First, judge the truth of the lawyer's letter. After confirming the truth, we should deal with relevant correspondence and telegrams in time. After receiving a letter from a lawyer, the other party will usually file a lawsuit. Generally, loans overdue will receive a lawyer's letter after a long time, but receiving a lawyer's letter does not mean that he has been prosecuted. If loans overdue receives the lawyer's letter from Gitzo Loan, it is suggested to negotiate with Gitzo. If you still refuse to repay, you may be sued, and if you still refuse to repay after prosecution, you may go to jail.
Under normal circumstances, the loan amount is relatively small, and the possibility of being sued is relatively small. Because of the prosecution, the loan company still needs to pay a large sum of money, which is not cost-effective for the company, but it does not mean that it will be fine without prosecution. If the repayment is overdue, the loan company will also have a collector to keep collecting.
The three principles of loan refer to safety, liquidity and efficiency, which are the basic principles of commercial banks' loan operation, as follows:
1, loan security is the primary problem faced by commercial banks;
2. Liquidity refers to the ability to recover the loan within a predetermined period or realize it quickly without loss of land, so as to meet the needs of customers to withdraw deposits at any time;
3. Efficiency is the basis of sustainable operation of banks.
Interest refers to the remuneration paid by the borrower to the lender in order to obtain the right to use the funds, which is the use price of the funds in a certain period (that is, the loan principal). The loan interest can be calculated in detail by the loan interest calculator.
After loans overdue, there will be the following consequences:
1. will generate default interest and liquidated damages. After loans overdue, there will be overdue penalty interest. If the payment is overdue for more than 3 months and the amount exceeds 1 000, Alipay will sue the borrower to the court, not only to pay back the money, but also to bear legal responsibility;
2. Personal credit is damaged. Before Alipay, only some users borrowed money for credit investigation, but the flower garden was not used for credit investigation. After the overdue loan of Huayuan, the Sesame Credit Branch was greatly reduced, which had little impact on personal credit information;
3, affecting personal travel, if personal credit records are blacklisted, such as malicious arrears of bank loans, banks are sued. It will make it impossible for borrowers to fly and stay in star-rated hotels;
4, affecting employment, some companies will conduct employee background checks before joining the company. If they find a bad credit record, they may think that this person has integrity problems and refuse to let him work.
In a word, we can consider peaceful negotiations with each other. If the amount of the dispute is large, it is best to settle it through negotiation.
Legal basis:
Article 675 of the Civil Code of People's Republic of China (PRC)
The borrower shall repay the loan within the agreed time limit. If the term of the loan is not agreed or clearly agreed, and cannot be determined according to the provisions of Article 510 of this Law, the borrower may return it at any time; The lender may urge the borrower to return it within a reasonable period of time.