I owe a lot of credit cards and online loans. What should I do if I can't afford it?

Overdue repayment of online loans will affect the borrower's credit information. Many online loan products also have overdue penalty interest and late payment fees. If it is overdue for a long time, the lending institution will collect it, which will affect the normal life of the borrower. The loan of 654.38+0.4 million yuan cannot be repaid. It is suggested that borrowers actively communicate with customer service before each online loan product is overdue to see if it is possible to negotiate to postpone repayment or extend the repayment period to reduce the negative impact on credit reporting.

1. How to negotiate repayment of overdue online loans?

Actively negotiate and take the initiative to repay. Don't wait for the overdue online loan call to come before you want to negotiate. You can take the initiative to contact customer service, negotiate repayment before the deadline, and give a grace period or directly reduce the interest rate. If the customer service doesn't agree, you can call more times. Communication with the collection staff needs to be sincere, not just saying that there is no money. We are tired of listening to patients. After talking about the difficulties, express your good repayment intention, list the repayment plan, and show that you have work income and are trying to raise money. If there are irregularities in online lending, such as membership fees and audit fees. Or there is a phenomenon of violent collection, you can keep relevant evidence, understand certain legal knowledge to negotiate, pay attention to proper words, and avoid verbal violence.

Second, what are the precautions for overdue repayment?

You can't refuse to answer the phone. You know, escape is not the way. Harassing contacts without answering the phone. Maintaining telephone contact is conducive to negotiations. Don't panic if the address book bursts. You can send a circle of friends to indicate that your identity information has been leaked, or you can ignore it. To prevent illegal collection, such as false lawyer's letter, summons, arrest warrant, etc. The other party will commit a felony and can call the police or handle the complaint. If someone contacts you through fake collection, you can only repay the principal and let you transfer money privately. Never believe it. Whatever the outcome of the negotiation, don't transfer it without permission.

The money from online loans is not so easy to use. It's best not to borrow too much. Be sure to force yourself to repay regularly, use a small amount first, and then borrow it when it is used up.