After repayment, the other party can recover from the other party. What will happen to the loan money: 1. If it is really unable to repay, it shall negotiate with the lending institution to extend the repayment period or repay it in installments. 2. If the lender fails to perform the judgment within the performance period after winning the case, it will apply for enforcement. 3. When compulsory execution is accepted, the lender's property, vehicles, securities and deposits will be inquired according to law. 4. If the lender has no property to enforce, refuses to perform the effective judgment, overdue repayment and other negative information 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.
Second, lend money to others, what if others don't pay it back?
When others fail to repay for others, when the actual borrower fails to repay, the borrower will take it back, so that the nominal borrower can ask the lender to take it back from the actual debtor after repayment.
Generally, you apply for property preservation before litigation, and then seal up property such as real estate and vehicles. Moreover, the nominal borrower, that is, you, will not only suffer property losses, but also affect the credit history. Once the bank credit is affected, it will be affected if you want to find a bank loan to buy a house and a car in the future.
The Guarantee Law of People's Republic of China (PRC) stipulates that when the debtor fails to perform the debt, the guarantor shall perform the debt or assume the responsibility as agreed.
Third, what should I do if I guarantee a loan to others and others can't afford it?
1. What if the loan cannot be guaranteed by others? 1. If the loan is guaranteed by others and others do not pay it back, the creditor may claim compensation from the debtor through litigation first. When the debtor's property is still insufficient after execution, the guarantor shall bear the responsibility for repayment. If it is a joint guarantee, the debtor will repay the debt without repaying the guarantor. 2. Legal basis: Article 420th of the Civil Code of People's Republic of China (PRC) guarantees the performance of debts. If the debtor or a third party provides the secured property for the creditor's rights that will occur continuously within a certain period of time, and the debtor fails to perform the due debt or realize the mortgage right according to the agreement of the parties, the mortgagee has the right to be paid in priority for the secured property within the maximum amount of creditor's rights. The creditor's rights before the establishment of the maximum mortgage may be transferred to the creditor's rights secured by the maximum mortgage with the consent of the parties. Second, what should I do as a guarantor to guarantee loans to others? If I am a creditor, I will decide how to defend according to the specific case, mainly considering whether the guarantee is valid, whether the guarantee responsibility has expired, whether I should bear the guarantee responsibility and how to bear the guarantee responsibility. Guarantee liability is divided into general guarantee liability and joint and several guarantee liability. If a party assumes the general guarantee responsibility, it may claim the right of defense, and the creditor needs to claim the creditor's right from the debtor first. If it is joint and several liability, if the debtor fails to perform the debt at maturity, the guarantor needs to bear the liability of guarantee.