With the development of Internet amount, many online loan platforms have sprung up. Compared with bank loans, online loan is easy to approve and fast to lend, which is popular with many people. Although online lending can alleviate the temporary shortage of funds, it may bring some negative effects in case of overdue repayment. So what are the consequences of not being able to afford online loans? Can online loans not be able to default?
1. Will face high overdue charges
Different online lending platforms have different overdue charging standards. In addition to the penalty interest, the borrower also needs the platform's collection fee, overdue interest, etc., and it is profitable. In the end, the snowball will roll bigger and bigger, and the loan will be unbearable!
2. Facing all kinds of collection on the platform
At the beginning of overdue, the platform will send SMS or call to urge the borrower to repay. After collection, if the borrower has not yet repaid, the staff of the platform will give a serious warning to the borrower. If the borrower is overdue for a long time, it does not rule out that the platform will use 'pop address book' or other violence to collect.
3. It is likely to be sued by online lending platform
The online loan platform loan is that the borrower borrows through the network. If the borrower does not repay, it is a civil dispute. Civil dispute prosecution is different from credit card overdue prosecution. There is no limit on the amount of overdue amount in civil dispute prosecution. Even if you are only overdue for several hundred yuan, if the platform wants to sue you, it is OK.
However, generally, if the overdue amount is too large to be paid back, the platform will take legal measures. If the borrower is sued to the court, after the court's judgment, the borrower will unconditionally enforce it.
If you want to rely on the accounts of the platform, either the online lending platform goes bankrupt and no one takes over, you may not have to pay back the money you owe; or if the amount is small, the platform may deal with bad debts. The amount is relatively large, so it is estimated that it is very difficult to rely on it. In a word, no matter what happens, we don't recommend you to borrow online loans. Online loans do harm to people!