Legally speaking, according to the principle of relativity of contract, loan is a legal relationship between financial institutions and borrowers, and will not involve family members. But in reality, once the loan is not repaid, it will affect family and friends more or less. Specifically: 1. If the loan is not paid off, the financial institution will definitely arrange staff to collect the loan. Generally speaking, telephone, SMS, door-to-door collection and other methods are inevitable. Some lending institutions will call the borrower's family and friends when the borrower's loan is not repaid. In this way, the normal work and life of family and friends will be affected. 3. If the financial institution takes the borrower to court, the court will probably put everyone on the list of untrustworthy people. 4. The credit information of husband and wife influences each other. If one party fails to repay the loan, it will be very difficult for the other party to apply for mortgage loan, auto loan and business loan in the future. After loans overdue, he should actively communicate with financial institutions about repayment plans and other related matters. Of course, if he encounters illegal acts such as malicious collection, he should also protect his personal safety and call the police in time.

Will the inability to repay the loan affect your family?

Under normal circumstances, loans will not directly affect families, but may indirectly affect families.

1. If everyone can't repay the loan, the financial institution will definitely arrange staff to collect the loan. Generally speaking, telephone, SMS, door-to-door collection and other methods are inevitable. In the process of financial institutions collecting loans, the normal life of everyone and their families will inevitably be disturbed.

Some lending institutions will call the borrower's family and friends when the borrower's loan is not repaid. In this way, the normal work and life of family and friends will be affected.

3. If the financial institution takes the borrower to court, then the court will probably put everyone on the list of untrustworthy people. Children are not allowed to go to charge schools.

4. Under extremely special circumstances, physical conflicts may break out between the two parties in the process of urging loans, and the personal safety of family members is likely to be threatened. Once a family member is injured, the consequences will be very serious.

5. The credit information of husband and wife influences each other. If one party fails to repay the loan, it will be very difficult for the other party to apply for mortgage loan, auto loan and business loan in the future.

Legal basis:

People's Republic of China (PRC) Civil Code

Article 671 Where the lender fails to provide the loan on the agreed date and amount, thereby causing losses to the borrower, it shall compensate for the losses. If the borrower fails to collect the loan according to the agreed date and amount, it shall pay interest according to the agreed date and amount.

Article 676 If the borrower fails to repay the loan within the agreed time limit, it shall pay the overdue interest in accordance with the agreement or the relevant provisions of the state.

Article 680 It is forbidden to lend at high interest, and the loan interest rate shall not violate the relevant provisions of the state. If there is no agreement on the payment of interest in the loan contract, it shall be deemed that there is no interest. If the loan contract does not specify the method of interest payment, and the parties cannot reach a supplementary agreement, the interest shall be determined according to the local or the parties' trading methods, trading habits, market interest rates and other factors; Loans between natural persons are regarded as having no interest.

Won't the loan bring trouble to the family?

Under normal circumstances, the failure to repay the loan has nothing to do with the family, but it may affect the life of the family.

1. If everyone can't repay the loan, the financial institution will definitely arrange staff to collect the loan. Generally speaking, telephone, SMS, door-to-door collection and other methods are inevitable. In the process of financial institutions collecting loans, the normal life of everyone and their families will inevitably be disturbed.

Some lending institutions will call the borrower's family and friends when the borrower's loan is not repaid. In this way, the normal work and life of family and friends will be affected. In addition, people who owe money and don't pay it back will also make their families lose face.

3. If the financial institution brings the borrower to court, then the court will probably put everyone on the list of untrustworthy people. Once everyone becomes the "Lao Lai" that everyone shouts, then the family will be dragged into trouble, because the children of "Lao Lai" can't go to high-fee schools.

Extended data

First of all, if it is overdue, it will affect your credit information according to the length of time. If it is seriously overdue (more than 90 days), the credit investigation is a black account, and you can't apply for any loan business before paying it off. Secondly, it will cause additional expenses such as liquidated damages and overdue interest. Long-term overdue is nothing new, and the final interest is greater than the principal. Please be careful.

What are the consequences of 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 by installments.

2. If the lending institution 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.

3. When accepting enforcement, the court will inquire about the real estate, vehicles, securities and deposits in the name of the lender according to law.

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