For more than a year in loans overdue, the loan company failed to collect the money, and it may only be collected through court prosecution. Some consequences of being sued by you and me are: mandatory: if you win the loan, part of the borrower's property is likely to be mortgaged and auctioned;

If a lending institution or bank 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.

Personal credit report records negative information such as overdue repayment, which is restricted to high consumption and entry and exit, and may even be punished by judicial custody. Having the ability to refuse to execute a judgment or ruling; Moreover, if the lender has no executable property under its name and refuses to perform the effective judgment of the court, 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. Therefore, when it is really unable to repay, it should negotiate with the lending institution in time to extend the repayment period or the repayment period.

: precautions for loans

1. When applying for the loan amount, we must be moderate and fully consider the financial situation and financial habits of individuals and families. Usually, the monthly repayment amount should not exceed 50% of the total family income. Keep a good credit record. Once the credit record is bad, it will directly affect the operability of the loan and even be rejected by the bank.

2. Provide real personal information to the bank when lending, cultivate a good sense of integrity from the beginning, and never provide false information, otherwise it may be included in the "blacklist" of the bank and rejected by the bank; Notify the bank in time when personal information changes.

3 loan applicants should have a stable source of income, and have the willingness and ability to repay. Office workers should provide proof of unit salary, bank running water and so on. , and the company or self-employed to provide information to explain the operating conditions, provide bank flow, physical assets (such as real estate), financial assets (such as bank certificates of deposit, national debt).

4. When borrowing from a bank, the purpose of the loan should be explained, and relevant supporting materials should be provided, such as purchasing real estate, production and operation turnover, decoration, etc. To apply for a mortgage loan, the house must have three certificates and pay off the loan balance. If it is a house that has been mortgaged in the bank, it can also be used as a secondary mortgage of the house without paying off the final payment.