The policy of credit cooperatives on dormant accounts is to adhere to the principle of seeking truth from facts and strictly follow the policy, approval authority and operating procedures. If the credit union loan is not paid off within a certain period of time, it has been waiting. However, exceeding the limit is a fast knot. The statute of limitations is two years. Bad debts are also called bad debts. Bad debts refer to accounts receivable that the company cannot recover or is unlikely to recover. The loss caused by bad debts is called bad debt loss.

What bad debts?

1. Loans that have been declared bankrupt, cancelled or dissolved by the borrower and the guarantor according to law, and have not been paid off after being paid off according to law.

2. If the borrower dies or is declared missing according to law, and the loan has not been paid off after his death, and there is no heir to bear the debt, it shall be paid off with his property or inheritance.

3. The borrower suffers from major natural disasters or accidents, suffers huge losses and cannot get compensation, and is really unable to repay part or all of the loan; Or the loan that cannot be paid off after insurance compensation or asset liquidation, the guarantor shall bear the economic responsibility.

4. If the borrower is punished according to law for violating the criminal law, and the property to be disposed of is not enough to repay the loan owed, and there are no other debtors, the unrecoverable loan is confirmed.

5, formed before the end of the year can not be implemented to households, the collective economy is really unable to repay the collective agricultural loans.

Consequences of non-repayment of loans:

1. The loan bank will collect the loan according to law. According to the loan contract and guarantee contract (mortgage or pledge contract), the lending bank will sue the court, and the court will take measures such as property preservation, including freezing all bank accounts of the lender and deposits of the guarantor. Internet, Chongqing law firm, seizure of collateral, etc.

2. After the judgment is made, the property will be enforced according to law (deducting the deposit, auctioning the collateral, etc.). ).) Repay the bank's loan losses. Specifically, it includes: loan principal, loan interest, overdue interest, penalty interest, all litigation costs arising therefrom, and related expenses incurred when disposing of mortgaged (pledged) property.

3. Credit will be affected. If the company is a borrower, your company will be recorded in the national bank credit information system, and for overdue loans, loans in personal names will also be recorded in the national personal credit information system.

If the bank loan does not default, the interest on the normal loan can be repaid. It is suggested to apply to the loan bank for extension first, and explain the repayment intention and the fact that the loan cannot be repaid. Temporary repayment and future repayment plans usually, banks will give grace.