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Are you sure you don't want to return your wallet?
Consequence analysis of overdue repayment
Online loans can alleviate certain economic pressure when funds are tight, but the consequences of overdue repayment are very serious. Overdue online loans will not have the following consequences. If the online loan is overdue, the customer service will call the customer to ask why. If the debtor cannot give a reasonable explanation for the overdue payment, it will be regarded as a breach of contract and a high penalty interest will be charged.
If the online lending platform is connected to the central bank's credit information system, overdue records will appear on the personal credit information report, causing credit stains and affecting future loans and credit card processing. May be prosecuted. After the court makes a repayment judgment, if the borrower refuses to execute it, the lender may apply to the court for compulsory execution.
When the court accepts enforcement, it will inquire about the real estate, vehicles, securities and deposits under the name of the lender according to law. If the lender refuses to perform the effective judgment of the court because there is no enforceable property under its name, it will be included in the list of people who have been executed in bad faith, restricted from high consumption and entry and exit, and may even be punished by judicial custody.
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