What should I do if I receive legal notice after the online loan is overdue?

1. Negotiate with the overdue platform to extend the use of the extension time to raise repayment funds.

2. Tell your family the truth. In this case, only your family can help you for free and borrow money from your friends to make up for the debt.

3. Mortgage the assets on hand to repay the loan, and reduce the credit and property losses caused by overdue.

Provisions on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases Article 26 If a lender requests the borrower to pay interest at the agreed interest rate, the people's court shall support it. The interest agreement between the borrower and the borrower that the interest rate exceeds the annual interest rate of 36 is invalid. The people's court shall support the borrower's request to the lender to return the interest paid in excess of 36% per annum.

People's Republic of China (PRC) Civil Code

Article 577 Where a party fails to perform its contractual obligations or fails to perform its contractual obligations in conformity with the contract, it shall be liable for breach of contract such as continuing to perform, taking remedial measures or compensating for losses.

Article 674 The borrower shall pay interest at the agreed time limit. If the time limit for paying interest is not stipulated or clearly stipulated, and cannot be determined according to the provisions of Article 510 of this Law, if the loan period is less than one year, it shall be paid together with the loan; If the loan term is more than one year, it shall be paid at the end of each year; if the remaining term is less than one year, it shall be paid together with the loan.

Article 676 If the borrower fails to repay the loan within the agreed time limit, it shall pay the overdue interest in accordance with the agreement or the relevant provisions of the state.