It is natural to pay back debts. If you want to default, you must consider: what are the consequences of the loan? Whether you owe personal loans or bank debts, these cannot be easily escaped. From being urged to being sued or even enforced, the road to debt repayment is not easy. 1. If the loan is not repaid due to penalty interest and liquidated damages, the first thing you encounter is a high penalty interest. Some financial institutions need you to pay a fine on the basis of penalty interest. These expenses add up to a lot of money, but if you don't want to get stuck in the loan quagmire, you should develop good repayment habits. 2. Credit damage If you borrow money from the online lending platform, if you don't repay it within the time limit, your credit report will be tarnished. It will be more difficult to apply for credit cards and loans in the future. It is not worth the loss to miss your own credit wealth because of petty profits. Some people say that the loans I get from online loans will not be included in the credit information of the central bank. Needless to say, the interconnection between online loans and the central bank is now closer. Even in the online lending circle, there is a shared "blacklist" system. If a family doesn't pay back the money, it will be difficult to get approval for other loans. 3. Collect in various ways. Both banks and online loans have their own collection systems. Novices will send you text messages and call you to pay. In some serious cases, there will even be a collection staff pressing you 24 hours a day, which will seriously disrupt your work and life. Ordinary people can't stand this kind of "spiritual oppression". If you are sued, your assets may be sealed up. Maybe you have a strong "anti-pressure" ability and think that the above consequences are all caused by the rain in Mao Mao, then financial institutions will not be polite to you, and they will have to take out the secret weapon of the "court" and arm themselves with the law. Once the court makes a verdict, even if you 100 are reluctant, you must implement the "repayment ruling". Otherwise, the court will seal up the property under your name according to law and repay the arrears with the proceeds from the auction. 5. If the circumstances are serious, you should go to jail. Generally speaking, such incidents as non-repayment of loans are civil disputes and will not rise to the criminal level. However, if the borrower refuses to implement it, he is determined to become a deadbeat, preferring to run away rather than pay back the money. If the circumstances are very bad, the court will also investigate the criminal responsibility of the borrower. If it is too serious, he will go to jail.
Legal objectivity:
Provisions of the Supreme People's Court on Several Issues Concerning the Application of Law in the Trial of Private Lending Cases
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When the lender brings a private lending lawsuit to the people's court, it shall provide debt vouchers such as IOUs, receipts and IOUs that can prove the existence of the legal relationship between lending and borrowing.
If the creditor's rights certificates such as IOUs, receipts and IOUs held by the parties do not specify the creditor, and the parties holding the creditor's rights certificates file a private lending lawsuit, the people's court shall accept it. The defendant raised a factual defense against the plaintiff's creditor qualification, and the people's court ruled that the plaintiff did not have the creditor qualification after examination and dismissed the prosecution.