Will the 360 debt be prosecuted?

Generally speaking, if the overdue time is within 2 months, 360 IOUs will not sue users. However, if the overdue time is more than 2 months, and the user still fails to repay the loan after repeated collection of 360 IOUs, then 360 IOUs may sue the user. After 360 IOUs are overdue, there will be overdue records and overdue interest, and users must repay them as soon as possible. If the repayment is not made as soon as possible, the negative impact of overdue records will expand.

As for the user who has been sued by 360 IOUs, as long as the user negotiates with 360 IOUs successfully, then 360 IOUs will withdraw the lawsuit.

Will 360 IOUs be prosecuted if 4000 overdue? What if I really can't get it? Will I face jail time?

360. If the loan is overdue, it will not be prosecuted. What if there really isn't? I'm not going to jail. Overdue online loans may be prosecuted. Legally speaking, as long as the borrower fails to repay the loan on time, the lending institution has the right to sue the overdue users, but the length of prosecution depends on the regulations of each online lending platform. The prosecution standards of different online lending platforms are different. Usually, after the online loan is overdue, the loan platform will not immediately sue the overdue users, but first collect the overdue users by SMS or telephone.

According to Article 671 of the General Principles of Civil Law of People's Republic of China (PRC), if the lender fails to provide the loan on the agreed date and amount, thus causing losses to the borrower, it shall compensate for the losses. If the borrower fails to collect the loan according to the agreed date and amount, it shall pay interest according to the agreed date and amount. Article 122 of the Civil Procedure Law of People's Republic of China (PRC) must meet the following conditions: (1) The plaintiff is a citizen, legal person and other organization that has a direct interest in the case; (2) Having a clear defendant; (3) Having specific requests, facts and reasons; (4) It falls within the scope of civil litigation accepted by the people's court and is under the jurisdiction of the sued people's court.

Will you sue if you borrow 5000 from 360?

If there is a real creditor-debtor relationship, this information may be true.

Legal analysis

First of all, it is necessary to determine whether there is a real creditor-debtor relationship, and whether the parties really borrowed 5,000 yuan on the 360 loan platform.

Secondly, if the parties do borrow money on the 360 IOUs, it shows that there is a real creditor-debtor relationship. If they breach the contract, that is, they fail to repay the money within the time limit, then they may be sued. After the contract comes into effect, it is binding on both parties, and all parties to the contract should fully fulfill their obligations. When one party breaches the contract, the other party has the right to bring a lawsuit to the court.

Thirdly, the target amount of the loan contract in this case is 5000 yuan, which is not large. According to the law, small claims procedure in summary procedure can be applied. Since it is a simple procedure, the ordinary procedure is much simpler. For example, according to the law, a judge can choose to call or send a text message to inform the defendant of the relevant facts and rights when applying the summary procedure to hear small claims.

Finally, if the parties did borrow money on the 360 IOUs platform and failed to change it within the time limit, it is entirely possible to be sued. The news may come from the court.

Personal recommendation

Since I owe money, I suggest paying it back in time. It is best to negotiate for the other party to withdraw the lawsuit or reach a mediation agreement.

legal ground

Article 667 of the Civil Law of People's Republic of China (PRC) is a loan contract in which the borrower borrows money from the lender, repays the loan at maturity and pays interest.

Article 274 of the Interpretation of the Supreme People's Court on the Application of the Civil Procedure Law of People's Republic of China (PRC), the following monetary payment cases shall be tried by small-sum litigation procedures: (1) disputes over sales contracts, loan contracts and lease contracts; (two) the identity relationship is clear, only the amount of payment, time and way of dispute, as well as alimony, childcare, alimony disputes; (3) Disputes over traffic accident damage compensation and other personal injury compensation with clear responsibilities and only disputes over the amount, time and payment method; (four) water supply, power supply, gas supply and heating contract disputes; (5) Bank card disputes; (six) labor contract disputes with clear labor relations are only about the amount, time and payment method of labor remuneration, medical expenses for work-related injuries, economic compensation or compensation; (seven) labor contracts with clear labor relations and only disputes about the amount, time and payment method of labor remuneration; (eight) property, telecommunications and other service contract disputes; (nine) other payment disputes.

The Supreme People's Court's Interpretation on the Application of the Civil Procedure Law of People's Republic of China (PRC) (revised in 2020) Article 261 When a case is tried by summary procedure, the people's court may summon both parties, notify witnesses and serve litigation documents other than the judgment documents by telegram, telephone, short message, fax or e-mail. The people's court shall not make a judgment by default if the notice of hearing served in a simple way has not been confirmed by the parties or there is no other evidence to prove that the parties have received it. When a case is tried by summary procedure, the judge shall be the sole judge and the clerk shall be responsible for recording it.

Will 360 IOUs be prosecuted if they are overdue? What if I really can't get it? Will I face jail time?

360 overdue IOUs will be prosecuted. If they don't get paid, they won't go to prison. Arrears are civil acts, while imprisonment is a criminal punishment. If you can't communicate effectively with creditors, or you can't pay off your debts, you will definitely be sued. Even if you haven't handed it in, you can only say that you haven't. You can ask the creditor for a grace period and try to return it as soon as possible. If sued, it may be enforced by the court.