What will happen if the installment is overdue?

It is best to repay online loans on time.

General online lending will not have the following results:

1, paying high penalty interest and liquidated damages; 2. Fancy collection facing the platform; 3. Online lending big data leaves a credit stain, and applying for a loan is easily rejected. This aspect is more serious. You can get the online loan big data report from Feiyu Quick Check, which contains information such as online loan history, overdue details of online loans, liabilities, untrustworthy information, and online loan blacklist. If your big data has been hacked, it is recommended not to retry the loan recently; If the amount is enough, you will face the risk of being sued.

Although there is no risk of going to jail, it is natural to pay off debts. Credit information on online lending platform is conducive to standardizing users' online lending behavior and helping the state manage online lending business. But in fact, regardless of whether these online lending platforms are included in the credit information, you should not lend at will. You should spend money reasonably and do things within your financial ability.