Hello friends! The end of the year is here, and the creditors are out again! There are probably three types of debts in the title: 1. Bank loan or credit card! 2. Online loans! 3. Private lending! The amount is huge!

Let’s first look at the consequences of owing the bank! If a bank loan is overdue, it is likely to be on the credit blacklist. This is the first step. The second step is to collect the loan, and then sue! In the case of bank loans, the case is relatively simple. During the pre-judgment, middle and post-judgment stages, you can also negotiate with the bank to reduce or reduce some interest and repay it in installments... If you fail to reach an agreement and settlement, you will enter enforcement... Asset auction? Lao Lai restrictions? If you conceal your property and fail to cooperate...then you will have certain criminal liability if you refuse to commit the crime...

Let’s look at online loans again! The formal one is basically the same as the bank! Irregular ones, those that cannot be credited, such as beheading loans, loan sharks, and various collections are inevitable... If you can't stand it, jail is actually a safe place... If you can withstand it, it will be over!

For private loans, you must first look at the interest rate. If it exceeds the annual interest rate of 36%, which is three points of the monthly interest rate, then there is a certain amount of leeway, because this is not protected by law... If it is in three The interest can be negotiated within 2 cents or more. It is not illegal to not repay this part! But the principal and the two cents and below still have to be paid off! Otherwise, they will definitely look for you every day, and there is no way to avoid this. They are all people nearby, even relatives and friends! If you are unable to repay, you may end up being sued!

Comprehensive analysis shows that there are many types of debts and the amounts are huge. We strive to negotiate and repay the bank and formal money first on the basis of installment reduction, exemption and extension, so as to avoid future financial and other activities and Families can have a serious long-term impact on your credit report! It may even affect your children's employment and schooling... The same is true for online loans and private loans! Negotiate as much as possible if you can. If the other party has violated the law, it can also be resolved judicially. In short, if the debt is complex and the amount is large, negotiation is the best way, and judicial resolution is the last resort! At the same time, it is recommended to take good personal safety protection...

Owe to the bank:

Malicious credit card overdraft of more than 50,000 yuan violates the criminal law and can be sentenced to fixed-term imprisonment and fines.

If you owe a loan, the collateral will be put up for judicial auction on Taobao.

As a credit shady, I am prohibited from spending too much, and my children are not allowed to attend high-fee private schools.

Obsession of online loans:

Please refer to various weird things in online news, but the annual interest rate higher than 36% is "usury", and the higher part is not supported by national law.

Owe to relatives and friends:

People who have been criticized by others throughout their lives will usually leave their hometown when the hole gets bigger.

Especially in small places, there are many people who come back after the old gang ran away, but the old debts from their hometown are never mentioned or returned. So every year, when I go home for the holidays, I leave in a hurry.

Thank you for the invitation

Seeing this situation is heart-wrenching, how could such a huge debt be formed. I will probably go to jail and have my credit card filed, which will be a disaster for myself and my family!

Banks and online loans will be divided into two models.

1. Go to the credit reporting system. For example, credit cards and loans normally approved by banks. Some online loans are also listed on the credit reporting system. If you don't pay this back, you're a black man. In other words, he becomes a so-called old man. You will be sued if you don't pay back the money, or if the credit card amount is huge. will be sentenced. Suspected of credit card fraud. If you really have no money, and the credit card limit does not exceed 100,000 (single card), it is not a big problem. But the black account has not escaped, and the bank will come to visit. Repayment can be negotiated. No interest is paid, only the principal is repaid. Of course, this is when you really have no money and don’t want to run away.

2. Not listed in the credit reporting system. There is no bank that can't get it, and it's basically online loans or small credit loans. Most of this will be outsourced to a debt collection company, which will take the trouble to call you and give you the phone numbers of all the contacts in your address book. They also said all kinds of things, including swearing, threatening, text message bombardment, and phone call bombardment. Various methods of debt collection companies.

There are two types of money owed to individuals.

1. There is an IOU that has not expired. You will be sued directly. If you have property, you can apply for enforcement.

2. No IOU. They might come to your house to cause trouble. It's hard to say this.

That’s all I personally know. Hope this helps. Also, live hard and don’t go into debt. If you are in debt, work hard to make money to pay it off.

come on!

