How to deal with overdue online loans:

1. Communicate with the other party, and both parties negotiate and reach a repayment agreement;

2. The interest exceeds one year when the contract is established Four times the market quoted interest rate for short-term loans. Loan activities should be stopped promptly. Lending at high interest rates is prohibited by law, and any excess interest agreement is not protected by law.

1. Article 25 of the "Regulations of the Supreme People's Court on Several Issues Concerning the Application of Law in the Trial of Private Lending Cases" stipulates that if the lender requests the borrower to pay interest according to the interest rate agreed in the contract, the People's Court shall support it. , except that the interest rate agreed upon by both parties exceeds four times the one-year loan market quote rate at the time the contract is established. The "one-year loan market quoted interest rate" referred to in the preceding paragraph refers to the one-year loan market quoted interest rate published monthly by the National Interbank Funding Center authorized by the People's Bank of China since August 20, 2019.

2.

What will happen

1. Phone calls and door-to-door reminders

Generally speaking, if the final repayment date exceeds three days, days, if the loan institution still has not waited for the repayment amount, it will call the borrower to understand the situation. Of course, the borrower can also take this opportunity to reveal the unspeakable secrets and play the sympathy card to obtain a grace period for repayment. . But if the arrears are delayed again and again, and the lending institution no longer has hope and is left disappointed, the next action to be taken is likely to be door-to-door collection.

2. File a lawsuit in court

If the collection fails, the lending institution will use legal weapons to protect its own rights and interests. Under the mortgage loan method, it will ask the court to auction the mortgaged property, and the proceeds from the auction will be used first to repay a series of expenses such as the remaining principal and interest, attorney fees, and litigation fees. If there is any remaining amount, it will be returned to the borrower in full. . This process sounds easy to say, but it is not necessarily easy to do. It will take at least three months to cash in the assets. During this period, the borrower can raise funds, win the battle for assets, and use the funds to return them. Get the lender to drop the lawsuit. The principles of credit loans are the same. Borrowers still cannot escape legal sanctions and need to use assets in their personal names to repay the loans.

3. Personal credit is destroyed

Once a borrower makes a loan transaction with a bank, all repayment behaviors will be recorded by the central bank’s credit reporting system and truthfully reflected in the credit report superior.