What should I do if my loan is overdue due to my inability to repay?

It is very simple to borrow money from Jiebei. The key is to repay the money on time in the later period. Some people have overdue borrowing due to capital turnover or other problems and are unable to repay.

What should I do if my loan is overdue?

1. If you are unable to repay the loan after it is overdue, it is recommended to negotiate with the other party quickly. You can indicate your need to negotiate for repayment when you receive a reminder call, or you can Call the official phone number of Jiebei and express that you are unable to repay and want to negotiate. The other party generally will not directly agree to negotiate. In this case, you need to submit some proof of your inability to repay.

Proof of inability to repay can include no income from work, proof of illness, debt, etc. The law stipulates that debts must be paid off. If the debt is temporarily unable to be repaid, the debtor may repay it in installments with the consent of the creditor or the ruling of the people's court.

2. Alipay can extend interest-free for 1-3 years. How to negotiate and communicate with the bank to resolve the overdue payment:

1. Tell the bank staff that the overdue payment is just a recent shortage of funds, and There is no cheating and repayment is guaranteed.

2. Indicate that your overdue behavior is a personal act. If there is violent pressure during the collection process, you can collect evidence and file a complaint, or even sue.

3. If you have a strong willingness to repay the loan and it is really difficult, you can explain the actual situation to the bank and apply for installments. If successful, you can pay in up to 60 installments. Collections and prosecutions will be stopped, but liquidated damages and interest will not be stopped, and credit reports will always be overdue. After maturity, the one-time settlement can be reduced or reduced according to the policy at that time.

Data Expansion

The failure to repay the loan on time in Jiebei mainly has the following impacts:

1 Functional limitations: functions of Jiebei after overdue and other credit products Use will be affected, and whether it can be restored after repayment will be evaluated from time to time;

2 Quota impact: Even if you repay after the due date, the quota may be reduced or there will be no quota;

3 Negative records: Overdue records will be uploaded to Sesame Credit, and the basic financial credit information database will be uploaded in accordance with regulations;

4 Overdue interest: Overdue repayment, overdue amounts will be charged an overdue fee of 1.5 times the normal interest rate.

The impact of overdue borrowing is quite large. The longer the overdue period, the greater the impact. So don’t just break the bank just because you can’t repay. Finding ways to deal with it in a timely manner is the best way. What should I do if my loan is overdue and I have no ability to repay it? Try these solutions

Jiebei is a credit loan with a credit bureau. Although it is easier to apply for, if it is overdue, it will affect your credit, and it will not be conducive to subsequent credit business after repayment. For this reason, you still have to It’s good to repay on time. However, there are always some borrowers who really do not have the ability to repay and their loans are overdue. So what should we do if our loans are overdue? It’s better to find a solution as soon as possible.

What should I do if my loan is overdue and I have no ability to repay it? 1. Apply for negotiated repayment. If the borrower is temporarily incapable of repaying the loan, for example, cannot repay it all at once, but repaying in installments is still fine, it is recommended that you contact Alipay customer service to see if you can apply for negotiated repayment of the overdue loan. Don’t give up if a negotiation fails. Try a few more times and you may succeed. In the process of negotiating repayment, the key is for the borrower to show good willingness to repay, explain that he or she is temporarily unable to repay due to some special reasons, such as being quarantined due to the epidemic, and provide true supporting documents to obtain the loan. After you agree, you can re-divide the repayment into several installments to reduce the repayment pressure, and you may be able to negotiate for a reduction or exemption of part of the interest. 2. Ask family and friends for help. If the loan is overdue, penalty interest will be charged at times of the normal interest rate. The longer the period, the more serious the interest will be compounded. If the borrower himself is unable to repay, see if he can borrow money to repay the loan. This does not mean asking the borrower to borrow other loans, but to ask family members and relatives to borrow money. At least it will not go up in the credit report. If you pay off the debt by the agreed time, you will be fine. No matter who you are borrowing money from, you must show sincerity, tell the other party the purpose of borrowing the money, and agree on the repayment period, and you can give appropriate interest.

It is best to find multiple people to borrow money, and each person borrows less money. This way the risk is low. If the other party borrows money, it will not affect your life and work, and most people will still borrow money. The above is the relevant introduction to "What should I do if my loan is overdue and I have no ability to repay it?" I hope it will be helpful to everyone. The best way to deal with the problem of being unable to repay the loan

If the user is unable to repay the loan, it is recommended that the customer actively contact Alipay customer service to explain the situation, and it is best to provide certain information (such as proof of termination of the labor contract, unemployment certificate, etc.) Prove to Alipay customer service that you really do not have the ability to repay, and you did not intentionally fail to repay. Then you can try to apply for an extension of the repayment period and repay the debt in installments.

Although Jiebei does not provide deferred repayment services, for customers who do not have the ability to repay, Jiebei will also consider recovering the money as appropriate. Before the negotiation, the customer cannot directly avoid repaying the loan. He should try to pay back a little bit, so that the bank can see that he has a positive willingness to repay the loan. If the customer fails to repay the loan after the due date, or even cannot be contacted after multiple reminders, then Borrowing may sue the customer.

If you have no money to repay and want to pay off your loan debt as soon as possible, you can actually borrow money from relatives and friends to repay it. Be careful not to borrow another loan to repay a loan, or withdraw cash from a credit card to repay a loan. Such behavior of "repaying a loan with a loan" or "repaying a loan with a card" is illegal.