What happens if I borrow money online?

What are the consequences of online lending?

What are the consequences of online lending?

First, bear high overdue fees.

For 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.

Second, undertake the fancy collection of the platform.

The collection is generally divided into three stages: the first stage, just a few days after the overdue, the platform customer service mm will gently remind you that it is overdue, please repay it on time; In the second stage, if it is overdue for a long time, the platform customer service will seriously warn that it will face serious consequences if it is overdue; In the third stage, it was overdue for a long time, and the platform stopped trying to convince the other party and began to take practical actions.

There are many practical actions, such as: the platform pushes your arrears information to your relatives and friends, which makes you lose face in the circle of friends; The platform arranges special collection personnel to collect money at home and communicate face to face to collect accounts. Of course, these are still relatively mild. Some platforms outsource collection, and special collection companies collect them. The collection company "violent collection" that broke out some time ago believes that borrowers are not willing to encounter it.

Third, facing the crisis of national trust.

Now online lending platforms have established a blacklist system, and blacklist platforms have begun to communicate with each other. Borrowing on one platform is overdue, and it is very difficult to borrow on other platforms. In addition, online lending platforms will publicize blacklists through their own online channels such as WeChat and Weibo, and even on the big screens of railway stations and airports. Let the people all over the country know that these "old lai" borrow money and don't pay it back! Of course, ordinary borrowers will not go so far except those who owe money maliciously.

Fourth, the People's Bank of China is tainted.

At present, most online lending platforms have not been connected to PBOC's credit information system, but it has become an inevitable trend to connect to PBOC's credit information system. In the future, if the online lending platform fails to repay the loan within the time limit, it will be recorded in the credit information system of the People's Bank of China, just like bank loans and credit cards that are overdue, causing credit stains. If the previous consequence is only losing face, then the stain of credit information will affect real life, and there is no way to borrow money if you want to buy a house, no way to mortgage if you want to buy a car, and so on.

The defendant went to court.

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. Once the court decides that the online lending platform wins the case, the borrower not only has to pay the money that needs to be repaid, but also pays the litigation costs and huge fines of both parties, and even faces jail time.

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What happens if you owe money to online loans?

First of all, someone will be prosecuted, which is not a joke, but a true story. Don't think that the online lending platform will not sue the debtor, but it will. Generally speaking, it is mainly based on the debtor's debt amount. If the debt amount is relatively large, it is easy to be sued, especially if it is overdue for about one year. After all kinds of collection, they still didn't pay back the money. At this time, it is most suitable for online lending platforms to recover arrears through legal means.

Secondly, besides being sued, I have seen another situation. After some debtors are overdue for one year, the frequency of collection is getting less and less, or even no one collects them for a long time. As for the reason, Bian Xiao won't tell you more. This usually happens to those who owe a small amount of money. Personally, I think that if I were an online loan platform, I would feel that there is no need to sue for this money, and even the cost of prosecution is not enough. On the contrary, collection is the best way. After all, outsourcing collection companies all commission according to the payment amount. If the outsourcing company can't get the money back, it doesn't need to pay the commission.

Peer-to-peer lending includes personal peer-to-peer lending (P2P peer-to-peer lending) and online microfinance. Personal peer-to-peer lending refers to direct lending between individuals through the Internet platform. Direct lending on the personal peer-to-peer lending platform belongs to the category of private lending, which is regulated by the Contract Law, General Principles of Civil Law and other laws and regulations as well as relevant judicial interpretations in the Supreme People's Court. Network micro-loan refers to the micro-loan provided to customers by Internet companies through their holding micro-loan companies. Network microfinance should abide by the existing regulations of microfinance companies, give full play to the advantages of peer-to-peer lending, and strive to reduce the financing costs of customers. P2P loan business is supervised by China Banking Regulatory Commission.

What happens if I borrow money online?

Borrowing money online will first generate penalty interest, and many online lending platforms will also charge liquidated damages. After the user is overdue, the online loan platform will remind you. If you pay back the money at this time, it will generally not affect. If you don't pay back the money for a long time, the online lending platform will upload the overdue records to the credit information center, which will have an impact on all aspects of life after uploading.

After borrowing money online, many people feel that the online lending platform will not upload overdue records to the credit information center. At this time they will have the idea of not paying back the money. In fact, this is completely wrong; Even if the online lending platform does not provide credit information, it does not mean that it will not provide credit information in the future. If it is not returned, it will be uneconomical to upload the overdue records to the credit information center in the future.

If you don't pay back the money after online lending, the online lending platform will always collect it and make a lot of harassing calls to users every day. If the user changes his mobile phone number, the online lending platform may call your friends at this time, which will affect his personal reputation. If there is more money, the online platform may carry out offline collection, which must be noted.

At present, the common online lending platforms include loan treasure, micro-loan, Baidu money-spending, online business loan, installment and so on. These platforms will collect credit information if they don't pay back the money after borrowing. In fact, individuals borrow money online, but the amount borrowed is not very high, and they have to pay high interest on borrowing money, but they can repay it while borrowing. The more times many platforms borrow money, the lower the borrowing interest rate, but at a certain cost.

In the case that the loan amount is not very high, users can apply for a credit card, which can be used for spending at ordinary times. As long as you pay back the money on the credit card repayment date, users don't have to pay any fees, which is what everyone needs to pay attention to.

If the loan amount is not high, you can consider borrowing money from relatives and friends, which can alleviate the demand for funds without paying interest. This is a good method, but it is not allowed to be used frequently.

What about borrowing money online?

If you borrow money online and don't pay it back, it will lead to the following adverse consequences:

1. Default interest will be charged from the overdue date until all arrears are paid off. The overdue penalty interest rate charged by some platforms may be higher than the normal borrowing rate. If the customer has been delaying repayment, the longer the overdue time, the more penalty interest will be generated and the repayment pressure will be greater and greater.

2. The overdue situation will be submitted by the loan platform to big data or the central bank for credit information, leaving a bad record in it, resulting in personal credit damage.

3. The loan platform is likely to freeze the customer's loan amount, making it impossible to borrow any more. Because of credit problems, most subsequent customers' loans to other financial institutions are blocked, and it is difficult to successfully handle them in a short time.

4. The platform will continue to run dunning, and some even get address book information to contact family and friends. At that time, daily life will be disturbed, and some even run at home to collect money.

5. If the overdue time is long, the amount owed is high, and the dunning is not responded for many times, the loan platform is likely to sue the customer.