1. Increase of overdue fee: Failure to answer the collection call within the time limit may lead to increase of overdue fee. Loan contracts usually stipulate that overdue repayment needs to pay a certain amount of late fees or penalty interest. If you don't communicate with the collection staff in time to solve the repayment problem, overdue fees will continue to accumulate.
2. Credit record damage: Failure to answer the phone within the time limit will damage the borrower's credit record. Collection is one of the important ways for the collection staff to communicate with borrowers. If the borrower does not answer or refuses to cooperate with the collector, the collector may record this in the borrower's credit report, which will have a negative impact on the borrower's credit rating.
3. Increased risk of legal proceedings: Failure to answer the phone within the time limit may increase the risk of legal proceedings. Collection is an important way for the collector to negotiate with the borrower to solve the repayment problem. If the borrower refuses to cooperate with the collector, the collector can take legal measures to recover the arrears, including suing the borrower. Once legal proceedings are involved, borrowers will face greater economic and legal risks.
4. Intensified collection action: Failure to answer the collection call within the time limit may lead to intensified collection action. The collection staff will take various measures to recover debts, including door-to-door collection, filing a lawsuit and applying for enforcement. If the borrower does not cooperate with the collection personnel, the collection action may become more severe and frequent, which will bring greater trouble and pressure to the borrower.
To sum up, failure to answer the collection call within the time limit may lead to an increase in overdue fees, damage to credit records, increased risk of legal proceedings and intensified collection actions. Therefore, it is suggested that the borrower communicate with the collection personnel in time in case of overdue, and actively solve the repayment problem to avoid the subsequent adverse effects.
To avoid becoming a blacklist of online loans, we should not only pay attention to overdue repayment, but also pay attention to avoiding long-term borrowing. You can check your long-term loan situation through "general credit check". Long-term loans mainly refer to recent applications in lending institutions. It is recommended to stop all lending-related operations within three months and give yourself a chance to breathe. In this way, after three months, the natural risk index will be reduced and the blacklist will be eliminated.