Consequences of overdue online loans being arbitrated

Dear friends, it's time for this question and answer. Let's see if your question is on the list.

1.

Therefore, the reason why the online loan platform can find the contact information of your home is mostly related to this operation. Of course, in addition, when signing a loan contract, borrowers are often required to write the contact information of emergency contacts. If you are writing about your family, they will contact him first if you fail to repay the loan within the time limit.

Don't be too surprised when your family gets a dunning call. Think about whether you have done the above operation. If not, it may be related to the disclosure of your personal information.

If you are urging your family to collect money because of loans overdue, it is recommended to collect evidence and complain to the relevant platform. Moreover, in order to cause unnecessary interference to family members' lives, it is best to say hello to them in advance, such as explaining their actual situation, asking them not to borrow strange phones, and not to set up harassing phone interception.

Finally, I would like to remind you that you must repay the loan as scheduled, so as not to bring bad influence to yourself and your family.

2.

Before answering this question, let's take a look at what arbitration means.

Arbitration refers to a dispute settlement method in which both parties agree to submit the dispute to a (recognized) third party, who will judge the merits of the dispute and make a decision.

For example, you have a loan dispute with the online lending platform, and then the two sides negotiate to ask the third party to make a ruling on the dispute. After the mediation result comes out, both parties will follow this result. It should be noted that arbitration requires the will of both parties.

Nowadays, many collections often send arbitration text messages and emails to let borrowers repay as soon as possible. So the arbitration information you encounter is not necessarily true, which requires you to check it carefully. How to distinguish can be verified by whether the specific information in the short message is correct and whether the case number can be found in official website of the Arbitration Commission.

After receiving the notice of arbitration, many people were worried. Will they go to jail?

Even if the arbitration notice received is true, don't be afraid. First contact the online lending platform, negotiate repayment, and let the other party withdraw the arbitration application. In addition, you can also actively respond to the lawsuit, collect evidence of illegal behavior of online lending platforms, and safeguard your legitimate rights and interests.

Finally, I hope you don't borrow money casually. Once you borrow too much, you will probably receive a real arbitration notice.

3.

There is no overdue and the debt is not high. According to common sense, personal qualifications are good, but many online lending platforms do not pay for orders. What is the main reason?

I always think this may be related to that netizen applying for too many online loans. I know that some online lending platforms will inquire about personal credit, which means that once you click, you will leave a record on the credit report. More times, your credit information will be spent.

Once the credit information is spent, the online lending institution will think that you are not qualified enough and do not have the loan conditions, thus refusing to lend. Therefore, don't order online lending platforms everywhere. Some people think it's just a click. Even if the loan application is unsuccessful, it will not have much impact. Actually, it's not.

Then, I have run out of credit information, can I still get a loan?

Yes, but I suggest that you have no loan application record for at least half a year and keep a good credit record. In order to avoid spending too much time on your credit investigation without knowing it, you can usually check your credit investigation. I suggest you check yourself twice a year, once in the first half and once in the second half.

Related Q&A: What will happen to overdue arbitration of online loans? The consequences of overdue arbitration of online loans: the platform fancy collection, credit damage, being included in the "blacklist" system, affecting personal credit information; Penalty interest and liquidated damages, high interest and corresponding liquidated damages.