Legal analysis: 1. Impact on credit reporting: The credit reporting compensation record is far more serious than overdue. Although the debt is compensated by the insurance company, once there is a compensation record on the credit information, your credit information may be hacked for life, no matter whether it is a loan to buy a house, a car or a credit card, it is basically hopeless. 2. Will be collected: After the creditor's rights are compensated, the creditor has changed from an online loan company to an insurance company, and finally escaped the collection of the online loan company, but also faces the collection of the insurance company, and even the insurance company may directly sue the borrower. Failure to repay will be included in the list of untrustworthy people and become an old lai that everyone despises. 3. Affect the family: if you don't return the money to the insurance company after credit compensation, you will become an old lai. Not only will you be restricted from high consumption, but you can't fly, take the high-speed rail, go abroad, etc. , the whole family will also be implicated. For example, it affects the spouse's credit information, children go to school, join the army, take an examination of civil servants, and work in public institutions.

Legal basis: Article 392 of the Civil Code of People's Republic of China (PRC), if the secured creditor's right has both things and people's guarantee, if the debtor fails to perform the due debt or the parties agree to realize the security right, the creditor will realize the creditor's right according to the agreement; If there is no agreement or the agreement is unclear, and the debtor provides the security of the property himself, the creditor shall give priority to the realization of the creditor's right with respect to the security of the property; Where a third party provides a property guarantee, the creditor may realize the creditor's right with respect to the property guarantee, or may require the guarantor to assume the guarantee responsibility. The third party providing the guarantee shall have the right to recover from the debtor after assuming the guarantee responsibility.