Well, will you sue if the installment payment is overdue?

Whether to prosecute is decided by stages, please consult. It's not enough. May be included in the list of untrustworthy people.

Legal basis: According to Article 675 of the Civil Code, the borrower shall repay the loan within the agreed time limit. If the term of the loan is not agreed or clearly agreed, and cannot be determined according to the provisions of Article 510 of this Law, the borrower may return it at any time; The lender may urge the borrower to return it within a reasonable period of time.

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

Consequences of overdue installment payment:

1. The borrower needs to pay the penalty interest in installments every day, which is much higher than the normal loan interest.

2. Shortly after the overdue period, the borrower will receive a collection message or a collection phone call from staff at different stages.

3. Good staging will report the borrower's bad information to the private credit information system and the online credit information system.

The borrower's overdue behavior may be known by relatives and friends, which makes him lose face.

5. In case of serious overdue, the borrower is likely to be brought to court in stages, resulting in being frozen, auctioned or even included in the list of untrustworthy people.