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What will happen if you can’t repay the loan on Yirendai?

The consequences of not repaying the loan money:

1. If you really have no ability to repay, you should negotiate with the lending institution to extend the repayment period or repay it in installments;

< p>2. If the loan institution fails to fulfill the court's judgment during the performance period after winning the lawsuit in court, it will apply to the court for compulsory execution;

3. When accepting compulsory execution, the court will inquire the lender's name in accordance with the law. Real estate, vehicles, securities and deposits;

4. If the lender does not have property available for enforcement and refuses to fulfill the court's effective judgment, negative information such as overdue repayment will be recorded in the individual's credit report They are also restricted from high consumption and entry and exit, and may even be detained by judicial authorities.