Legal analysis: encountering penalty interest and liquidated damages; Credit is damaged, and the credit report shows that it is included in the list of dishonesty; Collect by SMS, telephone and other ways; Being sued, the assets may be seized; After the court's decision, the borrower refused to implement it, determined to be an old lai, and would rather run away than pay back the money. If the circumstances are very bad, the court will also investigate the criminal responsibility of the borrower.

Legal basis: Article 679 of People's Republic of China (PRC) Civil Law states that a loan contract between natural persons is established when the lender provides the loan. Article 680 usury is prohibited 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 payment method of interest, 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 interest-free.