You will not be sued for unsecured small loans;

You will face the following four situations if the loan is not repaid:

1. The bank loan officer will Continuously go to the company to call for payment;

2. The loan will be subject to penalty interest;

3. The bank will protect its rights and interests through legal procedures, including the auction of collateral or corporate assets, and the guarantor Recovery of joint and several liabilities;

4. You will not be able to obtain loans from other financial institutions, and there will be bad records in the personal credit system. If you have not paid it back, the record will be kept forever. If you have already paid it back, the bad record will be canceled after five years. If the loan is not repaid, you will be sued. If you cannot find the person being sued, you will find the family members who were sued.

The consequences of not repaying the money borrowed from a small credit company;

1. If you really have no ability to repay, you should negotiate with the credit company to extend the repayment period or repay in installments.

2. If the credit company sues and wins the case in court, but fails to fulfill the court judgment during the performance period, it will apply to the court for enforcement.

3. When accepting compulsory execution, the court will inquire about the properties, vehicles, securities and deposits in the name of the lender in accordance with the law.

4. If the lender has no property available for execution and refuses to fulfill the effective judgment of the court, negative information such as overdue repayment will be recorded in the personal credit report and the person will be restricted from high consumption and entry and exit. , and may even be subject to judicial detention.

5. If you have the ability but refuse to execute, you are suspected of refusing to execute the judgment or ruling. Article 313 of the Criminal Law of the People's Republic of China stipulates that anyone who refuses to execute a judgment or order made by a people's court if he has the ability to do so, and the circumstances are serious, shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention, or a fine.

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