1 thought on “What happens to online loans”

  1. The consequences of non -repayment of debt online loans:
    1. The borrower needs to bear the liability for breach of borrowing and non -repayment, generally high penalties and liquidated damages;
    2. n3 If the online loan has not been repaid for 90 days, it may be sued by the platform.
    [Legal basis]
    "Civil Procedure Law" Article 119
    The prosecution must meet the following conditions:
    (1) The plaintiff has a direct interest in this case. Citizens, legal persons and other organizations;
    (2) There are clear defendants;
    (3) There are specific claims and facts and reasons;
    (4) Scope and the people's court jurisdiction.

Leave a Comment