The online lending application process is faster than traditional banking procedures, and as a result, more and more people are opting for Internet lending products. However, some wrongly believed that the net lending had no consequences, and if they chose not to repay the loan, the outcome was understandable and had a significant impact. Abandoning your debt is not a wise solution, but let's say the consequences of non-payment:

What happens if we don't pick up the phone? The consequences are serious

First, if the borrower chooses not to answer the call, this performance will only put himself in a more serious situation. The web-based lending platform, when unconnected to users, will increase the frequency of receipt — not only by making frequent calls but also by texting, which will undoubtedly disrupt the normal lives of users。

Second, the web-based lending platform may also refer to emergency contact persons or family and friends on the mailing list for collection. If the borrower is still unable to make direct contact, it would be like bringing a bribe to the benefactor。

Worse still, after several collections of outstanding payments by borrowers, the web-based lending platform has the potential to transfer the pick-up scene to the user ' s duty station or home for collection by a specialized collection company。

This is not over, and lending accounts of borrowers will be classified as high-risk, frozen, and may even be restricted in the future, if repayments are waived and call calls are abandoned。

If the loan is larger and the collection is invalid, the online lending entity may go through legal proceedings and bring the case before the court, which will enforce it once it is decided。

Finally, if unconnected borrowers remain intransigent, then the debt may eventually be recorded as bad debt, which will lead to a negative impact on personal credit records。

In general, borrowers need to avoid over-borrowing when applying for Internet loans, commensurate with their personal circumstances and financial capacity. At the same time, good credit behaviour in the use of credit products and timely and full repayment of loans is the right way to guarantee personal credit。