What happens if I don’t pay my balance online?

6 min read

The opinions of the employees of You are personal.

  • Negative impact on your credit rating.
  • Pick-up calls and emails.
  • Physical visits.
  • Judicial Collection.
What happens if I don’t pay my balance online?
What happens if I don’t pay my balance online?

It’s very easy to order one these days Internet credit. You can do this anytime from your home or office, from your mobile phone or from your computer. In addition, the vast majority of Fintech We do not ask for any guarantees or guarantees to receive credit. In this way that if you are approved, you will receive a wool in your bank account in the form of a credit, and often in just a few minutes.

The speed and simplicity of the process and the physical distance of the institution granting you the loan can simulate that the consequences of non-payment are small or zero. Will the internet portal end up charging me here in my city? It is very common for the debtor to see the digital process and not imply that there is a team of people behind this website – including professional debt collection teams – who are committed to recovering any loans distributed by the platform or fintech.

Some other customers who try to justify their non-payment may find that there is no obligation to pay because they have not signed anything. However, absolutely all platforms require the signing of a contract or digital acceptance, which in Mexico has the same validity as the autograph signature. So it is wrong to hide behind this concept.

Prestadero is one of the first platforms (if not the first) to provide online credit in Mexico. Over the years we have encountered many misconceptions from debtors about their obligation to repay the loan. Not all, but some, minimize the consequences of not making their loan payments online and are surprised to see the dire consequences firsthand.

Therefore, if you are considering requesting a credit online, you will know exactly what the consequences of not paying:

Negative impact on your credit rating


The companies that provide loans over the Internet, as well as any financial institution or bank, report your payment history to credit information companies (e.g. Credit Bureau). So when you stop paying, those arrears (including the amount and days of the arrears) will be reported and reflected in your credit history. Even if you pay later and are up to date, there are indications that you have defaulted on the balance, amount of delay, and days of delay. How does it affect you? If you re-apply for a loan from another institution, they will discover such arrears and almost certainly refuse you the loan or offer it to you on very unfavorable terms (e.g. with high interest rates, mandatory guarantees, etc.).

Pick-up calls and emails

Companies ask for contact information (and sometimes we ask for references). This data is used to find and contact you in the event of a non-payment. Receiving pickup calls on your phone, home, and office is very annoying. or that you receive messages from your references asking you to contact the financial institution to settle your debt. However, if you stop paying, it will be one of the consequences.

Physical visits

Most people who apply for credit online believe that all they need to do is avoid annoying pickup calls. However, companies have their own or external employees who make home visits across the country. Many people are surprised to note that there are people who visit their home or work to request payment, which can be painful for the debtor. In general, companies with efficient communication and willingness to pay avoid sending debt collection agencies home. However, in extreme cases, such visits are made to the debtor.

Judicial Collection

This point is very important as debtors are often unaware of this important consequence. If negative credit history reports, phone calls and emails, and house calls aren’t working for you, online lending platforms can file a lawsuit to claim payment. Of course, this process comes at a cost to the fellows as well, which is why it is viewed as the last option if all other attempts fail.


Judicial recovery essentially consists in obtaining a judgment on the recovery of the loan with the applicant’s property. The fact that a loan is born without guarantees does not mean that they cannot later be presented under a judicial collection. Due to a court ruling, the fellows may request that you bill you for real estate (such as houses), cars, housewares, bank accounts, investment accounts, or even part of your salary.

We fellows know that situations sometimes arise out of the reach of loan applicants. An applicant may stop paying due to lack of employment, health problems, or even natural disasters. However, if the person who granted you the loan believes that there is just a refusal to pay and there is no will to get a good deal on the loan agreement, a lawsuit will be filed to recover the loan.

In summary, the consequences of a loan default are very similar to traditional loans granted in physical form. However, if you make your payments on time, you can rest assured that online lending will open the doors for you, giving you increasing access to cheaper credit, much more conveniently than in branch offices. It is up to you to properly use the technology to access the new financial services that are to come.

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