In 2019, debt crises broke out more frequently. Even Wang Sicong was restricted from spending due to unpaid debts. I think there are definitely many such people.

In fact, no matter you owe tens of thousands, hundreds of thousands, or millions. First, let’s see how you face this problem. Do you want to make money and continue to repay the debt, or do you want to simply turn it into bad debt and not pay it back? The most important thing is to see what consequences you can bear or are willing to bear.

The worst result of not paying back the debt is criminal liability, which means going to jail!

If I don’t even worry about going to jail, then I don’t need to worry about the consequences. Just change your phone number and disappear. Then you spend the money you earn on your own, waiting for the bank or online loan platform to sue, the court to make a ruling, and then enforce it. If the debtor maliciously evades, the court may put the debtor in jail.

And there is a key issue to remember: jail time cannot be used to pay debts! ! I often hear many friends say that it’s okay, just go to jail if you can’t afford it, just treat it like going to jail to make money. But the relevant laws should have changed now. No matter how much you owe or how many years you serve in prison, the debt cannot be offset. Even if you go to jail, the creditor still has the right to recover from the debtor after you are released. You will not pay it back for life, but you will pursue it for life. So don’t understand that going to jail can pay off your debt.

If you cannot afford to go to jail, you need to take a series of correct responses.

1. Take the initiative to negotiate with creditors and maintain a proactive attitude towards repayment

In fact, due to the supervision of relevant national departments, both banks and platforms have to pay attention to debt recovery. There are many regulations and there is no so-called violent collection behavior. It also becomes possible to negotiate repayments. Of course, there is no need to worry if the negotiation is unsuccessful. Because whether it is a bank or an online loan platform. They will first use a third-party collection company to collect the debt. As long as this collection period is passed, there is basically room for negotiation. Even if the bank wants to sue, it is only a civil lawsuit and there is no so-called criminal lawsuit. The biggest problem faced by debtors is being included in the list of dishonest executors. Just like the situation of Luo Yonghao and Wang Sicong.

2. Repay when you have money, no matter how much, let creditors see your sincerity through actions

Of course, although there is an attitude towards repayment. But you have to keep up with your actions and pay back a little bit every month, whether it’s a few yuan, dozens, or hundreds. Always maintain a repayment behavior in action. Make your sincerity visible to the bank so it doesn't push them into taking extreme action.

3. Maintain a positive attitude

It is not easy to truly maintain a positive attitude in the midst of a debt crisis. People's sense of frustration, confusion, and helplessness are always filling the brain. This is something I have also experienced personally. But know that there is only one word difference between positive and negative. But it will be doomed to a different life and future. If you face it negatively, the future will be doomed, and you will be trapped in a debt prison all your life, and you will never get over it; if you face it positively, think of more ways, try more, and work harder, your success in the future may not be certain, but at least it will increase your success. possible.

In short, the current debt problem is not an isolated case, so when faced with debt, friends do not have to be so desperate. Every stage of life will always be an experience. We need to taste the good and the bad. There are not so many smooth sailings in life, ups and downs are the real life.

Hello, I am happy to answer your question. If a person owes millions to banks, online loans and personal loans, what will be the consequences if he cannot repay it? The consequences are very serious. Debt collection and prosecution are certain. In serious cases, you will be jailed and bear legal responsibility. Let’s talk about it below.

1. Collection

If you fail to repay the loan, you will definitely be collected. Bank collection will only be done through formal channels, and there will be no excessive behavior. Online loan collection is different. The use of violent collection will make you uneasy and seriously affect your work and life. Not only that, it will also affect your family and friends, making it impossible for you to gain a foothold in society.

2. Litigation

If the bank loan is not repaid and the bank’s collection fails, a lawsuit will be filed in court. The consequences of the lawsuit are: First, it will become a breach of trust. The second is to seize, freeze, and preserve all assets, including residences, bank cards, etc., and the third is to sell assets and dispose of realizable assets. The fourth is detention and sentencing.

In short, failure to repay a loan will have serious consequences. Repaying debts is a matter of course. Loans must be borrowed according to your ability, and you must not borrow blindly. Borrowing with superpowers will not only be irresponsible to yourself and your family, but It is a financial loss, and it can also damage your reputation and lead to jail time. Loans are risky, so be cautious when borrowing.

