Credit loan: a loan obtained by means of credit loan. If the applicant obtains a loan through a credit loan, the lending institution cannot reduce the loss by selling the collateral. However, the lending institution will keep urging the payment, which has a great impact on the life and work of the lender. In the end, the borrower can't escape the legal sanctions and needs to repay the loan with the assets in his own name.

Mortgage loan: under the mortgage loan method, the mortgage property will be auctioned, and the proceeds from the auction will be used to repay the remaining principal and interest, attorney fees, legal fees and other expenses. If there is any surplus, it will be returned to the borrower in full. This is an easy process, but it may not be easy to do. At least, it takes three months to realize assets. During this period, the borrower can raise money to win the battle for assets, and the lender can use this money to withdraw the lawsuit. If the circumstances are serious, you will go to jail. Generally speaking, such incidents as non-repayment of loans are civil disputes and will not rise to the criminal level. However, if the borrower refuses to implement it, it will be considered as a deadbeat and would rather run away than pay back the money. If the circumstances are very bad, the borrower will be investigated for criminal responsibility, and if it is too serious, it will go to jail. The borrower's continuous default on the loan will not only affect his personal credit record, but also affect his application for other loans in the future. However, if some loans are not repaid on time, there will be penalty interest. Therefore, before applying for a loan, it is very important to ensure that you have enough repayment ability.