I have many overdue online loans. What will happen?

It will leave a record in the third-party credit information and is likely to be blacklisted by online loans. If the circumstances are serious, you will go to jail.

The concept of online loan blacklist:

The online loan blacklist refers to the online loan overdue data platform that records the overdue data of online loans. Different from the credit blacklist, small loans that are not included in the credit report are basically included.

If an online loan is overdue and its cooperative third-party credit information platform leaves a stain on you, then the subsequent application probability in other online loans will be greatly rejected.

Reasons for blacklisting online loans:

1. Multi-head loan:

The same borrower applying for micro-credit loans on multiple micro-apps may be blacklisted, and the risk control will show that you have a high risk of overdue, so you are refused loans.

2. Microfinance is overdue for many times:

Don't think that small loans are just overdue; Not only will it be deducted, but it will also be blacklisted after being overdue for many times, and other loans will be rejected.

3. Intention to defraud loans:

You may not want to cheat loans, but this tendency to be interpreted by big data according to your industry, such as: false information, unnamed mobile phone number or less than three months of use, may be considered as a high loan risk factor.

4. Have bad habits:

Some small loan applicants have a lot of gambling and gambling apps in their mobile phones, and the risk control will think that you have no repayment ability, so they will refuse the loan.

After the loan is overdue for a long time or deliberately not repaid, after the amount exceeds 2000, it can already constitute a fraud crime and is in danger of being sued by the online lending platform.

If the online lending platform wins the case, the borrower will not only have to pay the money to be repaid, but also pay the litigation costs and huge fines of both parties, and even face jail time.

Due to overdue fees, different online lending platforms have different names and different charging standards. Whether it is called overdue penalty interest, overdue management or other various names, the charging standard is very high. Therefore, those who have the ability to repay on time should never be overdue.