Credit information is damaged, sued, and assets may be seized. Financial institutions will also arm themselves with laws. If you don't pay the arrears, you will be prosecuted if the amount is relatively large. Once the court has pronounced the sentence, the Repayment Decision must be executed, otherwise the court will seal up the property under your name according to law and repay the arrears with the proceeds from the auction.

A, loans overdue's solution

1, prepayment

Although lending institutions began to deal with bad debts of loans overdue for 90 days, lenders can still repay the arrears and avoid being sued in court and hurting their reputation.

2. Actively negotiate with lending institutions.

Lenders should actively cooperate with lending institutions to negotiate repayment, and cannot evade repayment. General lending institutions will be willing to negotiate with lenders on overdue repayment methods, such as exempting a part of default interest or allowing lenders to repay by installments.

3. Keep a good credit record.

Lenders should maintain a good credit record after repaying the arrears, and the bad record will be automatically eliminated after five years. Most loans only refer to the credit record within two years except mortgage.

Second, the consequences of different credit card overdue time

1, the credit card is overdue for 3 days.

It doesn't matter much if the credit card is overdue for three days, because first of all, many banks will provide time tolerance services and provide credit card holders with a grace period for repayment, which is basically about three days.

If you are still within the grace period of repayment after 3 days overdue, you will not receive credit information or interest after you pay back the money; If the repayment grace period is exceeded, because the overdue time is short, the impact is basically to pay some penalty interest.

The credit card has expired for 30 days.

If the credit card is overdue for 30 days, the impact will be more serious. Many banks will report their credit information after 30 days overdue. Of course, some banks will report their credit information one month after the deadline. The impact of 30 days overdue on personal credit is considerable. And you need to pay a penalty interest of 30 days.

The credit card has expired for 90 days.

If the credit card is overdue for 90 days, the bank can sue the cardholder. If it is overdue for 90 days, it will definitely collect credit, which will have a very bad impact on credit. It will be blacklisted not only by the bank, but also by the court.