What should I do if the online loan is overdue? How often do they usually call their contacts?

When the borrower fails to repay the online loan for a long time, the loan platform will first try to contact the borrower by SMS or telephone. If the platform fails to contact the borrower within 1 ~ 2 weeks and the dunning fails to respond, then the platform will contact your family, and the platform will generally ask the borrower about the emergency contact filled out by the borrower.

First of all, if it is overdue, depending on the length of time, it will have an impact on your credit information. If it is seriously overdue (more than 90 days), the credit investigation is a black account, and you cannot apply for any loan business before it is paid off. Secondly, there will be additional expenses such as liquidated damages and overdue interest. Long-term overdue is nothing new, and the final interest is greater than the principal. Please be careful.

I also want to remind you that if you want to borrow money, you must choose a formal platform. If you apply for a small loan, the platform is not formal, which will lead to information leakage. Those small platforms may get the borrower's address book information. After the deadline, you may not only call the borrower and emergency contacts, but also call relatives and friends in the borrower's address book. This has a great impact on the borrower's family.

Therefore, you must think twice before borrowing. You must first ask whether the lending platform holds a financial license and whether it has been approved by the China Banking Regulatory Commission. Don't borrow money from unknown places. In addition, now is an era of "honest society". Be sure to repay the loan on time to avoid overdue, especially after receiving SMS and phone calls from the platform, and try to reduce the adverse effects caused by overdue.

If you think that the interest fees charged by the platform are too high, it is recommended to check whether the borrowing measures of the platform exceed the provisions of the people's court (the maximum interest rate of online loans shall not exceed 4 times of the floating interest rate LPR). For non-compliant fees, customers can choose not to refund, or they can collect evidence to report the platform. Be sure to protect your legitimate rights and interests in time!