Zhaolian Consumer Finance is a formal credit platform established by China Merchants Bank and China Unicom, and the loans provided are legal and formal products. If loans overdue has been in China for more than one year, and the amount involved is large, and the borrower has no willingness to repay, the platform has the right to sue the debtor in court, depending on whether the consumers of Zhaolian sue the debtor.

As long as the loan interest of Zhaolian Finance is not usury, then the court will generally support the borrower to repay the principal and interest. If the loan is refused, it can be enforced. If the loan has not been repaid and it is suspected of malicious fraud, it can be included. List of people who have broken their promises and even been sentenced. This is what users are most concerned about, because many people who owe money in consumer finance companies such as China Merchants United Finance have received phone calls or SMS notifications. If you can't repay the loan in time, the collection is still pending and you will be sued for fraudulent loans.

After the creditor's lawsuit, if the litigation facts do exist and the evidence of the other party is true and sufficient, it is suggested to mediate with the other party and negotiate with the other party to consider whether it is possible to pay less or give a grace period for repayment. In order to avoid the risk of losing the case, extra expenses such as legal fees need to be paid. If the facts claimed by the other party are untrue and the evidence is untrue and legal, and both parties cannot mediate, the debtor can only collect evidence and actively respond to the lawsuit.

First of all, if the loan interest rate signed with Zhaolian Finance is legal and does not exceed the standard stipulated by law, then within the scope of law, it should bear the obligation to repay and pay the fine. It can take the form of prosecution. If the interest rate and late payment fee exceed the legal limit, the excess does not need to be repaid. Even if you are sued, you can collect relevant evidence to prove that it is illegal.

The essence of repayment in loans overdue is liquidated damages. When signing the loan contract, both parties agreed that users must read the corresponding terms carefully before applying for a loan. Unreasonable loans can be exempted. Once agreed, Zhaolian Finance has the right to require the user to pay the late payment fee according to the contract if the repayment is not made.