Is there anyone who owes Jiufuwanka money and doesn't pay it back ... what will happen?

1, resulting in liquidated damages According to the provisions of the loan contract, the arrears will not be charged as liquidated damages by Jiufuwanka. Generally speaking, the collection standard of liquidated damages is much higher than the loan interest rate, not a small amount.

2, hundreds of lines of credit information Although Jiufuwanka can't get credit information from the central bank, it will get hundreds of lines of credit information. This is an institution established under the guidance of the central bank, and the loan records of general online loans will be uploaded here. When applying for loans on other online lending platforms in the future, they will be rejected because of overdue records.

3, the collection of address book Jiufuwanka is also very fierce. The address book will not be discussed, but will be started after the deadline, until you pay off the debt. 4. If the court fails to pay back for a long time and ignores the collection of missing persons, it will receive a notice of arbitration and be included in the list of old lai, and loans and travel will be restricted in the future.

The consequences of not paying back Jiufu Wanka

1, charge penalty interest. Jiufuwanka will charge a penalty interest after it is overdue, which is generally much higher than the original interest, and there will be various charges such as overdue management. In addition, once the borrower is overdue, it will be bombarded by all kinds of text messages and telephone calls, and may even explode the address book and lose face in front of relatives and friends.

2. Court arbitration. If the borrower fails to repay the loan for a long time, it may be subject to legal arbitration. Once he is classified as a dishonest person, there will be many restrictions that will seriously affect his personal life. It is worth mentioning that some netizens said that Jiufuwanka will also report the borrower's bad lending behavior to Sesame Credit, which will greatly improve the borrower's sesame score.

In terms of the protection and punishment of the rights of the faithless, Jiufuwanka introduced the arbitration mechanism. When applying for a loan, the user must agree and confirm to start the arbitration procedure in advance and sign an arbitration mediation agreement. Prior to this, due to the small loan amount, it was difficult to defend rights through the traditional legal relief model, and the long and complicated legal proceedings led to high cost and low efficiency in safeguarding rights. After the introduction of arbitration procedure, on the one hand, it can achieve efficient and rapid arbitration intervention on overdue loans, on the other hand, it can set up a firewall function at the business entrance of new business to control overdue risks at the front-end source. According to Article 9 of the Arbitration Law, arbitration is final, and the arbitral award shall take legal effect once it is made by the arbitration institution. In other words, when the borrower actually fails to repay the loan, the arbitration institution may make an award according to the signed arbitration mediation agreement, and may request the people's court for compulsory execution according to the arbitration award. From this, it can be seen that the statement that "you don't pay back the money, you don't go to the credit" is completely untenable. Once it is included in the list of dishonesty in the credit information system, it is probably nothing to be proud of. In fact, the society's "punishment" for the faithless is far from it. As far as Jiufu Wanka is concerned, Jiufu is the initiator and access unit of information sharing systems in many industries. Once the promise is not kept within the time limit, the information of dishonesty will be properly disclosed, resulting in the inability to enjoy services such as consumption staging on other platforms.