Save it. Will you be prosecuted if you fail? What's the impact?

No lawsuit will be filed within 3 months after the general deadline. If it is overdue, it will generally charge a corresponding fee and affect personal credit information. The province is a small online loan, and the amount is generally not too large. Unless the situation is particularly bad, there is a high probability that you will not be prosecuted. After all, they also have to consider the collection cost and success rate.

If you don't pay within the time limit, it may have the following effects:

1. When you fail to repay the loan within the time limit, the platform will regard you as a breach of contract and charge a late fee of 5% of the principal. It will also charge a certain overdue penalty interest according to the contract. Overdue penalty interest may increase your burden.

2, platform fancy collection. You may encounter phone calls, text messages, door-to-door collection and other collection behaviors;

3. Records are uploaded to the credit information system. If it is overdue, the province will upload your bad records to the credit information system, which will affect your loan business.

legal ground

Article 675 of the Civil Code stipulates that the borrower shall repay the loan within the agreed time limit. Article 676 of the Civil Code stipulates that if the borrower fails to repay the loan within the agreed time limit, it shall pay overdue interest in accordance with the agreement or relevant state regulations.