1. Credit record damage: Debt will not only worsen personal credit record, but also affect the pass rate of applying for loans, credit cards and other financial services in the future.
2. Increased expenses: overdue repayment may lead to high late fees and interest, further increasing the debt pressure.
3. Collection action: Online lending institutions may take collection measures, such as telephone calls, text messages, door-to-door collection, etc., which will bring harassment and pressure to individuals.
4. Legal proceedings: If it is overdue for a long time, the creditor may take legal proceedings to recover the debt, which will lead to further economic and legal risks.
Whether family members will get into trouble depends on the following factors:
1. Guarantee liability: If family members are guarantors or co-borrower, they may have to bear the debt repayment liability and face similar consequences as borrowers.
2. Sharing information: In some cases, the borrower may provide the contact information of family members, which may lead to collection action or bring trouble to family members.
To sum up, owing several online loans without repayment will lead to credit damage, increased costs, collection actions and legal proceedings. Whether family members participate depends on their guarantee responsibility and information shared with borrowers. It is recommended to check the comprehensive credit score of big data in qingquan first. The higher the score, the greater the probability that the loan will pass. Please pay attention to timely repayment of debts to avoid adverse consequences.
Extended data:
According to China's People's Republic of China (PRC) Contract Law, both borrowers and borrowers are required to fulfill their contractual obligations, including repayment of loans on schedule. In the case of overdue repayment, creditors can take measures such as collection and legal proceedings to recover debts. At the same time, if family members are guarantors or co-borrower, they may have to bear corresponding responsibilities. Therefore, it is suggested to manage personal debts carefully and try to avoid the situation of non-payment of debts.