Is it true that it is legal to help with overdue online loans?

Legal Subjectivity:

Overdue online loans will generally not be prosecuted. Only if a customer maliciously overdues the platform may sue the lender. Under normal circumstances, the customer's overdue loan platform will Take the following measures. Report to the credit reporting system, calculate overdue penalty interest, and reduce the loan limit. 1. Is it true that overdue online loans will be prosecuted? Overdue online loans will generally not be prosecuted. Only if the customer has a malicious overdue loan will the platform sue the lender. Under normal circumstances, the platform will take the following measures for overdue loans. 1. Report to the credit reporting system. 2. Calculate overdue penalty interest. 3. Reduce the loan amount. 4. Freeze the loan limit. 5. Make collection calls. It can be seen that even if the lending institution does not sue the lender, the customer still needs to bear the corresponding overdue consequences, and the impact of these consequences on the customer is not small at all. Therefore, after applying for a loan, customers should still maintain a good credit record and not be overdue. If they feel that the loan cannot be repaid, they should also contact the lending institution in time to see if they can apply for a loan extension and try to gain more initiative for themselves. . Of course, the most important thing is that customers need to stay rational when taking out loans, fully consider their own repayment ability, borrow reasonably under the premise that personal income can cover loan expenses, and try not to bring too much debt to their future lives. pressure. 2. What will happen if an online loan is overdue? 1. Telephone calls and door-to-door reminders. Generally speaking, if the last repayment date exceeds three days and the lending institution still has not waited for the repayment amount to appear, it will call the borrower to make reminders. People understand the situation. Of course, borrowers can also take this opportunity to reveal their unspeakable secrets and play the sympathy card to obtain a grace period for repayment. But if the arrears are delayed again and again, and the lending institution no longer has hope and is left disappointed, the next action to be taken is likely to be door-to-door collection. 2. File a lawsuit with the court. If the collection fails, the lending institution will use legal weapons to protect its own rights and interests. Under the mortgage loan method, it will ask the court to auction the mortgaged property, and the proceeds from the auction will be used first to repay a series of expenses such as the remaining principal and interest, attorney fees, and litigation costs. If there is any remaining amount, it will be returned to the borrower in full. . This process sounds easy to say, but it is not necessarily easy to do. It will take at least three months to cash in the assets. During this period, the borrower can raise funds, win the battle for assets, and use the funds to return them. Get the lender to drop the lawsuit. The principles of credit loans are similar. Borrowers still cannot escape legal sanctions and need to use assets in their personal names to repay the loans. 3. Personal credit is damaged. Once a borrower makes a loan transaction with a bank, all repayment behaviors will be recorded by the central bank's credit reporting system and truthfully reflected on the credit report. Borrowing money online means using the Internet to establish transaction relationships online, which naturally falls under the category of Internet finance. What should I do if my small-amount online loan is overdue? Generally speaking, if the final repayment date exceeds three days and the lending institution still has not waited for the repayment amount, it will call the borrower to understand the situation. Of course, the loan People can also take this opportunity to reveal unspeakable secrets and play the sympathy card to obtain a grace period for repayment. You can negotiate first and then try your best to repay. If it is an online loan, you cannot evade it, otherwise you will go to jail. Never come into contact with loan sharks. If you really need to contact them, keep all kinds of audio and video evidence. Legal objectivity:

Article 676 of the Civil Code, if the borrower fails to repay the loan within the agreed time limit, he shall pay overdue interest in accordance with the agreement or relevant national regulations.