What should I do if the online loan is overdue and refuses to answer the phone?

What will happen if you don’t answer the phone when the online loan is overdue?

If you don’t answer the phone when the online loan is overdue, the other party will explode your address book, directly call or send text messages to your relatives and friends, and harass you. Others may also directly find out your new number, or even call the company where you work, causing you greater trouble.

In addition, if you fail to repay an online loan overdue, there will always be overdue penalty interest, and it will keep increasing. Unless you are forced to go ashore, the repayment pressure will only be greater.

You can get a big data report at Beijian Quick Check, find out your overdue records, and classify your online loans into formal and irregular ones, credit-reported ones and irregular ones. On the credit report. If you want to repay the money but don't have enough funds, then negotiate with the online loan platform and give priority to repaying those with regular credit reports to minimize the impact on you.

Extended information:

Is it OK not to answer the phone if I owe an online loan?

Don’t refuse to answer the reminder calls from loan platforms. After answering, you should also find ways to pay off the debt as soon as possible. Otherwise, if the loan platform cannot contact the person, it may call its emergency contact or relatives and friends in the address book. At that time, daily life will inevitably be disturbed; some may even sue.

It is recommended to say hello to your address book friends in advance. Confess to yourself and tell your friends not to answer unknown calls. This can also prevent friends in your address book from being expelled for no reason.

You can also submit the evidence of illegal collection to the platform customer service to see how the platform will deal with it internally. If the collection can be stopped, it may be a way. Collect evidence of illegal collections and other illegal operations on the platform. Although the efficiency of resolving matters through third-party complaints is very slow, you cannot voluntarily give up the method of rights protection. As long as you persist in complaining, there will be results one day.

As long as you pay off the debt in time, you will naturally not receive reminder calls in the future. Of course, if the online loan you borrowed charges high interest rates in violation of regulations, you don’t have to answer collection calls, you don’t have to repay the fees that are beyond the reasonable range, and you can also collect evidence and report it to the platform. What will happen if an online loan does not answer the collection call?

When a borrower encounters this situation, he must not panic, answer the call bravely, and show his positive attitude. If you really can't pay it off, you can negotiate a specific repayment time with the collection staff. It's best to delay the agreed time a little longer, so that you can leave enough time for yourself to raise funds. But borrowers must not refuse to answer the phone just because they are afraid. Because even if you don't answer, the debt collector will call your relatives and friends, so that everyone will know that you owe money and won't pay it back. Banking institutions generally do not use illegal collection methods, but this does not mean that the consequences they face are not serious. If a borrower fails to repay a loan from a bank financial institution overdue, he will not only face penalty interest but also affect his personal credit report. In serious cases, you may be sued to court for enforcement. The threshold for online pure credit loans is generally relatively low, and many are not subject to credit reporting. However, if the borrower maliciously overdues, the most common method they will use is to explode the address book. Even if they do not answer the phone, family members, relatives, Friends and classmates will also receive phone calls or text messages. Over time, your friends will know that you are a person who refuses to pay back money, which has a very bad impact.

: If you fail to answer the phone if you owe an online loan overdue, you will be sued by the online loan company. After the parties borrow money, they should repay according to the agreed time limit. If there is overdue behavior, they should actively negotiate with the borrowing company and do not answer the phone. Otherwise, the borrowing company will go to the People's Court to file a civil lawsuit and ask the parties to repay through litigation. After the borrowing company files a lawsuit, the people's court will conduct a trial in accordance with the provisions of the law and make a corresponding judgment. After the judgment takes effect, if the party has not repaid the loan, the borrowing company will apply for compulsory execution to enforce the party's property. If the situation is serious, the party will repay the loan. It is possible to be included in the list of dishonest persons, thus affecting the credit of the party concerned.

Legal basis: "People's Republic of China and Civil Code"

Article 675 The borrower shall repay the loan within the agreed time limit. If there is no agreement on the loan period or the agreement is unclear, and it 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. What will be the consequences if you don’t answer the overdue online loan collection call?

1. Answer positively

Common consequences include the following.

2. Specific analysis

1. Call the contact number

When borrowing an online loan, the borrower must fill in the emergency contact number and require authorization of the address book to control the loan. If the online loan loan is overdue and does not answer the phone, the online loan platform will think that the borrower is about to lose contact, and will call the contact to notify the borrower to repay the loan.

At that time, the borrower's debt to the online loan will be known to all the contacts in the address book. Because of the harassment by the online loan platform, many contacts will be dissatisfied with the borrower and even blame the borrower.

