What are the consequences of overdue online loans?

If the online loan is overdue, it will have the following consequences:

1. Credit record is damaged: if it is overdue, personal credit record will be negatively affected. This will have an adverse impact on future financial activities such as loans and credit card applications, and may be included in the bad credit list by banks or other financial institutions, making it difficult to obtain higher loans.

2. Collection action: If the borrower fails to repay the loan within the time limit, the borrowing institution will take collection action, including telephone collection and door-to-door collection. These collection behaviors may bring trouble and pressure to the borrower's daily life.

3. Legal proceedings: If the borrower fails to repay the loan for a long time, the borrowing institution may take legal measures to recover the debt. This may cause the borrower to face legal proceedings and even be enforced by court decisions, such as freezing bank accounts and sealing up property.

4. High penalty interest and late payment fee: Failure to repay the loan within the time limit usually leads to high penalty interest and late payment fee charged by the borrowing institution. These costs will continue to accumulate, which will increase the loan amount and increase the repayment burden of the borrower.

5, social impact: overdue may also have a negative impact on the personal social image. This may affect personal relationships and career development.

Therefore, in order to avoid the above consequences, the borrower should repay the loan on time and abide by the loan contract. If you encounter repayment difficulties, you should communicate with the borrowing institution in time to find a solution to avoid the adverse consequences caused by overdue repayment.

Generally, people will leave traces of inquiry when using the credit records of the central bank, which is unfavorable to the friends who lend money. Moreover, most online loans can't conduct credit reporting, so they can't find specific online loan information in the credit reporting, but now they can know their personal data through "Beijian Quick Query". Without inquiry records, they can also learn more about overdue information, application records, untrustworthy information, online loan blacklists and other information.