1. Negotiate with the borrower: contact the online lending institution, explain your predicament, and try to negotiate a new repayment plan or postpone repayment.
2. Ask for help: borrow money from relatives and friends or find other channels to raise funds in order to repay debts in time.
3. Evaluate the financial situation rationally: check your financial situation carefully and determine whether there are other ways to reduce expenses, such as cutting daily expenses and reducing the cost of living.
4. Seek professional advice: consult a professional financial adviser or lawyer to understand the relevant legal provisions and rights protection measures, so as to better deal with such problems.
Summary:
If the online business loan cannot be repaid, it is the first step to negotiate with the borrower and provide a reasonable solution. At the same time, actively seeking external help and rationally evaluating your financial situation can also provide support for solving problems. It is important to keep communication and try to find the best solution to avoid affecting personal credit records and future lending opportunities.
Extended data:
-The Personal Loan Contract Law (China Law) stipulates the rights and responsibilities of both parties, and it is suggested to refer to the relevant clauses when negotiating with the borrower.
—— The Measures for the Administration of Basic Database of Personal Credit Information of China People's Bank ensures the protection of personal privacy and credit information, and stipulates the possible consequences after breach of contract.
-Knowing your consumption habits and making a good budget are effective ways to avoid similar problems.