Generally speaking, overdue repayment of online loans will not only encounter collection, but also generate overdue records and overdue interest. In order to avoid the negative impact of overdue records, users should pay off overdue debts as soon as possible.
After the bank loan expires, if it is unable to repay, the following measures can be taken:
1. Apply for deferred repayment: If you have a good attitude and show inability to repay in a short time, you can apply for deferred repayment from the bank.
2. Apply for installment repayment: When the repayment amount is too large and the repayment ability is insufficient, you can apply for installment repayment, and you can divide the arrears into multiple installments to ease the repayment pressure of each installment.
3. Borrow money from relatives and friends to repay: If the amount owed is not large, you can borrow money from relatives and friends to repay the debts of the bank first, and then return the borrowed money afterwards.
4. Repayment of assets at a discount: If you have jewelry, real estate, vehicles and other properties in your hand, you can discount these items to repay the debts of the bank.
What will happen if the loan is not repaid?
1, which affects the borrower's personal credit information. The borrower's personal credit is affected, which will directly affect the borrower's future loans.
2. If the borrower fails to repay the loan on time, the bank will impose penalty on the borrower, which will lead to great repayment pressure on the borrower.
When you are in loans overdue for one month, the bank will send you a message. If it is overdue for more than three months, the bank will call or collect it at home.
4. If loans overdue is over six months, the bank will sue the borrower to the court, and the court summons will be sent to the borrower's home. On the day of the court session, regardless of whether the borrower appears in court, the court will freeze the collateral originally mortgaged by the borrower to the bank and then auction it. The proceeds from the collateral auction will be used for repayment.
The money borrowed by online loans has nothing to do with bank cards. Even if the repayment is overdue, the bank card will not be frozen, but the online loan account will be frozen, so that the parties have no right to borrow again, and there is no repayment in the case of repeated collection by online lending institutions. Then, it can be solved through litigation, so that the debtor can pay off all the loans within the specified time.
Legal basis:
code of civil law
Article 103 If the judgment may be difficult to execute or cause other damage to the parties concerned, the people's court may, upon the application of the other party, order the preservation of property, order the execution of certain acts or prohibit the execution of certain acts. If the parties do not apply, the people's court may also order the adoption of preservation measures when necessary. When the people's court takes preservation measures, it may order the applicant to provide a guarantee. If the applicant is unable to provide a guarantee, the application shall be rejected. After accepting the application, the people's court must make a ruling within 48 hours in case of emergency; Those ordered to take protective measures shall be executed immediately.