If you can find a way to repay, you can go to other institutions to use assets as collateral or do credit. First, you should turn around. If you don't repay, it will be overdue, which will affect your reputation and will also enter the blacklist of untrustworthy people, with serious consequences.

I borrowed 50,000 yuan from rural credit cooperatives. I only have 20 thousand yuan in my hand. What if I can't finish reading it when it expires?

According to the regulations of the People's Bank of China, you can extend the period or borrow the new and return the old, which means you only pay interest. But choosing this method shows that your personal financial situation has deteriorated and your business has problems.

According to the five-level classification of loans, your loans are at least of concern and will generally be classified as subprime loans, that is, non-performing loans. Once this happens, your credit information system will have a bad record. First of all, the credit society blocks such customers, and other banks will reject your loan application if they find such records in the credit information system of the People's Bank of China.

The most practical way is to return first and then apply. In fact, the effect is the same, but the nature is completely different.

3. What should I do if the credit union loan is not repaid when it expires?

It is suggested that the borrower take the initiative to contact the rural credit cooperatives for consultation and apply to the rural credit cooperatives for extension or installment return. Borrowers can also try to borrow money from relatives and friends. Write an IOU and promise to pay back the money within a certain period of time, then return the borrowed money to the borrower first, and then pay back the money to relatives and friends when the funds are sufficient. In the case of desperation, you can repay the loan a few days later, but don't pay it back. Otherwise, personal credit will be greatly damaged. RuralCreditCooperatives (rural credit cooperatives in English, rural credit cooperatives in Chinese) refers to the rural cooperative financial institutions established with the approval of the People's Bank of China, which are composed of members' shares, implement democratic management, and mainly provide financial services for members. Rural credit cooperatives are independent enterprise legal persons, which are responsible for the debts of rural credit cooperatives with all their assets and enjoy civil rights according to law. Its property, legitimate rights and interests and business activities carried out according to law are protected by state laws. Its main task is to raise idle funds in rural areas and provide financial services for agriculture, farmers and rural economic development. In accordance with the provisions of national laws and financial policies, organize and standardize rural funds, support agricultural production and comprehensive rural development, support various forms of cooperative economy and family economy, and restrict and crack down. Rural credit cooperatives are divided into the following departments: Rural Credit Cooperatives, International Finance Department of Rural Credit Cooperatives, Zhengtong Rural Credit Cooperatives Training School and Credit Department of Rural Credit Cooperatives, which are under the dual leadership of CBRC and the State Council. Rural credit cooperatives are banking financial institutions. The so-called banking financial institutions are also called deposit institutions and deposit currency banks. Their common feature is that deposits are the main liabilities, loans are the main assets, and transfer settlement is the main intermediary business, which directly participates in the creation process of deposit currency. Rural credit cooperatives are also credit cooperative institutions. The so-called credit cooperative institutions are cooperative financial institutions whose main purpose is mutual assistance, referred to as "credit cooperatives", which carry out deposit and loan business among members for the purpose of mutual assistance and self-help. The establishment of credit cooperatives is directly related to the development of natural economy and small commodity economy. Due to the seasonal, decentralized and small-scale characteristics of agricultural producers and small commodity producers, it is difficult for small producers and farmers to get the support of bank loans, but objectively, the development of production and circulation must solve the difficulty of insufficient funds, so this kind of mutual aid self-help credit organization established by means of capital contribution and deposit has emerged. Rural credit cooperatives are cooperative financial organizations composed of farmers' shares, which are democratically managed by shareholders and mainly serve them. They are legal financial institutions approved by the People's Bank of China. Rural credit cooperatives are an important part of China's financial system. Their main task is to raise idle funds in rural areas and provide financial services for agriculture, farmers and rural economic development. At the same time, organize and adjust rural funds, support agricultural production and comprehensive rural development, support various forms of cooperative economy and family economy, and limit and crack down.

4. What should I do if the loan of the credit union is repaid at maturity?

If the loan of the rural credit cooperatives has not expired, you must actively communicate with the rural credit cooperatives and don't escape, and see if you can apply for installment repayment. If the payment is not made directly within the time limit, it will be reported to the credit information system, and it is also possible.

You can apply to the rural credit cooperatives for loan extension and extend the repayment period.