Will I be prosecuted if I borrow the second IOU 1000?

It is possible to sue, but the first thing is to urge you to repay, but it is not necessary to sue.

After all, there are too many repayments now, and no one will pay them back without suing Li Wei.

Consequences of overdue online loans:

Loans overdue will pay a penalty interest. No matter what kind of online loan is applied for, once the repayment is overdue, the lending institution will not only inform the borrower to repay in time, but also charge a penalty interest (some products also have liquidated damages) according to the corresponding standards.

The overdue records are recorded in the credit report, although the application for spending money, borrowing money and borrowing money mainly refer to your sesame credit score and the third-party credit report score. Only when the credit score reaches the standard can you apply.

However, once overdue, it may be reported to the central bank's credit information system, such as Alipay. Although many online loans have not yet been connected to the credit information system, it may not be long before they are connected to the credit information system.

There will be various collections. If the borrower fails to repay the loan, the lending institution will adopt collection procedures in order to recover the arrears, such as SMS collection, telephone collection and door-to-door collection.

At that time, not only your life will be affected, but if you leave an emergency contact or read the address book, your relatives and friends will also be harassed by various collection calls.

Will be blacklisted by the bank, and those blacklisted by the bank will not be able to fly, high-speed rail, accommodation, etc. More seriously, children will not be able to go to key schools; There will be more punishments in the future, so it can be said that life is hard.

You will be sued by the court to seize the mortgaged property. If it is not paid for more than 3 months, it will be very serious! The loan bank will collect the loan according to the loan contract and guarantee contract (mortgage or pledge contract).

A lawsuit will be filed with the court, and the court will take measures such as property preservation, including freezing deposits in all bank accounts of lenders and loan guarantors and sealing up pledged property.