1.
2. What to do if you can’t repay your personal loan
When you can’t repay your personal loan, you should do this in time:
1. Apply for extension:
Before the repayment period, if the economy is temporarily unable to turn around, you can promptly submit an application for extension of repayment to a bank or other financial institution. After approval,
< p>2. Change the repayment method:If you previously chose one-time repayment, you can apply for installment repayment. If you can't repay the installments, you can also apply for repayment.
3. Borrow money to repay:
If you want to pay off the debt in time, you can negotiate with relatives and friends and let them Set aside some of the money to help you repay the loan.
4. Short-term bridge:
If you do not borrow money, you can apply to a guarantee or mortgage company
5. Repay a loan with a loan:
If you cannot borrow money, you can also temporarily borrow money from other online small loans that do not check credit information, otherwise the compound interest will be higher.
3. What to do if you can’t repay the personal loan
It’s very simple, sell the house! If you don’t want to sell, you can rent it out, which will ease the pressure of paying for the property! The consequence of not repaying the loan is that you will receive a letter from the bank in three months, saying that you did not comply with the contract and that you failed to repay the loan. When you receive the letter and fail to repay the loan, you will be By forcibly auctioning your property, the money obtained through the auction can be used to repay what you owe him. If the auction bank deducts his own money and still has more, he will return it to you, but the chance is very small! Good luck!