1. According to the relevant laws of our country, prosecution and litigation must have a certain time limit, generally three years. During this period, the platform has the right to file a lawsuit. After this period, the court will not accept such cases.
2. Prosecuting online loan cases that are overdue for three years will involve complicated legal procedures, such as investigation and evidence collection, prosecution and trial. Because borrowers evade contact and repayment, it is difficult to find property clues, which will increase the difficulty and cost of prosecution.
3. Even if the prosecution is successful, the court will face challenges in the implementation stage. For example, the borrower has transferred or hidden the property, which makes it difficult for the court to find the property available for execution. Even if the property is found, the borrower refuses to execute it for various reasons, which makes it more difficult for the court to execute it.
4. The online loan industry is developing rapidly, the relevant regulatory policies, laws and regulations are not perfect, and the treatment of overdue repayment and the definition of legal liability are vague. In this case, the court will be more cautious when choosing prosecution or execution.
5. Under the background that social credit is becoming more and more important, the borrower's overdue repayment behavior will affect its future development, thus prompting the borrower to actively seek solutions, such as negotiating with creditors or applying for relief. In this case, creditors and courts prefer not to prosecute or not to enforce.