If you owe a small loan to the online lending platform, you will be "harassed" to doubt your life at most. If you owe a bank loan, the bank will collect it first. If it fails, the bank will send someone to collect it.
Bank overdue treatment method
1, 1 month failure to repay in time-penalty interest
2.1-bank SMS early warning within 3 months
3. After more than 3 months, the bank will call to remind you to call home for collection.
4.6 months later, the bank appealed to the court, and the court summoned the borrower to auction the collateral to pay off the debt.
Then won't you go to jail if you default on the loan?
Under normal circumstances, you will not go to jail until the bank loan is paid off. After the loan expires, the bank will notify the borrower to repay the loan by dunning for a period of time. If the borrower still fails to repay the loan, the bank will send a special person to negotiate and solve it.
Of course, if you cheat during the loan period, that's not necessarily true.
When your mortgage assets are auctioned by the bank, the bank will calculate the cost you need to spend. At auction, the starting price of collateral is the fee they calculate. Such auctions are all black-box operations, and only one person bids, so the price is generally not high, and the price is generally the price calculated by them. Only in a few cases will there be multiple bidders bidding. It is also possible that the collateral with a present value of 50W was auctioned by 20W!
What should I do if I don't repay the loan temporarily and don't want to owe the bank a high penalty interest?
Method 1: Borrow money from friends and relatives around you, and then return it to them when you can turn around, but when you borrow money from others, you must make a good loan.
Method 2: Find a small loan platform to apply for a temporary loan. At present, many small loan companies have small customer groups and low quality, and many small loan companies have launched temporary loan products.
Method 3: If it still doesn't work, take the initiative to negotiate with the bank. See if we can extend it. If approved, according to the relevant regulations: the extension of short-term loans shall not exceed the original loan term; The extension of medium-term loans shall not exceed half of the original loan term; The longest extension of long-term loans shall not exceed 3 years.
360 (rongqian360 tells you that your friend can't get a bank loan, but you must pay attention. If the bank does not repay the loan during the collection period, it will not only impose a penalty interest, but also affect the personal credit record. It is possible that your collateral will be auctioned by the bank, and ultimately it will not be worth the loss.
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