Is it true that online loans are overdue for online arbitration?

The consequences of overdue online arbitration are: the court summoned by the domicile or property location will enforce the judgment; Just pay back the loan you owe in time.

After the court accepts the case, it will enter the information inquiry system of the executed person of the national court, with criminal records, which the public can inquire. The property of the person subjected to execution will be sealed up, frozen, transferred or changed in price, and high-consumption behaviors such as taking high-speed trains and airplanes can be restricted according to the situation.

If you have the ability to perform, but refuse to perform, resist execution, conceal, transfer property, etc. , will be entered into the list of people who have lost their trust in the Supreme People's Court and become "Lao Lai", which will be uniformly announced to the public.

The introduction of network arbitration is as follows:

If you unfortunately become a member of the "blacklist" of loans, it will have a great negative impact. Not only can you not borrow from internet financial institutions such as banks, but you will also be restricted in personal transportation, loan to buy a house, car loan to buy a car and so on. It will seriously affect your children in the future. It can be said that the faithless will be unable to move.

The premise of Internet arbitration is that disputes mainly occur on the Internet, and relevant evidence in the process of occurrence, such as electronic contracts and capital flow, can exist in the form of electronic evidence and be adopted in the arbitration process. In other words, if offline loans and private lending are not purely online, there will be no Internet arbitration.