1. Lending institutions will legally urge borrowers and guarantors to accept loans when they are due. According to the loan contract and guarantee contract (mortgage or pledge contract), the loan bank will bring a lawsuit to the court, and the court will take measures such as property preservation, including freezing the deposits in all bank accounts of the borrower and the loan guarantor and sealing up your pledged property. 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, and related expenses incurred when disposing of pledged property.

2. The credit of borrowers and loan guarantors will be affected, and loans issued in the name of individuals will also be recorded as overdue loans in the national personal credit information consultation system. In serious cases, you may not be able to get loans from all banks in the future, your credit will be blacklisted, your travel may be restricted, you may be prevented from flying and going abroad, and you may not even be able to buy train tickets in the future.

3. If false information or materials are provided when borrowing money, the lending institution may sue the borrower and the loan guarantor for defrauding the loan. If the fraudulent loan situation is true, both the borrower and the loan guarantor may be sentenced for fraud.