First, we need to know that the main reason for bad credit is that the borrower applied for a loan from the bank but failed to repay it. Whether it is a loan to buy a house, a loan to buy a car, or a credit loan, as long as the loan is If a person fails to repay his debt for a long time and the bank still refuses to pay back the debt, he will be blacklisted by the bank and will not be granted a loan. According to the experience of relevant people, it is definitely false that there is no need to repay the loan. If you do not repay the loan, you will need to bear legal responsibility. Below, a detailed introduction to the relevant knowledge about the crime of loan fraud: According to the crime of loan fraud (Article 193 of the Criminal Law), if it is for the purpose of illegal possession, fabricating false reasons for introducing funds, projects, etc., using false economic contracts, and using false certification documents Loan fraud is a type of financial crime that uses false property rights certificates as guarantees, double guarantees exceeding the value of the collateral, or other methods to defraud banks or other financial institutions for loans of larger amounts. The crime of fraudulently obtaining loans is a new crime in the "Criminal Law Amendment (6)" and one of the various crimes stipulated in Article 175 of the Criminal Law. "Whoever obtains loans, bill acceptances, letters of credit, letters of guarantee, etc. from banks or other financial institutions by deceptive means, causing heavy losses to banks or other financial institutions or other serious circumstances, shall be sentenced to fixed-term imprisonment of not more than three years or criminal detention, and shall also or solely be sentenced to Anyone who causes particularly heavy losses to banks or other financial institutions or has other particularly serious circumstances shall be sentenced to fixed-term imprisonment of not less than three years but not more than seven years and shall also be fined. "So, the consequences of non-repayment of loans are very serious. This kind of news about loans that don’t need to be repaid should be listened to, but don’t take it seriously.