What consequences will you bear if you don’t repay your online loan?

Possible consequences of non-repayment of online loans:

1. Bearing high overdue fees

For overdue fees, different online loan platforms have different names. The charging standards are also different. Whether it’s called overdue penalty interest, overdue management, or other various names, the charging standards are very high. Therefore, if you are able to repay your loan on time, do not overdue it.

2. Accept the platform’s fancy collections

Collections are generally divided into three stages: In the first stage, just a few days overdue, the platform customer service MM whispers and warmly reminds, telling You are already overdue, please repay on time; in the second stage, if you are overdue for a long time, the platform customer service will give a serious warning, threatening that you will face serious consequences if you do not overdue again; in the third stage, if you are overdue for a long time, the platform will no longer be able to persuade you. Practical action. There are many types of actual actions, for example: the platform will push your debt information to your relatives and friends, making you lose face in your circle of friends; the platform will arrange specialized collection personnel to come to collect collections, communicate face-to-face to collect accounts, etc. Of course, these are relatively mild. Some platforms outsource debt collection and let specialized debt collection companies handle the debt collection. I believe borrowers are not willing to encounter the "violent debt collection" scandals reported some time ago by debt collection companies.

3. Facing a national trust crisis

Now online lending platforms have established a blacklist system, and the blacklist platforms have begun to communicate with each other. If you fail to repay a loan on one platform overdue, it will be very difficult to borrow again on other platforms. In addition, online lending platforms will publicize the blacklist through their own websites, Weibo and other online channels, and even on large screens at train stations and airports. Let the people across the country know that these "old people" borrow money and refuse to repay it! Of course, except for those who owe money maliciously, ordinary borrowers will not go to this step.

4. The People’s Bank of China’s credit reporting system is tainted

Currently, most online lending platforms have not yet connected to the People’s Bank of China’s credit reporting system, but access to the People’s Bank of China’s credit reporting system has become an inevitable trend. In the future, overdue loans on online loan platforms will be recorded in the People's Bank of China's credit reporting system just like overdue bank loans and credit cards, causing credit stains. If the previous consequences were just a loss of face, then the stain on the credit report will affect real life. If you want to buy a house, you can't get a loan, if you want to buy a car, you can't get a mortgage, etc.

5. The defendant goes to court

If the loan is overdue for a long time or deliberately fails to repay, and the amount exceeds 2,000, it can constitute a crime of fraud, and some online loan platforms have been sued in court. danger. Once the court rules in favor of the online lending platform, the borrower will not only have to pay the required repayment, but also pay both parties’ litigation costs and huge fines, and may even face jail time.