Generally, when the lender is unable to repay the loan, the bank will negotiate with the borrower to repay the loan in installments and repay the arrears on time. But if the borrower has lost the source of income, the bank can only classify the money as bad debt.

For such bad debts, banks will resell bad assets cheaply. In this case, the subsequent borrower has no debt relationship with the bank, and what remains is the debt relationship between the borrower and the specialized asset management company. Another is that the bank will write off the account directly. Write-off does not mean that the loan does not have to be repaid. It is only to calculate the profit of the statement, and the bank still reserves the right to recover the arrears.