There is no bankruptcy in the next issue, which is guaranteed by Wangxin Bank and backed by Wuhan Bond Fund. Even if it goes bankrupt, it is necessary to pay back the money. If the loan company goes bankrupt, the court will count the assets and record the people who owe money, unless they are foreign-funded enterprises, because of different laws and regulations, they do not need to pay back. Unfortunately, the company was registered in China by stages, and the company is Xiamen Dian Wei Co., Ltd. registered in China.
Many people will ask, will they not be prosecuted? In fact, the probability of being sued for online loans is very low. This probability can be ignored. The reason is very simple, because the amount owed by online loans is relatively small, and it is not worth suing at all. And if you want to sue the borrower, you must submit a lawsuit application to the court where the borrower's household registration is located. Moreover, the headquarters of online loans are generally in Beishangguang, so suing borrowers is a very time-consuming and labor-intensive thing. Therefore, most online lending platforms are reluctant to go through litigation procedures.
If you don't sue, there are two results left. One is that the credit is overdue. The other is collection. If your arrears are not paid, the credit will always show that it is currently overdue. Next, if you want to apply for any financial products, you will be rejected. Secondly, the online lending platform will entrust a third-party collection company to constantly remind you.
What happens if you don't pay back the money in installments?
If you don't pay back the money in installments, the credit will always show overdue. After a long time, it will become what we call "black households." Credit information has always been overdue, which means that you will be rejected if you want to apply for any credit card or loan in the future. For example, apply for mortgage, car loan and credit loan. Therefore, if you don't pay back the money, credit will always be "black". The second is to collect the company. If you don't pay back the money, the collection staff of the collection company will always contact you, call you and send text messages to urge you to pay back. If you don't return it, the other party will keep calling. However, the frequency of collection will gradually decrease. For example, when it is just overdue, it may be called 10 times a day. It may take 10 days to call you after you are overdue for half a year. But as long as there is no repayment, the collection will always exist. It is no problem to collect money, because you will get used to it after a long time. However, black credit information has a great influence on the future. Therefore, if the amount is not large, it is recommended to repay the loan on time and not overdue.