The above is my answer, I hope it can help you.

Bank

If you owe the bank several millions and fail to repay it, the bank will usually go to court to sue. At this time, it will be a civil lawsuit. The court will at best enforce enforcement, and there will be no criminal liability. When the court enforces enforcement, if you have the ability to repay the money, do not refuse to perform it. If you have the ability to repay the money but refuse to perform it, Article 313 of the Criminal Law: If you have the ability to perform a judgment or ruling but refuse to perform it, if the circumstances are serious, you will be punished with 3 Fixed-term imprisonment of not more than 10 years, detention, or fine. But if it involves loan fraud, you will be held criminally responsible.

Summary: As long as you don’t commit loan fraud and the court enforces the law, if you are able to repay, don’t refuse to do so. If you are unable to repay, you will not be criminally liable. However, as long as it is overdue, the bank will refer you to your personal credit report, which is a stain on your personal credit.

Online Loan

Online lending institutions are not qualified to refer the borrower to the People's Bank of China for credit reporting when the borrower is overdue. The High Court has also made a decision on the laws applicable to online loan disputes. It is clearly stated that it is applicable to private loans, which are subject to the usury limit of 36%. The court will not accept the loan if it exceeds 36%, and the comprehensive interest rate of online loans basically exceeds 36%.

Summary: Overdue online loans will basically not be reported to the credit report and will not affect your personal credit. However, you should remember one thing: check the loan contract and who issued the loan to you. Some online loan institutions will If financial institutions jointly lend, you should be careful if the loans are issued by formal financial institutions. In addition, online loans comply with civil laws and will not carry criminal liability.

Personal Loan

Failure to repay the loan after the due date will definitely not be reported to the credit report and will not affect the personal credit report. Loan disputes shall be governed by civil law and there will be no criminal liability.

Haven’t you ever seen the dense small print on the credit card application form when you applied for a credit card at the bank? There is a part of the description in the middle, which probably means that you will be responsible for your own borrowing behavior and bear unlimited joint and several liability. Class bala bala.

That is to say, the bank has the right to require you to repay the loan and file a lawsuit if necessary. The court will usually give you a grace period in order to make you repay the loan. When the grace period is up, if you have not repaid the loan, you will be charged. You will be registered on the list of dishonest persons, which is what we commonly call Lao Lai. Many behaviors will be restricted.

If the bank requires enforcement, your property may also be compulsorily deducted and frozen.

Just a few months ago, long-term non-payment of credit card payments was punishable by prison.

The consequences will be serious~~ Haha.

1. The consequences of not being able to repay the bank loan.

(1) Offend the bank and related personnel (account managers, etc.) who gave the loan, because there is a high probability that they will be punished if the loan is not repaid, and then the bank will blacklist you.

(2) Once you are on the bad credit list, it will be impossible to go to various banks for loans, credit cards, etc.

(3) If you are listed on the list of persons subject to breach of trust, there may be certain restrictions on taking high-speed trains and airplanes, and there may also be certain restrictions on staying in star-rated hotels. Children may not be able to go to college or be admitted to civil servants or public institutions.

2. The consequences of not being able to repay online loans.

(1) Be on the blacklist of lending institutions.

(2) Some online loans will be subject to credit investigation or (and) execution. If so, refer to 1.

(3) It is very likely that you will be listed on other types of credit bureaus such as Ant and Tongdun. The impact of this credit bureau may be slightly less than the People’s Bank of China credit bureau, affecting re-loans, online loans, etc.

(4) If the online loan is not so formal, you will be violently collected. They will call you constantly, call your friends in your address book, and use aggressive or even insulting words to you. Destroy one's reputation. It can even make you physically and mentally exhausted. The probability of coming to your door is less.

3. The consequences of not being able to repay personal loans.

It depends on who you borrow it from. If you use a violent collection group, you will be guilty (violent collection is illegal), and they may even come to intimidate you.

If you borrow money from relatives, friends, or others, you should pay it back, otherwise you will lose your credit, and your personal credit will be completely compromised. You can even sue the borrower and even make the borrower the person subject to execution for breach of trust. And there may be other consequences that are unpredictable.

In short, just repay what you can afford, even a few million, but I think personal credit is more important.