Don't repay the loan.
Failing to repay the loan and delaying repayment after the loan expires; Money has not been tight; If you hide in Tibet and don't pay back the money, the applicant will bear certain consequences for these actions!
1. Personal credit information is affected.
Paying default interest is only the first step, after which the applicant's personal credit information will be affected. We all know that we attach great importance to the construction of credit system now, and we are trying to establish credit. Credit information systems in various regions, departments and fields are gradually being implemented, and various disciplinary and incentive measures are constantly being improved and upgraded. Personal credit will play an increasingly important role in our future life.
If the applicant fails to pay the loan, it will leave a credit "stain" on the applicant's personal credit report, and further application for loans and credit cards will be blocked everywhere. In addition, some friends think that it is good to find some small loan companies without credit information, so that others can't find their own credit information. For friends who have this idea, I want to say that this is too natural.
At present, many financial institutions have access to the data of third-party credit reporting companies, and information such as loan data, shopping data and credit card repayment data of applicants on other platforms can be easily retrieved. Once they are on the shared blacklist system of small loan companies, as long as one company refuses to lend, every family will refuse to lend, and it is impossible to borrow again in the future.
Step 2 collect frequently
There are three links in loan collection: SMS, phone call and door-to-door. When you owe money in the early stage, the salesman of the small loan company will kindly remind you that it is time to pay back the money by text message or telephone. However, in the later stage, if the small loan company reminds you many times and urges you to pay back the money, but the applicant is still indifferent, then they may let the relatives and friends of the applicant know that you borrowed money outside and never paid back, which will damage the applicant's reputation.
In addition, some small loan companies will require borrowers to fill in at least a few close contacts, such as the applicant's parents, relatives, friends, colleagues and so on. , and some need the authorization of the applicant to read the mobile phone address book and the communication records of the operator's online business hall. When the applicant fails to pay the money, not only you may be bombarded by telephone, but also the family and friends around the applicant may be harassed, which will seriously disrupt your life and that of your family.
3. Generate penalty interest and liquidated damages.
No matter where the applicant applies for a small loan, he will sign a corresponding loan contract with the borrowing institution. Since he signed the contract, of course, he should act according to the contract and fulfill his repayment obligations. Once the contract expires, if the applicant fails to repay the arrears, the applicant will first encounter a penalty interest, and some institutions will also charge a certain amount of liquidated damages according to the contract. If the applicant still fails to pay back the money, with the passage of time, the applicant's penalty interest will increase, and the pressure on the applicant to pay back the money will increase in the future!
In addition, if the applicant still doesn't pay back the money, the collection staff may come to the door to collect the debt and go to the company where you work, so the applicant's job may be lost, which is not worth the candle!
In addition, if the applicant has a very bad attitude when collecting money, and makes some acts of insulting and beating the collectors and other hooligans, then you will destroy the discussion space with the small loan company and push yourself to a dead end! Therefore, when the arrears are not repaid, the applicant should have a correct attitude and actively negotiate with the microfinance company to solve the problem, which may lead to a grace period.
4. Be sued by the court
After a series of collection activities, if financial institutions find that the collection is always fruitless, they may bring a lawsuit to the court and use legal means to recover the loan. During this period, the applicant may receive a reminder letter and an enforcement document issued by the court. Once the court makes a judgment, even if the applicant is unwilling, the repayment ruling must be executed, otherwise the court will inquire about the applicant's property, or freeze it, or seal it up according to law, or auction it. In short, I can use it.
If the circumstances are serious, you may go to jail.
Generally speaking, things like not paying back money belong to civil disputes. However, if the borrower refuses to carry out the judgment and resolutely refuses to recognize it after the court has issued it, that is another matter. The court will investigate the crime, and if the circumstances are serious, it is likely to go to jail. If things come to this, it will be tragic.
But generally speaking, only malicious arrears can bear criminal responsibility, and generally non-malicious arrears will not involve imprisonment. However, for borrowers, owing money is not only not good for themselves, but also brings trouble to family and friends. It's really not worth it. As a borrower, you should borrow money according to your economic income and repayment ability.