When buying a house, a car or a consumer loan, the money owed to the bank must be justified, and the bank's money cannot be relied on. In most cases, there are only three ways to owe money to banks, either mortgage loans, car loans, credit cards, consumer loans or some credit loans, and the ways and types of arrears are different.

Take mortgage and car loan as examples. Now banks are very strict in reviewing loans in this area. As long as borrowers are overdue, they must go to the credit reporting agency, and this credit reporting agency will exist for more than 5 years. If you say you can't repay the loan on time, the bank will make a dunning first. If you can't make a dunning, the bank will advise the owner and the owner to sell these collateral. Part of the funds sold will be used to repay bank debts, and the rest will be returned to borrowers. Therefore, if this happens, don't negotiate repayment with the bank. Either pay directly, or sell the car to repay the house. People won't give you any chance to delay, but it takes a long process from dunning to transferring money, and then going to the bank to get these collateral back through legal procedures. The general bank will recommend the transfer and sale, and will not conduct an auction.

If it is a consumer loan or a credit card loan, the nature is somewhat different. Now this debt can be transferred, and the subject of debt collection will also change. When we owe money to the bank by credit card or consumer loan, the bank will make a dunning first. In the process of dunning, the borrower can ask for repayment through negotiation, but the problem is that the dunning customer service who answers the phone may not have this right, so they don't agree that it is normal to negotiate repayment. You can show your willingness to repay, but now your financial ability is limited and you can't repay these debts, so you need a buffer period, even though the bank refused your "negotiated repayment".

The money will be paid back eventually. If it is overdue for a long time, the credit report is affirmative, and consumer loans and credit card loans have penalty interest. Subsequent interest may be more and more, and banks are not welfare institutions. If they owe money, they will inevitably go through legal procedures to collect debts, or transfer these debts to third-party institutions.