Now people's consumption concept has undergone great changes, from conservative consumption to advanced consumption. Originally, this change in concept was very beneficial to groups with fixed income. However, since the emergence of major online loans, many students without any economic income have begun to rise this consumption concept. Every month, the living expenses at home are not enough, and many students start to borrow online. In the long run, the amount of online loans is getting bigger and bigger, and finally it can't be repaid. Only then can we know the seriousness of the matter.

What should a student do if he doesn't pay back the money borrowed from the online loan?

1. Ask your family for help.

At present, many online loan products borrow money from credit reporting agencies. You are still a student, and the credit reporting agency is very important to you. If there are problems and stains in your credit reporting agency, it will be very unfavorable to your future study and life. So, you must find a way to pay back the money. At present, the only person who can help you pay back the money fastest is your family, so you ask your family to help you pay back the money.

2. Find a part-time job to make money.

If you are a college student, you should take full responsibility for what you have done. Since you have spent the money from this online loan, you must find a way to pay it back. I'm embarrassed to let my family give it back to you. Then you should take time out of your study to do a part-time job to pay it back. Although it is hard, it is also my own fault.

3. Actively communicate with online loan customers before the repayment period expires.

If you really can't repay all the loan money, then communicate with the customer service in advance to see if you can repay it with the minimum repayment amount first, and then repay it all after saving enough money to avoid being sued.

In a word, I think as a student, you should not surf the Internet without any fixed income to pay the repayment. Although online lending is convenient to borrow money, but the interest is also high, it is only natural to borrow money and pay back the money. Since you borrowed money, you have to pay it back one day, otherwise your credit status will be affected. Therefore, it is suggested that students should not borrow money impulsively!