Probably because yingtan borrowed more, so there were more overdue loans. For example, in July, 2020, yujiang county County Court accepted a case of private lending dispute. After trial, the court ruled that the defendant should repay the loan principal of RMB 6,543,800+0.4 million and interest to the plaintiff Jin. However, after the judgment came into effect, Kim failed to fulfill his obligations, and applied to the yujiang county County Court for compulsory execution. At about 1 1 that night, Kim found that the executed person was entertaining in a KTV and immediately provided clues to the yujiang county County Court. The police immediately rushed to the scene and took measures to arrest Wu Mou. Under the strong deterrent of the law, Wu Mou, the person subjected to execution, realized his mistake and began to actively raise repayment funds. The two sides reached an agreement on repayment by installments.

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The consequences of loans overdue:

1. After the deadline, the personal credit report will leave a bad record. With a bad record, it will be very difficult to borrow money from banks to buy a house, a car or apply for a credit card, including online loans, because now that Xinlian has been established, banks and online loans will receive credit information after the deadline. The information of Xinlian is shared by the loan platform. So there will be records in the expired places.

2. If the user doesn't pay the loan after two months, the bank will forward it to the debt collection company. At that time, the debt collection company will call your home and call the user for collection. Then the attitude will be bad.

If we go to court to sue, users will be blacklisted as "untrustworthy". If they are blacklisted, they can't fly, take the high-speed train, stay in star-rated hotels, be directors or board members of enterprises, even bring trouble to their families, and their children can't attend private schools. If the circumstances are serious, they shall be sentenced to fixed-term imprisonment.

4. If the repayment is not made after three months, the bank will initiate judicial proceedings and bring a lawsuit to the court. At that time, users will receive a lawyer's letter or a court summons. At that time, the court will freeze users' assets, including real estate, cars and bank accounts. If there are funds in the bank accounts, they will be used for repayment and payment of prosecution fees.