Auction collateral or a good repayment guarantor. If there is collateral or guarantor when applying for a loan, you can sell assets to recover the funds. If the enterprise owes money to repay the loan, but there is a broad market space, the bank will provide liquidity for the enterprise, so that the enterprise can continue to open its business and repay the loan slowly by borrowing the new and returning the old.

If the situation in loans overdue is serious, for example, the overdue time exceeds 180 days, or the overdue loan exceeds three years, it will be regarded as the bad debt of the bank, and the bank has not recovered its losses after enforcement. This bad credit record will last forever and will not disappear no matter how many years.

Extended data:

Precautions:

1. Don't use the provident fund before applying for a loan: If the borrower withdraws the balance of the provident fund to pay the house payment before the loan, the balance of the provident fund in your provident fund account will be zero, so your provident fund loan amount will be zero, which means that you will not apply for a provident fund loan.

2. Do not prepay in the first year: According to the relevant provisions of provident fund loans, you should prepay in part after one year of repayment, and the amount you return should exceed the repayment amount of six months. You need to pay a certain penalty for prepayment, so you should choose carefully.

3. When the repayment ability drops within the loan period and it is difficult to repay the loan, don't fight for it. Customers can apply to the bank to extend the loan period. After investigation by the bank, the situation is true, and there is no breach of contract to repay the principal and interest of the loan. Usually, the bank will accept your application for extending the loan term.

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