Is it true or false to say that loans overdue, an online merchant, was prosecuted for six months?

It is true that loans overdue, an online merchant, was sued for six months.

If the online merchant has been in loans overdue for more than three months, the online merchant bank will have the right to sue. However, the online merchant bank will not bring a lawsuit to the court immediately if the customer is overdue for three months. Seeing that customers are overdue, they mainly urge customers to repay as soon as possible by sending text messages and making phone calls.

Unless the customer's overdue time is really too long, and the amount of arrears is relatively large, plus repeated reminders are not paid back, or even no one can be contacted, then it is very likely that a lawsuit will be filed.

Matters needing attention of online merchant loans overdue

Loans overdue, an online merchant, has no grace period, and will face high penalty interest if it fails to do so. The interest of online merchants in loans overdue is calculated according to the original interest 1.5 times, and the calculation formula is overdue loan amount × loan interest rate × 1.5× overdue days. In addition to the high penalty interest, overdue records will be uploaded to the credit information system by online merchants' loans, and it will be more difficult to borrow in the future.

Loans overdue, an online merchant, will generate overdue interest. In addition to calculating the penalty interest of the loan principal, it is also necessary to calculate the penalty interest of the interest generated by the statement; It will also affect personal credit, especially sesame credit. Loans overdue, an Alipay online merchant, may reduce the sesame credit score or slow down the accumulation of sesame credit score one day.