Your loan should not belong to the banking system, so it will not be included in the bank’s credit history file.

1. If you are truly unable to repay, you should negotiate with the credit company to extend the repayment period or repay in installments.

2. If the credit company sues and wins the case in court, if you fail to fulfill the court judgment within the performance period, you can apply to the court for enforcement.

3. When accepting compulsory execution, the court will inquire about the properties, vehicles, securities and deposits under your name in accordance with the law.

4. In addition, if you have no property for enforcement in your name and you refuse to fulfill the effective judgment of the court, you will have negative information such as overdue repayment recorded in your personal credit report and be subject to high restrictions. Consumption and entry and exit, and may even lead to judicial detention.

5. When one has the ability but refuses to execute, he is suspected of refusing to execute the judgment or the crime of conviction

6. Article 313 of the "Criminal Law" Refusal to execute the judgment If the person who is capable of executing the judgment or order of the people's court but refuses to execute it, and the circumstances are serious, he shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or a fine.

1. The bank requires that the loan cannot be qualified for a loan if it cannot accumulate 6 times (inclusive) within two years, 3 times (inclusive) consecutively, and a single overdue period does not exceed 90 days. If it is only occasionally overdue, the loan can be resolved through communication with the bank. However, if the cumulative number of times or the number of consecutive times exceeds the stipulation, or the number of overdue days on a single occasion exceeds 90 days, no matter what the relationship is, the loan will not be granted.

2. Consequences of overdue credit cards:

1. Loss of funds. Penal interest will be charged at a rate of 0.5% per day, compounded monthly. The longer the period, the higher the interest.

2. If your credit card is overdue six times in a row and three times in a row, you will have a bad credit record. Three times in a row means it is overdue for more than 90 days. Once you have a bad record, it will be very difficult to get loans and apply for credit cards in the future.

3. Nowadays, most banks entrust third parties to collect debts. They will use various intimidation and threats to inform family, friends and work, which seriously affects normal life.

4. The bank will first send reminders via text messages and phone calls, and then send people to collect the debt twice. It will sue after three months.