact of overdue online loans?

Overdue online loans will have the following adverse effects.

1. From the overdue date, default interest will be generated continuously until it is fully paid off.

If the overdue time is long, the penalty interest is estimated to be quite large. After all, the penalty interest rate charged by many loan platforms will rise above the normal loan interest rate, and the repayment pressure will increase.

2. The platform system will report the overdue situation to big data (some lending platforms and their cooperative lending institutions have access to the central bank for credit investigation, and may even report it to the central bank for credit investigation), thus leaving a bad record in big data (credit investigation), resulting in personal credit damage.

3. The platform is likely to implement risk control, reduce the loan amount of the account, or even directly freeze the loan amount, resulting in temporary inability to borrow.

4. Due to the credit damage, borrowing from other lending institutions/platforms will also check the credit, so subsequent borrowing from other lending institutions/platforms may also be hindered, and it is difficult to borrow successfully in a short time.