Online Lending Press Release Sample

What will happen if online loans are overdue in 2021? Will he go to jail?

Online loans are also called Internet. This loan method has slowly emerged with the development of the Internet. The reason why Internet loans are so popular among young people is that the online loan application process is very simple and you can stay at home. The money is in hand. However, some young people who do not have the ability to repay will be overdue if they do not repay on time. Overdue online loans will definitely have an impact on them. The specific impact depends on the outstanding amount. If the amount is small, the online loan will also be overdue. I won’t respond to you, but the interest will increase. But will he go to jail? Below, I have collected relevant knowledge about Dongqing Finance for your reference.

1. Overdue penalty interest

No matter what kind of online loan you apply for, once the repayment is overdue, the lending institution will not only notify the borrower of timely repayment as soon as possible. , and penalty interest will be calculated and charged according to corresponding standards (some products also have liquidated damages).

2. Overdue records will be recorded in the credit report

Although the application for Huabei, Jiebei, and Baitiao mainly refers to your Zhima credit score and third-party credit score. Only if your credit score meets the standard are you eligible to apply. However, once it is overdue, it may be reported to the central bank's credit reporting system, such as Alipay. Although many online loans are not yet connected to the credit reporting system, they may be connected to the credit reporting system soon. Therefore, in order to avoid damaging your personal credit, it is recommended to try your best to ensure on-time repayment, and handle overdue payments as soon as possible.

3. Various collections

If the borrower fails to repay the loan, the lending institution will go through collection procedures in order to collect the debt. Common ones include text message collection, phone collection, and door-to-door collection. Collection. Not only will your own life be affected by then, but if you leave an emergency contact or your address book is read, your relatives and friends will also be harassed by various collection calls.

4. It is possible to be charged

Don’t think that collection is no big deal, just change your contact information. In fact, if the borrower fails to repay the loan for a long time, the lending institution may take him to court. If the amount owed is large, you may be jailed. There have been news reports before that some netizens were sued by JD.com for not repaying the money after using I Tiao.

5. It will be difficult to apply for loans in the future

As mentioned earlier, many small loan products are applying for or preparing to access the central bank's credit reference. Moreover, late payment will also affect third-party credit scores, making it very difficult to apply for loans on other loan platforms in the future. And if the small loan has been connected to the credit report, if the loan is not repaid, it may affect the bank's loan approval. Even if the approval is passed by luck, the credit limit will be greatly affected.

For online loans, if the loan is overdue, the first thing you will encounter is collection; if you still refuse to repay after multiple collections, the other party will ask you. Once the judgment is issued, the borrower will be required to repay the loan; if the borrower still fails to execute the judgment and fulfill its repayment obligations, enforcement will be enforced and the property will be frozen. In serious cases, the borrower may be imprisoned.

Legitimate lending methods are protected by law, and online loans are just one of many loan methods. The interest rates on online loans are generally very high, and many people simply don’t repay them if they can’t afford them. However, This will affect your financial life. Above, I have explained to you one by one the dangers of overdue repayment of online loans. I suggest that you go to a regular loan company to apply for a loan.

Online loans have given rise to many tragedies. Why do so many people choose online loans?

With the rapid development of my country’s Internet finance, a large number of online loan platforms have sprung up. Although there are endless negative news about online loans and it has become a topic that most people sneer at, the number of people choosing online loans has not only not decreased, but has actually increased. What is going on?

Why would someone choose online loans?

Reason 1: The high-speed borrowing efficiency of online loans

Most people who borrow money from online loan platforms can obtain the loan within 2-3 days. This is mainly because after the borrower’s loan target is released to the platform, the loan can usually be fully disbursed on the same day. Compared with the bank's one-week or even half-month review cycle, online loan platforms' rapid lending can better meet the lender's emergency needs.

