Hello, you should be doing a credit loan! If you take out a credit loan and don't repay it, it will affect your credit information. If you borrow it later, it will be difficult to get a loan. If you make a loan with collateral and can't repay it in time, the institution will auction your collateral.

Article 313 of the Criminal Law Crime of refusing to execute a judgment or written order Whoever refuses to execute a judgment or written order, if the circumstances are serious, shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or fine.

What happens if you borrow money from a microfinance company?

If it is really unable to repay, it shall negotiate with the credit company to extend the repayment period or repay it in installments.

If the credit company fails to perform the court's judgment within the performance period after suing the court and winning the case, it will apply to the court for enforcement.

When the court accepts enforcement, it will inquire about the real estate, vehicles, securities and deposits under the name of the lender according to law.

If the lender has no executable property under his name, refuses to perform the effective judgment of the court, and the negative information such as overdue repayment will be recorded in the personal credit report, and will be restricted from high consumption and entry and exit, and may even be punished by judicial custody.

Those who have the ability to refuse to execute are suspected of refusing to execute the judgment or ruling.