What will happen after the online loan is overdue?

Online lending does not have the following consequences.

1, bear a high penalty interest.

After the online loan is overdue, the penalty interest will be charged on a daily basis on the day after the repayment date. The penalty interest rate is different from the normal loan interest, but it is calculated on a daily basis and compounded monthly until the arrears are paid off.

2. Pay liquidated damages

Individual online lending platforms will also charge liquidated damages to overdue borrowers. The fee is generally 3% of the remaining unpaid principal, which is charged once a month, that is, the loan is not paid off in the current month and will be charged next month.

You can't borrow any more money.

The online lending platform will not allow borrowers with overdue debts to borrow again. Even after paying off, it is necessary to comprehensively evaluate the historical lending records and the current credit status of borrowers, and they cannot borrow in the short term when they are seriously overdue.

4. Reduction or cancellation of quotas

The credit line of online lending platform will be adjusted from time to time. If the overdue borrower fails to perform the contract on time, the comprehensive score of the platform will be lowered. Once it falls below the credit standard of the platform, the credit line will be cancelled or reduced.

5. You can't enjoy interest rate concessions or interest rate hikes.

Some borrowers have enjoyed preferential interest rates before borrowing. If the online lending platform is overdue, it will restore the original interest rate and even raise the interest rate. Even if borrowers can borrow money, they have to pay more interest, which increases the borrowing cost.

Step 6 be urged by text messages

The most commonly used collection method of online lending platform will send a text message to urge the borrower to repay after the deadline, and it will be sent every day before the borrower pays off.

7. Be collected

Telephone collection is also one of the collection methods of online lending platforms. Some staff of the online lending platform make phone calls, and some outsource to third parties to make phone calls, all with the purpose of urging borrowers to repay.

8. Collect at home

It is also one of the collection methods, but not all online lending platforms will come to the door, and it is necessary to combine the borrower's attitude and collection costs.

For example, after the borrower owes money, he does not answer the phone or reply to the text message, and the amount owed is higher than the collection cost. The formal lending platform may come to collect money.

9. Be sued

The borrower is overdue for more than 3 months, owing 10000 yuan, in the state of losing contact or not willing to repay. The online lending platform will take legal channels to defend rights and go to court to sue borrowers.

The borrower will receive a summons from the court to inform the court of the trial time.

Even if you don't appear in court, you will be tried in absentia. If you lose the case, you will not only bear the litigation costs of the online loan platform, but also be executed. Those who have the ability to refuse to repay may be included in the untrustworthy executor.

10, limit high consumption

If the online loan is overdue, it will not become an executor of dishonesty. It is allowed to travel by plane, second-class ticket of high-speed rail, etc. And you are not allowed to go to five-star hotels and spend money on golf. These high consumption can't be enjoyed even if you have money until you pay off the overdue loans.

1 1, personal credit stain

Most formal online lending platforms are connected to the credit information system. After loans overdue, they will report to the central bank's credit information system. The loan record of this loan will show overdue, and the degree of overdue will be marked with the number 1-7, with a term of 30 days. More than 3 figures belong to credit black households and cannot do any credit business.

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How to solve the overdue online loan?

There are many consequences of overdue online loans. The longer the overdue time, the more serious it is. Only by truly paying off all arrears including principal+interest+overdue fee can the influence be gradually eliminated over time.

Therefore, the borrower must repay the loan as soon as possible after he is in loans overdue. If he has no money, he should borrow it from relatives and friends at once. However, he should not borrow money or swipe a credit card to repay overdue online loans, which will make him fall into overdue risk again and he will also bear other debts. It's even harder to pay off the debt.