When a credit union is indeed unable to repay a loan, it should actively negotiate with the lending institution to extend the repayment period or repay it in installments. It is best to provide proof of your inability to repay, such as unemployment certificate, bankruptcy certificate, illness certificate, etc., so that the bank can consider it at its discretion and may agree to the lender's deferment of repayment, or develop a personalized repayment plan.

Apply for loan extension: If the loan expires and cannot be returned on time, you can apply for an extension from the bank. The purpose of this is to show the bank your determination to repay the loan with a positive attitude, and to apply for a certain extension to buy more time for you to repay the loan. There are just a few issues to pay attention to when extending a loan. The application needs to be submitted 30 working days in advance. If there is a guarantor for the loan, a written proof that the guarantor agrees to the extension and continues to guarantee the loan should also be issued.

Try to pay off the minimum payment in installments: Credit card consumption and installment consumption are a shopping method favored by many young people. Once shoppers consume irrationally, it is easy for the purchase amount to be greater than their own repayment. status of ability. In this case, you can try to repay the minimum repayment amount or apply for bill installment. This will not affect your credit record, but the disadvantages are obvious, as it will incur a lot of interest or handling fees.

If rural credit cooperatives fail to repay their loans, the consequences will include:

1. Leaving a bad credit record in personal credit, which will directly affect the borrower’s future loans;

2. Penalty interest is generated. On the basis of the original loan burden, an additional financial burden of penalty interest is added;

3. Get involved in a lawsuit. If the borrower is unable to repay the credit union loan after repeated calls, the credit union can sue the borrower to court; if the lending institution succeeds in suing the court and fails to fulfill the court judgment during the performance period, it will apply to the court for enforcement;

4. For the case where there is collateral as collateral, with the permission of the court, the lending bank can also auction the collateral to repay the funds owed by the borrower.