Not necessarily true. Verification is required to avoid being deceived. Anyone who uses mobile phone text messages to notify you is basically fake. First of all, if it is a court notice, you will be asked directly to go to the court in the jurisdiction to collect materials to respond to the lawsuit; secondly, credit cards usually involve criminal offenses and will be handled by the public security organs, and you will not be notified when the case is filed.

1. What is a loan overdue

A loan overdue usually means that after the loan expires, the borrower fails to apply for the loan to the bank that issued the loan according to the loan time limit stipulated in the loan contract without going through the relevant extension or re-loan procedures. The loan principal and interest are repaid, causing the loan to exceed the agreed period.

2. The consequences of not repaying the loan when it is due are:

1. First of all, if the loan is not repaid, it will produce a bad credit record, which will affect other credit business in the future.

At present, most lending institutions have been connected to the credit reporting system of the People's Bank of China. Overdue borrowers will be uploaded to the central bank's credit reporting system soon, that is, the fastest the next day after the overdue payment occurs. , the borrower information will appear in the internal systems of all banks at the same time.

After overdue, bad records will inevitably be left on the credit report. Once records are left, they will be retained for 5 years. If you want to borrow money from the bank or apply for a credit card in the future, you may be in trouble due to bad credit. It is difficult to apply.

Penalty interest is only a monetary loss, but a bad credit record is a loss of intangible assets, causing an impact that money cannot make up for.

2. The lending institution will charge overdue penalty interest and liquidated damages. The longer the overdue period, the more the amount to be paid. Generally, liquidated damages are between 1-3%. According to relevant regulations, the penalty interest rate for overdue loans (loans where the borrower fails to repay on the date stipulated in the contract) is changed to an additional 30% on the loan interest rate stated in the loan contract. %-50%; for overdue loans, interest will be charged based on the penalty interest rate from the overdue date until the principal and interest are paid off; for interest that cannot be paid on time, compound interest will be charged based on the penalty interest rate, and this is generally for bank loans , if it is a small loan company, many of them calculate penalty interest on a daily basis, usually ranging from 20,000 to 50,000 per day.

3. If the overdue period is long and the amount is large, you may be sued by the lending institution. If you still fail to repay after the court's judgment, you will be included in the "list of dishonest persons subject to execution" and will not be able to take high-speed rail or airplanes.

4. Impact on personal family and life

For overdue loans, lending institutions have a complete collection system, which is not just a single phone notification. Once the borrower is overdue for a certain period, , including but not limited to telephone collections, issuance of collection notices, door-to-door collections, prosecutions, etc., will follow one after another. Moreover, the lending institution will not only collect the debt from the borrower himself, but may also contact the borrower's relatives and friends. This will affect Not only the borrower himself, but also his family, relatives and friends will be affected.

5. Release personal information and apply for court proceedings

If the overdue information is continuously overdue for more than 90 days and the circumstances are serious, the bank will publish the overdue information such as personal name, ID number, etc. in the media, or Inform the workplace. The bank will call for the due loan in accordance with the law, and will file a lawsuit with the court in accordance with the loan contract and the guarantee contract (mortgage or pledge contract). The court will take measures such as property preservation, including freezing all bank accounts of the lender and loan guarantor. deposits, seized properties that have been pledged, etc.

After the judgment is made, the property will be enforced in accordance with the law (withholding deposits, auctioning mortgages, etc.) to repay the bank's loan losses, specifically including: loan principal, loan interest, overdue interest and penalty interest, As well as all resulting litigation costs, related costs incurred when disposing of mortgage (pledge) properties and realizing them, etc.