2. Door-to-door collections

If online loan platforms cannot get through to borrowers for several days in a row, they may outsource collections for borrowers with large overdue amounts and long periods of time. Send a third-party debt collection agency to your hometown, current residential address, or workplace.

The borrower calls the police after being blocked by debt collection. As long as the debt collection does not involve illegal activities, the police will not file a case. At best, they will only allow both parties to mediate, because this is an economic dispute and not a crime.

3. Will be sued

If the borrower does not answer the phone after the due date, fails to repay through various collection methods, and the time exceeds 3 months, and the amount owed is tens of thousands, Formal lending platforms will take legal channels to sue the borrower in court for repayment, and the borrower will receive a summons from the court notifying the court date.

Even if the borrower does not appear in court at the time, the court can still issue a default judgment.

After the online loan platform wins the case, the borrower will have to bear the litigation costs of the online loan platform and make repayments during the execution period. The court will monitor the borrower's performance at any time.

4. Enforced execution

If the borrower fails to perform its obligations during the execution period and may conceal or transfer property, the court may take enforcement measures against the borrower, including inquiry and freezing , transfer borrower's deposits, etc.

5. Become a defaulter

If the borrower has the ability to refuse to repay during the execution process, the court will include him in the list of dishonest persons subject to execution.

When a borrower becomes an old man, he will not be able to engage in any high-consumption behavior, and his children will even be implicated. They will not be able to study in higher private fee-paying schools, or be admitted to civil servants or even public institutions.

6. Unable to borrow money on other platforms

Many online loan platforms are blacklisted, and borrowers who do not answer calls after the due date will also be treated as Blacklist and refuse to provide loan services.

There are now many online loan big data systems that can provide online loan record inquiries, you can search: Beijian Quick Check. You can query online loan application records, application platform type, whether it is overdue, overdue amount, credit card and online loan estimated credit limit and other important data information.

3. How should I answer the phone if my online loan is overdue?

Answer the call when it comes. Be sincere on the phone and explain the difficulty of your inability to repay the loan. Be careful not to use foul language. The key is to promise that you will repay the loan.

If you are unable to pay the debt temporarily due to some force majeure, you can also communicate with the debt collector on the phone to see if you can negotiate for partial interest exemption or repayment in installments.

If the debt collector threatens, insults, or intimidates the borrower on the phone, and calls more than three times a day, it interferes with the borrower's normal life and work.

Borrowers who have phone recordings can report the interception to the relevant departments, or file a complaint, because this involves illegal collection and is a violation. What will happen if you don’t answer the phone if you owe an online loan overdue

1. Answer positively

You will be charged even more crazily.

2. Specific analysis

If you do not answer the phone when the online loan is overdue, the other party will explode your address book, directly call or send text messages to your relatives and friends, and harass others; they may also directly Find out your new number and even call the company where you work, causing you even more trouble.

In addition, if the online loan is overdue, there will always be overdue penalty interest, and it will keep increasing. Unless you are forced to go ashore, the repayment pressure will only be greater.

If you want to check the online loan data report, you can search: Beijian Quick Check, which can view the number of user applications, online loan data, online black index scores, hit risk warnings, and court prosecution information. Arbitration case information, defaulter information and other data. And the data queried is very accurate and comprehensive.

3. Is it okay not to answer the phone if I owe an online loan?

Don’t refuse to answer the reminder calls from loan platforms. After answering, you should also find ways to pay off the debt as soon as possible. Otherwise, if the loan platform cannot contact the person, it may call their emergency contact or relatives and friends in the address book. At that time, daily life will inevitably be disturbed; some may even sue.

It is recommended to say hello to your address book friends in advance. Confess to yourself and tell your friends not to answer unknown calls. This can also prevent friends in your address book from being expelled for no reason.

You can also submit the evidence of illegal collection to the platform customer service to see how the platform will deal with it internally. If the collection can be stopped, it may be a way. Collect evidence of illegal collections and other illegal operations on the platform. Although the efficiency of resolving matters through third-party complaints is very slow, you cannot take the initiative to give up the method of rights protection. As long as you persist in complaining, there will be results one day.

As long as you pay off your debt in time, you will naturally not receive reminder calls in the future. Of course, if the online loan you borrowed charges high interest rates in violation of regulations, you don’t have to answer collection calls, you don’t have to repay the fees that are beyond the reasonable range, and you can also collect evidence and report it to the platform.