With the increasing number of online loan products, many people are used to borrowing money online. Some people borrowed money for a period of time to repay the crematorium, and did not plan their own funds, and they could not pay back the money by the repayment date. What are the consequences of failing to repay Yin Bei's consumer loans? Can it be delayed forever without repayment? Let's get to know each other.

What are the consequences of failing to repay Yin Bei's consumer loans?

1, credit information becomes worse.

Yin Bei Consumer Finance Company is a licensed consumer finance company. All loan products applying for consumer finance in Yin Bei need to be checked for credit information, and loan repayment will also be checked for credit information.

If the consumer loan in Yin Bei is not repaid, the overdue bad credit record will remain in the credit information. As long as the overdue loan is not settled, the overdue record will be kept and automatically eliminated five years after settlement.

If you want to apply for other credit loans, you will be directly rejected if you have overdue records in the past two years, and you will also be rejected if you apply for mortgage or car loan. If you have outstanding overdue loans in the credit report, you will also be refused a visa.

As a person who breaks his promise, high consumption is limited.

If the amount of consumer loans in Yin Bei is large and overdue for a long time, such as more than half a year, Yin Bei Consumer Finance will bring a lawsuit to the court. After winning the case, if the borrower fails to perform the court judgment during the performance period, Yin Bei can apply to the court for compulsory execution, investigate and deal with the assets under the borrower's name according to law, and use them to pay off debts. If there is no property available for execution, the borrower will be classified as a malicious executor.

To be a person who breaks his promise, you can't go to high-consumption places, such as star-rated hotels and golf clubs, and you can't fly or take high-speed trains like normal people. Children can't go to expensive private schools, let alone apply for loans or credit cards. There is absolutely no chance.

The consequences of not being able to repay Yin Bei's consumer loans are even more serious. Now the credit services provided by various e-commerce platforms also need to query credit information. If the credit is not good and the daily life is not so convenient, we should deal with it in time after loans overdue.