1. Face the debt bravely and sort out the loan situation in time. It is natural to pay back debts, and avoiding debts cannot solve the problem. We already owe more than10 million. The urgent task is to sort out the debt situation and write down which loans have borrowed money with a small notebook, including the monthly repayment time, amount and total amount owed.

2. Ensure timely repayment, and don't easily overdue. Loans overdue is not a trivial matter, and the penalty interest generated is relatively high, and most of them are compound interest. Once overdue, the debt will become bigger and bigger, which will increase the repayment pressure of the lender. The longer the overdue period, the more difficult it is to pay off. The repayment of arrears on multiple platforms should be in order, and the above credit information and small arrears are preferred.

If you can't do it yourself, ask your parents and relatives for help. In fact, it is to ask parents for help, or to borrow money from relatives and friends to repay. Don't be afraid of losing face. Anyway, it's better than overdue. Some people may not want to borrow money from others and plan to borrow money from other platforms to pay off debts. This practice of supporting loans with loans does not agree, robbing Peter to pay Paul will sooner or later fall into a bigger debt crisis.

4. If not, negotiate repayment or extension with the platform. Negotiating repayment can reduce some interest, reduce repayment amount and reduce repayment pressure. Some platforms can also provide extension services to extend the term of outstanding loans, so that the repayment pressure will not be so great and the successful extension will not be regarded as overdue.

Consequences of overdue arrears:

1. 50% interest will be charged for default interest. The penalty interest of different lending institutions is different, and the penalty interest charged by small loan companies may be higher. Adding late fees will be scary.

Second, pull into the blacklist to record bad credit. The name of the lender will appear in the internal system of the bank the day after the deadline, and the credit report will inevitably leave a bad record. It may be kept for 3-7 years.

Third, it will affect the handling of loans and credit cards in the future. As long as you enter the blacklist, mortgage and car loan processing will have an impact and you can't enjoy loan concessions.

Fourth, you can't go abroad, you can't fly, you can't take the high-speed rail, you can't get on the high-speed rail, you can't drive, and your children can't go to aristocratic schools. Once you are blacklisted, you will lose many legitimate rights and interests, and there will be more penalties in the future, which will seriously affect your life on earth.

5. It may affect your career. For students whose loans are overdue for 90 days in a row, the bank or school will publish your detailed information in the media.

6. Be sued by the bank and executed by the court. If a lawsuit is filed, the court will take property preservation measures according to the creditor's application, freeze the deposits of the lender and the loan guarantor, and seal up the corresponding real estate, vehicles and other property. After the judgment, it will be enforced according to law.