1. Communicate and negotiate with the borrower: First, try to communicate with the borrower, understand the reasons and circumstances of overdue, and seek a negotiated solution. We can put forward the proposal of repayment by installments to reduce the financial burden of the borrower.
2. Seek legal aid: If the borrower refuses to repay the loan or cannot be contacted, he can seek legal aid. Please consult a professional lawyer to learn how to safeguard rights and interests and take legal measures to recover debts.
3. Take legal channels: you can bring a lawsuit to the court and ask the borrower to pay off the debt. The court will make a judgment according to the loan contract and legal provisions, and execute the relevant judgment. If the debt does exist and the time limit for debt collection has passed, the court may consider the debt invalid and no longer enforce it.
To sum up, if the online loan is overdue for more than 20 years, it should be resolved through consultation with the borrower as soon as possible. If you can't communicate or the borrower refuses to repay the loan, you can seek legal aid and take legal channels to recover the debt. It is important to abide by legal procedures and safeguard one's own rights and interests.
Extended data:
Debt collection is usually carried out in accordance with the Contract Law of People's Republic of China (PRC). According to the provisions of this law, the borrower shall repay the loan within the time limit and in the way agreed in the contract, and if it fails to repay the loan within the time limit, it shall pay liquidated damages. If the breach of contract is serious, the creditor may bring a lawsuit to the court and demand the borrower to fulfill the repayment obligation.
The recovery of overdue debts requires timeliness, which is generally twice as long as the elimination time of contract debts. According to General Principles of Civil Law of People's Republic of China (PRC) and General Principles of Civil Law of People's Republic of China (PRC), the limitation of action for contractual debts is generally 20 years. In some cases, according to specific legal provisions or contract terms, there may be shorter restrictions.
It should be noted that the specific circumstances of each case may be different, so when dealing with debt collection, it is recommended to consult a professional lawyer for detailed legal advice.
The above are the answers and relevant legal materials of online loans overdue for more than 20 years. I hope it helps you.