Can Alipay and 714 Anti-aircraft Loans be borrowed and not repaid?What are the consequences?

Why do so many people want to borrow money?

• Because the application threshold is low and the payment speed is fast, it is much faster than bank loans and licensed online loans, and it is suitable for people who are in urgent need of money.

What does 714 anti-aircraft gun mean?

• 714 anti-aircraft gun loan, refers to the online loan (online loan) with a loan period of about 7 to 14 days.
• Due to the high interest rate, beheading interest, and huge profit collection, these characteristics have been criticized by borrowers.

A shrewd businessman who uses credit leasing to make usurious loans.

AlipayWhat are the consequences of taking out a loan?

A netizen said that he had borrowed some borrowing and huabei before, but he did not repay the loan in installments.

Over time, he completely forgot.

Until one day, he received a text message saying that the contract was breached and the contract was terminated, asking him to pay in full.

Later, I received a call from a lawyer, saying that the payment was entrusted by Alipay to collect the money, and that if the payment was not made, the consequences would be serious.

Since then, the credit score has dropped straight from 700 to over 400.

After that, many things were unavailable due to credit score issues.

As you can see, you can give us more interest, but you can't default and not repay.
If legal procedures are adopted, it will be adversely affected in terms of employment and loans in the future, so don't lose the big because of the small.

What happened to those who didn't return the 714 anti-aircraft guns?

Because the interest rate is high, some people can't afford it.

Some people are not going to pay back the money.

If the 71.com loan is not repaid, if it expires, it will face multiple problems...

1) High overdue interest

According to the provisions of 714, overdue is required to pay high overdue interest

For example, the daily overdue fee is 10% of the handling fee, some are 10% of the payout, some are 10% of the loan amount overdue, but these 10% of the overdue amount are calculated on a daily basis.

2) Overdue collection

If it's overdue, you'll run into collections in addition to super high overdue interest.

• A 714 collection will call and text someone, then call the borrower address book contacts.
• This term is known as the "explosive address book".
• Some simply blast emergency contacts and put pressure on borrowers by telling others.

There are also calls to make verbal threats, or p pictures.

• This is even more important for female borrowers.
• Girls may not be able to bear it if they are grouped by p pictures.
• But according to the reactions of many people, the 714 platforms encountered will be p-pictures.