Although the policy of each lending institution is different, if the credit is loans overdue, the lending institution will first collect the loan to remind the borrower to repay, and the interest rate will rise as a daily penalty.
2. Have a bad credit record, which will affect future loans and credit card processing.
Every day after you are overdue, your name will appear in the internal system of the bank at the same time, and then the president and risk control will see it. After the deadline, the credit report will inevitably leave a bad record. Once left, it may be kept for 3 to 7 years.
3. You can't enjoy preferential loans or even apply for loans.
In addition to the penalty interest of overdue mortgage repayment, it may not be possible to obtain the preferential interest rate of bank mortgage smoothly. What's more, it is impossible to apply for a mortgage.
4. Close the blacklist, children can't go to key schools.
For some "Lao Lai" who deliberately delay bank debts, they will be blacklisted. So that you can't fly, high-speed rail, accommodation, etc. ; More seriously, children will not be able to go to key schools.
5. Affect personal career.
For students who have been studying in loans overdue for more than 90 consecutive days and the circumstances are serious, the bank or school will publish the ID number and overdue information in the media, or notify the work unit. Banks will sue those who owe money maliciously or intentionally.
6. The bank sent a lawyer's letter to the court for prosecution.
If you don't pay the bill for more than 3 months, it will be very serious! The loan bank will collect the loan according to law, and will bring a lawsuit to the court according to the loan contract and guarantee contract (mortgage or pledge contract), and the court will take measures such as property preservation.
7. After the judgment comes down, it will be enforced.
After the judgment is made, the property will be enforced according to law (deducting deposits, auctioning collateral, etc.). ) to repay the bank's loan losses. Specifically, it includes: loan principal, loan interest, overdue interest, penalty interest and all litigation costs arising therefrom.
8. Those with serious circumstances will be punished by law.
If you have the ability to refuse to implement the effective legal documents, you will be punished by law.
petty loan
Microfinance is a comprehensive consumer loan with individuals or enterprises as the core. The loan amount is generally more than 1 1,000 yuan and less than 200,000 yuan. The treatment process generally needs to be guaranteed. Microfinance is an extension of microfinance in technology and practical application. Microfinance in China: It mainly serves agriculture, rural areas and small and medium-sized enterprises. The establishment of small loan companies has rationally pooled some private funds, standardized the private lending market, and effectively solved the financing difficulties of agriculture, rural areas and small and medium-sized enterprises. At present, there are also personal micro-loans for office workers, generally ranging from 1 1,000-5,000 yuan. Most of them don't need mortgage, but the credit and information review is strict.