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Is there no legal responsibility for online lending?
Legal consequences of overdue repayment;

1. In case of debt collection, the online lending platform will entrust relevant institutions to collect debts from the debtor;

2. Being included in the list of untrustworthy persons.

3. Property is frozen or seized. Bank deposits will be frozen and their houses and cars will be seized.

4. Bear high interest. Online loans have been overdue, which will only lead to higher and higher interest, and finally bear high interest.

legal ground

Article 1 of "Several Provisions of the Supreme People's Court Municipality on Publishing the Information of the List of Executed Persons with Disbelief"

If the person subjected to execution fails to fulfill the obligations specified in the effective legal documents, and under any of the following circumstances, the people's court shall include him in the list of people subjected to execution for breach of trust and impose credit punishment on him according to law:

(1) Having the ability to perform and refusing to perform the obligations specified in the effective legal documents;

(2) Obstructing or resisting execution by forging evidence, violence or threats;

(3) evading execution by means of false litigation, false arbitration or concealing or transferring property;

(4) Violating the property reporting system;

(5) Violating the consumption restriction order;

(6) refusing to perform the settlement agreement without justifiable reasons.