How long will online loans stop collecting and become bad debts?

Online loans generally stop collecting and become bad debts in about three and a half months. After the online loan is overdue, the customer will not be treated as a bad debt by the platform just after it is overdue. Generally, the platform will collect money first, and the collection period of most loan platforms is about three to six months. If the platform fails to repay customers many times after the deadline, and the platform can't even contact people, it is likely to become bad debts after more than half a year. After the loan becomes bad, it is not unnecessary. Customers should find ways to pay off as soon as possible. After all, once bad debts are recorded in big data or credit information, it is difficult to eliminate them in a short time, which will seriously affect customers' personal credit.

Online loan collection process:

1, SMS reminder: Many online lending companies start sending text messages and calling every day before the loan expires to remind them that they are about to repay;

2. Overdue for more than one day: Call for dunning every day, ranging from several to dozens a day. At this time, the overdue is still "good intentions", so euphemistically persuade to repay as soon as possible, otherwise there will be overdue fees, which will affect the credit;

3. Exploding the address book: At this stage, it is generally to use technical means to constantly call borrowers or contacts in the address book for repayment, otherwise they will come to the door to sue;

4. Outsourcing to a third party: If bad debts are formed later, it will be outsourced to a third-party collection company. It is said that assembly is more embarrassing, similar to "underworld".

Legal basis: Article 675 of the Civil Code of People's Republic of China (PRC).

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

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.