If you do not repay the loan, the credit union will definitely sue, and the court will auction your property to repay the loan.

Bad credit only records your information. The guarantor will not have a bad record, and the guarantor will usually not be sued or have property auctioned.

The credit union will not sue you right away. Usually, you negotiate to resolve the matter. If possible, you can go through a refinancing procedure.

An example of refinancing: you borrow 100,000 yuan, and all the interest has been paid. Now that the loan is due, I have to scrape together the money to repay the loan and then lend it out the next day. The refinancing is just like a loan of 90,000 yuan or 9.50,000 yuan. This extended the loan for another year.