1 thought on “What are the consequences of online loans?”
Guadalupe
One: encounter penalties and liquidated damages. If you do not repay the loan, the platform will collect your overdue interest. The overdue interest is quite high. Some loan platforms even collect contracts. These costs are more burdensome. Two: Credit damage. Some online loan platforms are connected with the central bank's credit reporting system. If you do not repay the time limit, there will be bad credit records. It is difficult to apply for credit cards or loans in the future. Even if some online loans do not go to credit, there will be big data records, and you will become net black. Three: Fancy collection of the platform. Don't think it is an online loan. The platform will not come to you to find you. There is a collection system for the loan platform. At first, it may send you text messages and call. If you don't pay it back, there will be a platform for the collection personnel for 24 hours, and you will even collect it from your friends, which will seriously disrupt your work and life. Four: The asset may be seized; the circumstances must be serious. If the amount of the arrears is large and then you are maliciously arrears, the financial institutions will be armed by law. You will be prosecuted, and the court will seize your real estate in accordance with the law to repay the arrears with auction. If the borrower refuses to execute and is determined to be Lao Lai, it is better to run the road without paying money. The circumstances are very bad. The court will also investigate the criminal responsibility of the borrower. The consequences of online loans are still very serious, and what is suffering is as a borrower. I think that the loan platform calls a few times to find you to pay back the money and find it. It is impossible. No matter what online loan is, it is the most important thing to repay on time. [Legal basis]: "Interim Measures for Personal Loans" Article 11 Personal loan application shall have the following conditions: (1) The borrower is a citizen of the People's Republic of China with complete civil behavior or an overseas natural person who complies with the relevant state regulations. (2) The use of loans is clear and legal; (3) the amount, term, and currency of loan application; (4) The borrower has the willingness to repay and repay the repayment; (6) Other conditions required by the lender.
One: encounter penalties and liquidated damages. If you do not repay the loan, the platform will collect your overdue interest. The overdue interest is quite high. Some loan platforms even collect contracts. These costs are more burdensome. Two: Credit damage. Some online loan platforms are connected with the central bank's credit reporting system. If you do not repay the time limit, there will be bad credit records. It is difficult to apply for credit cards or loans in the future. Even if some online loans do not go to credit, there will be big data records, and you will become net black. Three: Fancy collection of the platform. Don't think it is an online loan. The platform will not come to you to find you. There is a collection system for the loan platform. At first, it may send you text messages and call. If you don't pay it back, there will be a platform for the collection personnel for 24 hours, and you will even collect it from your friends, which will seriously disrupt your work and life. Four: The asset may be seized; the circumstances must be serious. If the amount of the arrears is large and then you are maliciously arrears, the financial institutions will be armed by law. You will be prosecuted, and the court will seize your real estate in accordance with the law to repay the arrears with auction. If the borrower refuses to execute and is determined to be Lao Lai, it is better to run the road without paying money. The circumstances are very bad. The court will also investigate the criminal responsibility of the borrower. The consequences of online loans are still very serious, and what is suffering is as a borrower. I think that the loan platform calls a few times to find you to pay back the money and find it. It is impossible. No matter what online loan is, it is the most important thing to repay on time.
[Legal basis]: "Interim Measures for Personal Loans" Article 11 Personal loan application shall have the following conditions: (1) The borrower is a citizen of the People's Republic of China with complete civil behavior or an overseas natural person who complies with the relevant state regulations. (2) The use of loans is clear and legal; (3) the amount, term, and currency of loan application; (4) The borrower has the willingness to repay and repay the repayment; (6) Other conditions required by the lender.