What if the 360 loan is not repaid?

360 IOUs are used for credit information. If you want to return them as soon as possible, you must properly handle them.

At present, 360 loans overdue needs to pay a certain penalty interest every day. Under the installment repayment method, the formula for calculating the penalty interest of 360 IOUs for one day overdue is: overdue penalty interest = 5% of the repayment amount in each installment+0.65438+0% of overdue principal ×1.

It is protected by law. If it is overdue, it is better to repay it as soon as possible. If not, it will leave a bad record, which will have an impact on buying a house and car in the future. If you really don't repay for many times, you may be sued by 360. If the court still doesn't repay, you may be included in the list of untrustworthy people.

Extended data:

360 IOUs are still irrelevant methods:

1. You can contact 360 IOUs first and negotiate with them to re-determine the repayment method, including the term and amount.

2. Then, according to the agreed results, start to raise money for repayment. You can borrow money from relatives and friends or sell your valuables.

3. After paying off the debts, start to pay attention to protecting your credit, control your debts, and avoid similar situations.

Reference source: Southern Fortune Network-What if I can't get the loan?