I. Consumer Finance Will loans overdue go to jail if he is prosecuted?
For consumer finance, non-repayment of overdue loans will be prosecuted, which usually does not lead to imprisonment, because:
1, imprisonment is basically caused by criminal offences. Failure to prosecute loan arrears belongs to the category of civil disputes and does not involve criminal offences. Naturally, imprisonment will not be sentenced. After being sued by consumer finance to the court, the borrower only needs to repay the arrears in time according to the judgment of the court. Of course, if the court still refuses to repay the loan after the judgment, the court may enforce it at that time, and those with serious circumstances may be included in the list of untrustworthy people.
2. If it constitutes a crime of loan fraud, it may lead to imprisonment. If the amount of fraud is relatively large, he shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also be fined not less than 20,000 yuan but not more than 200,000 yuan; If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than ten years, and shall also be fined not less than 50,000 but not more than 500,000; If the amount is especially huge or there are other especially serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 10 years or life imprisonment, and shall also be fined not less than 50,000 but not more than 500,000, or his property shall be confiscated.
Second, what will happen if the online loan is overdue?
1, telephone and door-to-door reminder
Generally speaking, if the final repayment date is more than three days, the lending institution still fails to wait until the repayment amount appears, and will call the borrower for information. Of course, borrowers can also take this opportunity to tell the truth and play a sympathy card for the grace period of repayment. However, if the arrears are delayed again and again, the lending institutions will no longer have hope. Only when they are disappointed, the next action is likely to be door-to-door collection.
2. Bring a lawsuit to the court
If the collection fails, the lending institution will take out legal weapons to safeguard its rights and interests. Under the way of mortgage loan, the court will advocate the auction of collateral, and the proceeds from the auction will be used to repay the remaining principal and interest, attorney fees, legal fees and other expenses in priority. If there is any surplus, it will be returned to the borrower in full. This is an easy process, but it may not be easy to do. It will take at least three months to cash in the assets. During this period, the borrower can raise funds to win the battle for assets, and use the funds to withdraw the lawsuit from the lending institution. With the convergence of credit loans, borrowers still cannot escape legal sanctions and need to repay loans with assets in their own names.
3. Personal credit is damaged.
Once a borrower has a loan transaction with a bank, all repayment behaviors will be recorded by the central bank's credit information system and truthfully reflected in the credit information report.
Borrowing money online is to use the Internet to establish a trading relationship online, which naturally belongs to the category of Internet finance. What should I do if the small online loan is overdue? Generally speaking, if the final repayment date is more than three days, the lending institution still fails to wait until the repayment amount appears, and will call the borrower for information. Of course, borrowers can also take this opportunity to tell the truth and play a sympathy card for the grace period of repayment.
You can negotiate first and then try to repay. If it is an online loan, you can't escape, otherwise you will go to jail. Never touch usury, you really need to contact and keep all kinds of audio-visual evidence. Generally, the company will call for payment, followed by litigation, and you can ask a lawyer to safeguard your rights and interests. You should think carefully before applying for a loan. Once the interest is rolled, it is difficult for people with insufficient financial resources to pay it off.
This is what I sorted out. Consumer Finance loans overdue has been sued and will not go to jail. Prison is basically caused by criminal offences. Non-prosecution of loan arrears belongs to the category of civil disputes and does not involve criminal offences, so naturally it will not be sentenced to prison. If it constitutes a crime of loan fraud, it may lead to imprisonment.