1. Liability for breach of contract: According to China's Loan Contract Law, the borrower will be liable for breach of contract if it fails to repay the loan as required by the contract. Therefore, college students need to bear corresponding legal responsibilities for overdue online loans.
2. Debt recovery: If the borrower fails to repay the online loan on time, the creditor has the right to recover through legal means. This may include taking legal proceedings, applying for enforcement and other measures to protect the interests of creditors.
3. Court judgment: If the borrower is judged by the court to be in breach of contract, he may face penalties such as property seizure, consumption restriction, and dishonesty record. This will have a negative impact on college students' credit records and future development.
To sum up, the 65,438+million online loans owed by college students need to bear legal responsibilities, including the liability for breach of contract, debt collection and the consequences brought by court decisions. This is to safeguard the legitimate rights and interests of both borrowers and borrowers and urge borrowers to fulfill their contractual obligations. It is suggested that college students take the loan behavior seriously, abide by the contract and repay it in time to avoid falling into legal disputes and economic difficulties.
Extended data:
In recent years, the government of China has strengthened the supervision of the online loan industry. Through the introduction of a series of policies and regulations, the compliance and risk prevention of the lending market have been strengthened, aiming at protecting the rights and interests of borrowers and maintaining the stable operation of the financial system. Therefore, borrowers should abide by relevant laws and regulations, borrow rationally, plan their personal finances rationally, and avoid falling into unbearable debts.