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What are the consequences of overdue online loans? These consequences are too serious

In recent years, a variety of online loan apps emerge in an endless stream. You can borrow a lot of money by simply operating on your mobile phone. However, if you don't pay it in time, the consequences are very serious, so you should consider it before you want to borrow money.

China's credit blacklist website includes information about ID number, home address, student status, and even mobile phone numbers of parents and classmates. At present, this website has been infringed and has been closed. However, there are still some websites that disclose the information of the overdue online loan, but the information is only name, loan amount, overdue principal and encrypted ID number. It is conceivable that such a website is reasonable, and it is reasonable to disclose the information of overdue repayments without infringing personal rights and interests. Open overdue blacklist can provide reference for online lending platform and reduce the industry debt repayment rate. As for whether such a website infringes, it needs to be another matter. If it really involves infringement, it is estimated that the website has already been blocked.

The possible consequences of overdue online lending

1、 Bear high overdue expenses

Overdue online loan will cause overdue fees. Different online loan platforms have different names and charging standards. The charges are very high. It's not uncommon for college students to borrow thousands of yuan on campus loan platform, but roll to tens of thousands of yuan after several months. Therefore, those who have the ability to repay on time must not be overdue.

2、 Bear all kinds of collection on the platform.

Overdue online loans will first be collected by various platforms. Collection is generally divided into three stages: just overdue for a few days, overdue for a long time, overdue for a long time. According to different stages, the collection strength of the platform is also different. If the borrower is overdue for a long time, the platform will give a serious warning, and the threat of further overdue will have serious consequences. If the customer is overdue for a long time, the platform will even take direct action. The specific practical action may be to arrange special collectors to collect, or take legal measures. Of course, no one in Taiwan is willing to take such measures easily.

3、 Facing a wide range of trust crisis.

Now online lending platforms have established a blacklist system, and the blacklist platforms have begun to communicate with each other. If the loan is overdue on one platform, it will be very difficult to borrow on other platforms. If there is a crisis of trust, the borrowers may take the plane, high-speed rail, or even the loans in the future.

Possible legal liability

If the platform takes legal measures against the borrower, the borrower will face serious legal liabilities, mainly as follows:

1. Sealed up bank accounts, forced deduction of deposits in accounts, sealed up and auctioned houses and other properties,

3. They may be fined or detained by the court,

4. Facing fixed-term imprisonment, criminal detention or penalty order

So Xiaobian suggests that the majority of online loan investors must not overdue repayment.

Suggestions of Xiaobian

Before the loan consumption, the borrower must have the ability to distinguish and calculate whether the cost is within the bearing range; at the same time, he should carefully read the corresponding agreements and rules; if he can't repay on time due to economic stress, he should also take the initiative to communicate and coordinate with the platform in time to avoid unnecessary impact on his reputation and credit investigation.

Online borrowers must keep good credit habits. We should be clear about the impact of overdue payment and the consequences we need to bear, and never underestimate the consequences of overdue repayment. We should pay attention to the deadline of self repayment, not because individuals forget the repayment date, and the online loan platform can't contact the loan.