If you owe a bank loan, your mobile phone number will be blocked. As a personal intangible asset, a mobile phone number, like movable and real estate, can be enforced by the court and used to repay debts owed by others or banks. As early as 2015, the Jinjiang Court in Fujian Province conducted a public auction of mobile phone numbers on Taobao. Moreover, the Heilongjiang Court once publicly auctioned a mobile phone number ending in eight sevens, and sold it for a sky-high price of 3.91 million yuan.

Consequences of owing a bank loan

Negative information such as late repayment is not permanently recorded in an individual’s credit report. my country’s current credit record retention period is five years. After paying off a credit card, anyone can start building their credit history all over again. Whether it constitutes a criminal offense and whether you will be imprisoned depends not only on the time of arrears, but also on the principal amount of the credit card arrears.

If the bank sues in court and wins the case, but you fail to fulfill the court judgment during the performance period, you can apply to the court for enforcement. When accepting compulsory execution, the court will inquire about the properties, vehicles, securities and deposits in the name of the debtor in accordance with the law.

In addition, if you have no enforceable property 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 restricted from high consumption and You may even be subject to judicial detention when entering or leaving the country. If the person has the ability but refuses to execute the sentence, he is suspected of refusing to execute the judgment and is guilty of the crime.