What are the consequences of not repaying 360? Zhihu

If you do not repay the loan, the loan platform will collect money from you, including calling you, or filing a lawsuit in court, etc.

Non-repayment of the loan, delay in repaying the loan after the loan expires; failure to repay the loan due to financial constraints; hiding in Tibet and failing to repay the debt. Applicants must bear certain consequences for the above behaviors!

1. Personal credit report will be affected

Not having to pay penalty interest for owing money is only the first step. The applicant's personal credit report will also be affected later. We all know that we attach great importance to the construction of the credit system and are vigorously building credit. The credit information system in various regions, departments, and fields is gradually being implemented. Various disciplinary and incentive measures are also continuously improved and improved. Personal credit is in will play an increasingly important role in future life.

If the applicant fails to repay the loan, the credit "stain" will be left on the applicant's personal credit report, and future applications for loans and credit cards will be blocked. In addition, some friends think that it is better to apply for loans from some small loan companies that do not have credit reports, so that others cannot check their credit reports. For friends who have this idea, I would like to say that they are taking it for granted.

Many financial institutions now have access to data from third-party credit reporting companies, and applicants’ loan data, shopping data, credit card repayment data and other information on other platforms can be easily retrieved. , once you are on the exclusive "blacklist" system of a small loan company, as long as one family refuses a loan, every family will refuse a loan, and it will be impossible to get a loan in the future.

2. Receive frequent collections

There are three ways to collect loans: text messages, phone calls, and door-to-door visits. When you are in arrears in the early stage, the salesperson of the small loan company will kindly remind you through text messages or phone calls: It is time to pay back the money. But in the later stage, if the small loan company reminds you and urges you to repay the money again and again, but the applicant is still indifferent, then they may send a group text message to let the applicant's relatives and friends know that you borrowed money outside and never paid it back. , causing the applicant's reputation to be damaged.

In addition, some small loan companies ask borrowers to fill in at least a few close contacts when filling out loan information, such as the applicant's parents, relatives, friends, colleagues, etc. The applicant is required to authorize the reading of the mobile phone address book and the communication records of the operator's online business hall. When the applicant fails to pay the money, not only may you be "bombarded with phone calls", but even family and friends around the applicant may also receive harassment, which will seriously disrupt the lives of you and your family.

3. Incurring penalty interest and liquidated damages

No matter where the applicant applies for a small loan, he will sign a corresponding loan contract with the borrowing institution. Since the contract is signed, Of course, you must act in accordance with the contract and fulfill your repayment obligations. Once the contract expires and the applicant fails to repay the money he owes, the first thing the applicant will encounter is penalty interest, and some institutions will also charge a certain amount of liquidated damages according to the contract content. If the applicant still does not repay the money, then As time goes by, the applicant's penalty interest will be more and more, and the applicant will be under increasing pressure to repay in the future!

In addition, if the applicant still does not repay the money, the debt collectors may come to your home to collect debts or the company where you work to collect debts. In this way, the applicant's job may not be guaranteed. , the gain outweighs the loss!

In addition, if the applicant has a very bad attitude during debt collection and engages in some rogue behavior such as insulting and beating the debt collector, then you will have ruined the room for negotiation with the small loan company and pushed yourself closer. dead end! Therefore, when the debt is not repaid, the applicant should also correct his attitude and actively negotiate with the small loan company to solve the problem, so that he may be able to obtain a grace period.

4. Sued by the court

After a series of collection activities, if the financial institution finds that the collection has been fruitless, they may file a lawsuit in court and use legal means to recover. To repay the loan, during this period the applicant may receive reminder letters, execution documents, etc. from the court. Once the court pronounces the judgment, the repayment ruling must be implemented even if the applicant is unwilling, otherwise the court will inquire about the applicant’s The property may be frozen and seized, sealed in accordance with the law, or auctioned. In short, all the property owned by the applicant will be used to repay the debt.

5. In serious cases, you may be imprisoned

Generally speaking, non-payment of money is a civil dispute, but if the borrower refuses to execute the judgment after the court execution judgment is issued, , resolutely denying it to death, and acting as a deadbeat, that is another matter. The court will pursue criminal prosecution, and if the circumstances are serious, you may be jailed. If things evolve to this point, it will be tragic.

However, generally speaking, only malicious debts may be subject to criminal liability. Generally, non-malicious debts will not involve imprisonment. However, for borrowers, not only is it not good for them to owe money, but it will also affect their family and friends. It is really not worth it. As a borrower, you should still base your financial income and repayment ability on Go borrow money.