As can be seen from the loan contract of Ant Borrowing, if the borrower fails to repay in full and on time as stipulated in the contract, it has already constituted a breach of contract, then Ant Financial can solve the dispute through legal channels, such as providing the borrower's information to the collection company, law firm, court, arbitration commission and other competent departments.
It can be seen here that if the borrower's information is provided to law firms, courts, arbitration committees and other competent departments, it is basically preparing for prosecution, but it is really unclear how long it will take to sue ants for IOUs.
Guess one: if the overdue amount is large, you may be sued.
The loan amount for ants to borrow is 1 0,000-300,000 yuan. If the overdue amount reaches tens of thousands or more, then the overdue situation will be worse. If the borrower still doesn't repay the loan after the short message reminder and telephone reminder from the staff, Ant Financial will send a dunning letter to the borrower after the account is frozen. At this time, it is basically preparing for prosecution.
Conjecture 2: You may be sued if it is overdue for more than three months.
Generally, if the loan amount is overdue for more than three months, it will basically be judged as malicious overdue, and regardless of the amount, you can sue.
If sued, the court will ask the borrower to pay off the loan in full, and at the same time calculate the overdue penalty interest on a daily basis for products such as Ant Borrowing. It can be said that the pressure to pay off the loan at one time is very great. If it refuses to be executed after being recovered by the court, Ant Financial can request the court to enforce it.
Although it is said that ants are overdue for a few days and a small number of them are overdue, the risk of being sued is small, but overdue will definitely have an impact on credit reporting. I suggest that you don't take advantage of the loopholes in the law, use ants to borrow money in time, and don't take any chances if you haven't been prosecuted for a long time. It is important to pay off the debt as soon as possible. Otherwise, your personal credit record will definitely have a disgraceful overdue record.
Extended data
Excuse me, account closing storm
2065438+20081October 9, 65438+2065438, or due to excessive leverage ratio, in violation of the relevant regulatory provisions of the central bank, actively closed some user accounts and controlled the loan balance.
The operating companies of "Borrowing Bai" and "Flower Bai" under Ant Financial are Chongqing Ant Shangcheng Microfinance Co., Ltd. and Chongqing Ant Microfinance Co., Ltd. respectively, with a registered capital of 3.8 billion yuan. Among them, the registered capital of Ant Small Loan is 65.438+08 billion yuan, and the registered capital of Ant Xiaowei is 2 billion yuan.
However, according to the analysis of Xingye Research Report, two small loan companies under Ant Financial Services conduct off-balance sheet financing through ABS and other means. By the end of June 20 17, the total net capital was 106? 1 100 million yuan, the total loan balance is 265 1 100 million yuan, and the current ABS balance exceeds 2,500 yuan. 1 100 million yuan, the ratio of total financing to capital far exceeds the leverage requirement of Chongqing Banking Regulatory Bureau by 2.3 times.
With the tightening of policies, ABS "big issuer" Ant Financial has also received much attention. 20 17 12 1, the internet finance rectification office issued the notice on standardizing and rectifying the cash loan business. The new regulations are aimed at asset-backed securities (ABS). The behavior of expanding "actual leverage" is clearly defined.
The new regulations require funds to be included in the name of credit asset transfer and asset securitization. It should be combined with on-balance-sheet financing. After the merger, the proportion of total financing to net capital shall be temporarily implemented according to the current local proportion, and all localities shall not further relax or relax the proportion of microfinance companies to funds in disguise.
Baidu Encyclopedia-Excuse me
People's Daily Online-Trouble caused by "high leverage" of ants closing some accounts?