Let’s first look at the consequences of overdue repayment of credit cards and online loans:

If a credit card is not repaid overdue, the first thing is that our personal credit report will be greatly affected. influence. If our credit report is affected, we will be rejected if we want to apply for related business at the bank in the future. Similar home loans, car loans, or applying for credit cards again will face big problems.

If our credit card is seriously overdue and does not repay it for a long time, we may be subject to civil litigation from the bank in the early stage, and we may also face criminal litigation in the later stage. In addition to legal sanctions, we will also bear an additional fine.

If the online loan is not repaid overdue, we may be subject to some violent collection. Although some online lending platforms have become more and more standardized, there are still many non-compliant platforms. Common violent debt collection methods include harassing phone calls, intimidation, and door-to-door threats. For such illegal behavior, we can call the police. In addition, some online loan platforms may also include credit reporting.

Even if the online loan you apply for is not subject to credit reporting, the online loan records will remain in the online loan big data. Obtain the online loan big data report from the official WeChat account of Yisou Data, which contains detailed data on online loan application records, online loan overdue details, breach of trust information, debt details, and online loan blacklists. If the big data of online loans is tainted, it will not only have an impact on future applications for online loans, but may even have a negative impact on the processing of important loans such as housing loans and car loans.

Similarly, if online loans are not repaid, you will also be prosecuted. However, compared with banks, which can file criminal lawsuits, online loans can file civil lawsuits, which is relatively light.

If your credit card is overdue, you will generally have to bear compound interest and late fees. However, since the bank is under the provisions of national laws, the interest rates are within an affordable range. The interest rate for online loans is obviously much higher, especially for some informal online loans, where a loan of several thousand yuan or even tens of thousands of yuan must be repaid.

If a credit card is maliciously overdrafted and the overdraft amount is more than 50,000 yuan, and the card-issuing bank fails to repay the overdraft for more than three months after two effective collections, the conditions for filing a credit card fraud case will be met. Online loans can only fall into the category of private lending, which is a civil contractual relationship. If the loan is not repaid, you will bear civil liability for breach of contract and will not bear criminal liability.