What should I do if the online loan is overdue for arbitration?

Arbitration is different from enforcement. After arbitration, you can only apply to the court with an arbitration letter. The court will inform you after accepting the case. If you do not accept the arbitration procedure, you can make a defense. If the arbitration fails to inform you and mediate, even if the court executes it, it will be the principal plus the legal interest rate. Arbitration also has a time limit. Of course, it is natural to pay back debts. The fundamental solution to the problem is to work hard and pay back the money.

1. Huabai is a consumer credit product launched by Ant Financial in April 2065438+2005. After users apply for opening, they can get a spending quota ranging from 500 to 50000 yuan.

When spending, users can prepay the amount of ant flowers and enjoy the shopping experience of "spending first, then paying". Ant Flower Garden Consumer Credit Asset-Backed Securities Project was listed and traded in Shanghai Stock Exchange on August 4, 20 16, becoming the first ABS of Internet consumer finance in Shanghai Stock Exchange. Ant Flower Garden has been officially launched since April 20 15. Mainly used for shopping on Tmall and Taobao, it has always been loved by consumers, especially those born in 1980s and 1990s. In order to better serve consumers, ant flower buds began to break the restrictions of shopping platforms and expand their services to more online and offline consumption fields. The ant flower garden has only been online for half a month, and more than 1.5 million merchants in Tmall and Taobao have opened flower gardens. In order to attract consumers more accurately, many more responsive businesses have begun to modify the description of the baby and directly add the words "support the garden". The person in charge of Durex Tmall flagship store told the reporter that a product specially launched for new users of ant flower beds sold more than 10,000 copies a day and robbed a week's inventory.

Second, the flower garden is an online shopping service provided by ant micro-loan to consumers, which is "buy this month and return it next month" (return it next month after confirming receipt). Most merchants or products of Tmall and Taobao support the flower garden service. Whether the specific products can be purchased with flower buds depends on the cashier page. Flower garden products have been officially launched, and the user base is gradually expanding. Users can make repayment before 10 next month after confirming the receipt of goods. They can use the balance of Alipay account, the savings card bound to the account and Yu 'ebao to make repayment automatically or voluntarily.

3. The repayment date of Bai Hua is 10 every month, and users need to pay off the generated Bai Hua bill on the repayment date. On the due repayment date, the system will automatically deduct the balance of Alipay account, Yu 'ebao (with the function of withholding Yu 'ebao) and fast payment by debit card (including one card) in turn to repay the outstanding part of the bill. In order to avoid overdue, please ensure that the amount of Alipay account is sufficient. If it is overdue, a late fee of 0.5% will be charged every day. At the same time, Huayuan's overdue records will also be submitted to Sesame Credit, which will affect Sesame Credit Score.