Credit card part
Credit card arrears must be repaid. After all, credit cards are issued directly by banks, and overdue credit cards will directly leave traces in credit information. Moreover, the overdue credit card has a relatively high weight in other financial loan evaluation systems.
Moreover, if the credit card is maliciously overdrawn, once it is suspected of credit card fraud, it is possible to go to jail. Once the principal owed by the credit card exceeds 50,000 yuan (accumulated), and the cardholder still fails to repay after effective collection by the bank, it is suspected of credit card fraud, which may lead to imprisonment!
It should be noted that the so-called 50,000 yuan here does not refer to a credit card, but the accumulated arrears of all credit cards under my name exceed 50,000 yuan.
Normal operation of small loan companies
In the Notice on Strengthening the Construction of P2P Online Credit Information System issued by relevant departments on September 4th, it was clearly pointed out that online loans will be fully connected to the credit information system in the future, which means that the debts you incurred in small loan companies are likely to be recorded in the credit information records. Credit information is like a person's financial identity card. Poor credit reporting is likely to affect your travel, life, consumption, employment and other aspects. Don't lose more than you gain because you owe money.
Moreover, even if the loan company closes down in the future, the overdue information recorded in the credit information will always exist, and there will still be credit stains if it is not settled.
Closed microfinance company
Small loan companies have their own relevant procedures for bankruptcy, and there is also a special liquidation group for the capital part. The overdue loan you are involved in is likely to be collected by three parties. Although the supervision of violent collection has been strengthened now, I believe it will also affect your life and even close people.
In addition, there are many loans borrowed from illegal platforms or illegal fund-raising, but after all, they are a few. No, there will be no problems. It depends on your luck.
In short, I suggest that if you have the ability, you must repay on time! Don't bet your future on this little money.