What are the consequences of borrowing online loans? Credit information?

Online loans need credit. If the loan is not repaid, the first thing you encounter is a high penalty interest. On the basis of penalty interest, some financial institutions also need you to pay liquidated damages. These expenses add up, but they are not a small expense. If you don't want to get into the mire of loans, you must develop good repayment habits.

Once overdue, you will receive frequent phone calls, and the other party will lobby you to repay the loan quickly through various means. If the attitude is not good, there will be verbal conflicts and threats, intimidation and insults will be taken.

And the most annoying thing is that some collections will use the software that "calls you to death" to harass crazily in the middle of the night, early morning and holidays, which is difficult to completely block.

Extended data:

In fact, online lending companies also have their own credit information system and risk control system. Although some small loan companies cannot obtain credit information from the central bank, your overdue records will appear on other credit information platforms. Once bad records are left in these credit information systems, it is very difficult to borrow them on other platforms.

The report or excellent data from the central bank's credit information clearly understand your online loan credit information and overdue information. The online loan data report found by the latter includes online loan overdue days, overdue amount and overdue platform, as long as this official WeChat account is found.