Can I stop repayment by borrowing online loans? (How to stop online loan repayment)

1. Can I stop repayment by borrowing online loans?

Online lending can't stop. For users who can't repay,

Can I stop repayment by borrowing online loans? (How to stop online loan repayment)

1. Can I stop repayment by borrowing online loans?

Online lending can't stop. For users who can't repay, you can consult the online loan platform. If they really have difficulties and are willing to pay off the loan, the online lending platform can also accept it. If they don't agree, they need to fulfill their repayment obligations according to the prescribed time.

Under normal circumstances, because loans overdue can't apply for loan suspension (generally only bank credit cards provide loan suspension), it is still possible to negotiate installment repayment, as follows:

1. Take the initiative to call the service hotline of the online loan platform to contact the customer service staff, and inform the other party that they are temporarily unable to repay, indicating that they did not intentionally fail to repay the arrears, and provide corresponding information to prove it.

2. Actively express the willingness to repay, and then try to put forward an application to extend the repayment period and repay the arrears in installments. The online lending platform should be considered as appropriate (if one negotiation fails, you can appropriately adjust your own extension plan and negotiate several times).

Second, what are the consequences of serious overdue online loans?

1, high penalty interest

No matter what kind of loan, as long as it is overdue, it will face high penalty interest and liquidated damages, including credit cards, so it is best not to overdue easily. Otherwise, the more money you roll, the harder it will be to pay it off.

2. Encounter violent collection

The most common violent collection methods that netizens have encountered are:

(1) Bombing the debtor's mobile phone address book by phone or SMS, causing troubles to individuals and their relatives and friends;

(2) verbal threats, personal attacks, and even direct threats to family and friends;

(3) Illegal collection in the debtor's unit or home, resulting in damage to the debtor's reputation;

(4) Pretending to be a public official of a higher authority to violently collect debtors, etc.

3. Personal privacy information is illegally leaked.

Having said that, we have to talk about sensational campus loans and naked loans. We take bad pictures of borrowers. If we don't repay the loan according to the date, we will publish the photos, ID cards and personal information of the debtor on the Internet, which will bring great trouble to the debtor.

The defendant went to court.

I was sued by a loan company and fought a lawsuit. Such cases have been common for a long time, but because of the long time period and high cost of court judgment, the loan company is not willing to go to court when the general amount is not very large.

5. Credit information is damaged

Credit information is an important document to record personal credit records in a lifetime. If there are black spots in credit reporting, it will have a far-reaching impact on other financial businesses. Poor credit means you can't apply for loans, credit cards and so on.

Now many online loans are actually on credit reporting. If the overdue situation is serious, it is likely to be reported to the credit center, which will affect personal records.

Generally speaking, if the credit card debt is overdue, then the credit card holder can apply to the issuing bank for stopping payment, instead of lending the loan debt. The online lending platform will not handle the payment stop procedures for the debtors of overdue loans, but at this time, the debtors can apply for deferred repayment and installment repayment.