When banks collect loans, they basically call the lenders first to urge them to repay. If the lender fails to repay the loan, it will take legal proceedings to sue the lender, demand repayment and apply for enforcement.

Don't repay the loan.

Failing to repay the loan and delaying repayment after the loan expires; Money has not been tight; Hiding in Tibet, the applicant will bear certain consequences for these behaviors!

1. Personal credit information is affected.

Penalty interest for owing money is only the first step, after which the applicant's personal credit will be affected. We all know that we attach great importance to the construction of credit system and are making great efforts to build credit. Credit information systems in various regions, departments and fields are gradually being implemented, and various disciplinary and incentive measures are constantly being improved and upgraded. Personal credit will play an increasingly important role in our future life.

If the applicant fails to repay the loan, it will leave a credit "stain" on the applicant's personal credit report, and further application for loans and credit cards will be blocked everywhere. In addition, some friends think it is good to find some small loan companies without credit information, so that others can't find their own credit information. For friends who have this idea, I want to say that it is natural.

At present, many financial institutions have access to the data of third-party credit reporting companies, and the applicant's loan data, shopping data, credit card repayment data and other information on other platforms can be easily retrieved. Once on the shared "blacklist" system of small loan companies, as long as one company refuses to lend, everyone will refuse to lend, and it is impossible to borrow again in the future.

Step 2 collect frequently

There are three parts in loan collection: SMS, telephone and door-to-door. When you owe money in the early stage, the salesman of the small loan company will kindly remind you by text message or phone that it is time to pay back the money. However, in the later stage, if the small loan company repeatedly reminds you and urges you to pay back the money, and the applicant is still indifferent, then they may take the form of mass text messages to let the relatives and friends of the applicant know that you borrowed money outside and never paid it back, which will damage the applicant's reputation.

In addition, some small loan companies will require borrowers to fill in at least a few close contacts when filling in loan information, such as the applicant's parents, relatives, friends and colleagues. Some need the authorization of the applicant to read the mobile phone address book and the communication records of the operator's online business hall. When the applicant fails to pay the money, not only you may be bombarded by telephone, but also the family and friends around the applicant may be harassed, which will seriously disrupt your life and that of your family.

3. Generate penalty interest and liquidated damages.

No matter where the applicant applies for a small loan, he will sign a corresponding loan contract with the borrowing institution. Since he signed the contract, of course, he should act according to the contract and fulfill his repayment obligations. Once the contract expires and the applicant fails to repay the arrears, the first thing the applicant encounters is the penalty interest, and some institutions will also charge a certain amount of liquidated damages according to the contract. If the applicant still doesn't pay back the money, with the passage of time, the applicant's penalty interest will increase, and the pressure on the applicant to pay back the money will increase in the future!

In addition, if the applicant still doesn't pay back the money, then the collection staff may come to the door to collect the debt and go to the company where you work to collect the debt, so the applicant's job may be lost, and the loss outweighs the gain!

In addition, if the applicant has a very bad attitude in dunning and makes some hooliganism such as insulting and beating dunning, then you will ruin the room for discussion with the small loan company and push yourself to a dead end! Therefore, when the arrears are not repaid, the applicant should have a correct attitude and actively negotiate with the small loan company to solve the problem, so that it is possible to get a grace period.

4. Be sued by the court

After a series of collection activities, if financial institutions find that the collection has been fruitless, they may bring a lawsuit to the court and recover the loan by legal means. During this period, the applicant may receive a reminder letter and an execution document issued by the court. Once the court makes a judgment, even if the applicant is unwilling, the repayment ruling must be executed, otherwise the court will inquire about the applicant's property, or freeze it, or seal it up according to law, or auction it. Anyway, I can use it.

If the circumstances are serious, you may go to jail.

Generally speaking, it is a civil dispute not to pay back the money. However, if the borrower refuses to carry out the judgment and resolutely refuses to recognize it after the court has issued it, that is another matter. The court will investigate the crime, and if the circumstances are serious, it is likely to go to jail. If things come to this, it would be a tragedy.

But generally speaking, only malicious arrears can bear criminal responsibility, and generally non-malicious arrears will not involve imprisonment. But for borrowers, owing money is not only not good for themselves, but also brings trouble to family and friends. It's really not worth it. As a borrower, you should make loans according to your economic income and repayment ability.