Will overdue online loans freeze the money in other bank cards for two months?

Yes, the overdue loan for two months may cause the money of other bank cards to be frozen. The following are the relevant points to explain the reasons:

1. Collection measures: In China, when the borrower fails to repay the loan, the lending institution usually takes a series of collection measures, including but not limited to telephone calls, text messages, door-to-door collection, etc.

2. Joint credit reporting agency: The lender can report the overdue situation of the borrower to the credit reporting agency. Once the borrower is blacklisted, other financial institutions will be able to find this information.

3. Freezing funds: Some borrowing institutions or credit reporting agencies may cooperate with commercial banks to directly freeze the funds in other bank cards after the borrower is overdue to force repayment.

4. Legal procedures: If the borrower refuses to repay or is unable to repay, and the lender chooses to go through legal procedures, the court may order to freeze the borrower's deposit to ensure the repayment of the debt.

Summary:

Overdue online loans for two months may lead to the freezing of other bank card funds. This is because the lending institution has the right to take collection measures and report the overdue situation to the credit reporting agency, thus affecting the borrower's credit record. Some institutions may cooperate with commercial banks to directly freeze the funds in other bank cards of borrowers. In addition, if the lending institution chooses to go through legal procedures, the court also has the right to order the freezing of the borrower's deposits to ensure the repayment of debts.

Extended data:

According to China's current laws and regulations, the personal credit information system has been established and shared with various financial institutions. Overdue repayment will have a negative impact on personal credit records, which may limit borrowers' financial activities, including applying for loans and credit card lines. The handling methods and specific collection measures of overdue loans may be different due to the policies and contract terms of lending institutions. Therefore, timely repayment is the key to maintain a good credit record.