Reason 2: People’s recognition of Internet finance has increased

With the popularity of Alipay and WeChat across the country, Internet finance has penetrated into everyone’s daily life It is no exaggeration to say that even in small tier 18 cities, you can see Internet mobile payment everywhere. Alipay's Huabei, Jiebei, and JD Baitiao are all Internet financial products, and the cost of borrowing in the formal online loan industry is not much higher than credit card installments or banks, but the approval process and time are better than bank loans, which is also This is one of the important reasons why many people give priority to online loans when they are in urgent need of money.

What kind of businesses does the online loan platform provide?

1. Credit loan: Without any collateral, you can borrow money from the platform based only on your personal credit.

2. Corporate loans: Loans without any collateral, relying on corporate credit, operating conditions, past profit flow, etc.

3. Supply chain loan: This kind of loan is difficult to understand. It is generally similar to enterprise loan. There is usually one core large enterprise and many upstream and downstream supporting small enterprises.

4. Car loan: a loan product using your own vehicle as collateral.

5. Mortgage: a loan product that uses real estate as collateral.

Online loans have pros and cons. For people who are in urgent need of money and have the ability to repay, it is indeed a good thing to solve their urgent needs. My friend Lao Liu is one of the few beneficiaries of online loans. Lao Liu runs a mobile phone store and sometimes needs some. He often asks relatives to borrow money but is embarrassed. Online loans solve this problem. In view of his sufficient repayment ability, online loans not only bring convenience to his business, but will not cause any trouble to his life.

In addition, friends who often use online loans need to pay attention to the following three points, so as not to be unable to get online loans when they are in urgent need of money

Note 1: Do not apply for loans multiple times within a period of time

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Today’s online loans are not independent. In the era of big data, many platforms have access to third-party credit reporting. Therefore, online loan platforms will generally check your loan application behavior within 3 months. If you apply to too many platforms, even if your previous online loans have been repaid in time, the platform will consider this person to be at high risk of breach of contract and refuse the application. loan.

Note 2: The repayment time is stable

Be sure to note that it is not enough to repay before the repayment date arrives. When the loan platform analyzes user information, it will also focus on the user's repayment time. If the user's monthly repayment time is unstable, although it will not cause overdue, the platform will also consider the source of income to be unstable, thus Refuse to lend to borrowers again.

Note 3: Platform policy adjustment

The risk control policy of the platform may be adjusted at any time. For example, an increase in the bad debt rate, financial constraints, industry supervision, etc. will all prompt the loan platform to Lending conditions have been upgraded and lending policies have been tightened. In this environment, even old customers with good credit are more likely to be denied loans than before.

Online loans are a double-edged sword. You must pay attention to the risks and make sure you have the ability to repay before choosing. If you need money urgently, would you consider online loans?

Nearly 5,000 P2P online lending institutions have ceased operations. What kind of platform is P2P?

The so-called P2P is the practice of operating private lending through the Internet. Many P2P online lending institutions themselves are not formal.

Whenever we mention P2P, the first thing many people think of is the harm caused to users by online loan products, and some online loan products themselves also fall into this category. For ordinary users, not everyone has a sound financial concept, and many people are also deeply affected by the negative impact of P2P online lending institutions. For netizens, many people generally support the complete ban on these P2P online lending institutions, because this method can further prevent more ordinary people from being harmed.

What's going on?

This is news about P2P online lending institutions. After nearly three years of rectification, all P2P online lending institutions across the country have ceased operations. Despite this, there are still many problems left by P2P online lending institutions. Many lenders do not pay their principal regularly, and many debtors are still overdue. Especially for those online loan products with reimbursement business, users' personal credit will be affected in the long term.

P2P is the so-called Internet financial product.

We can understand P2P as private lending in the Internet model. Although P2P is known as the so-called Internet financial reform product, many P2P products themselves are, and the annualized interest of some P2P products can even reach 100%. . We need to know that loan products with an annualized rate of more than 24% are products, and most P2P products can be characterized as such.

We need to avoid so-called P2P products as much as possible.

In addition to the loan products of P2P online lending institutions, there are still some P2P products on the market. For ordinary users, we need to spend within our means as much as possible when consuming, and never overdraw. The application method for P2P products is very simple, but there is no way to effectively protect the rights and interests of users. We need to be responsible for our own funds and lives.