What happens when you don't answer the phone after loans overdue?

If you owe an overdue loan and don't answer the phone, the following may happen:

1. Increase of collection notice: the online loan company will contact you in various ways, including calling, texting and emailing. If you don't answer the phone, they may continue to increase the frequency and intensity of reminders.

2. Increase of overdue fee: overdue fee will lead to the accumulation of penalty interest and late payment fee, which will increase the loan amount. And if you don't answer the phone, you may not know the change of the arrears in time.

3. Damaged credit record: Overdue repayment will have a negative impact on your credit record. If you don't answer the phone and actively communicate with the online loan company to solve the problem, they may report your overdue records to the credit reporting agency, thus affecting your future credit rating.

Summary: Failure to answer the phone for overdue loans will lead to an increase in collection notices, an increase in overdue fees and damage to credit records. In order to better understand your credit situation and overdue information, it is recommended to obtain the online loan big data report of online loan data for inquiry.

Extended data:

Overdue repayment will not only bring economic pressure, but also lead to legal disputes and credit risks. Therefore, timely communication with online loan companies and seeking solutions are the key to avoid adverse consequences. At the same time, getting personal credit report in time and understanding relevant laws and regulations can also help you better deal with the problem of overdue repayment.