1. What will constitute a credit loan default in Suzhou?
1. The borrower fails to use the loan for the purposes agreed by both parties, or fails to use the loan funds in the agreed way, or provides false information to evade the entrusted payment agreed in this contract;
2. The borrower defaults on the principal, interest and expenses, or defaults on the credit insurance premium payable corresponding to this credit;
3. The borrower breaches the contract when performing other contracts with banks or other banks;
4. The borrower or guarantor transfers property to avoid debts;
5. The Borrower violates the guarantees and commitments made by it or has other behaviors that fail to perform the obligations under this Contract;
6. Other circumstances that seriously affect the borrower's solvency occur.
Second, the consequences of Suzhou credit loan default
1, credit history stain.
China's personal credit information system has been established for a short time, which mainly affects the lending between individuals and financial institutions, that is, after the credit record is stained, it will be very troublesome to apply for credit cards or bank loans, or it will bear a high expected annualized interest rate, or it will not be approved at all.
2. Late payment will be charged.
When Suzhou Credit loans overdue fails to repay the loan, credit lending institutions will begin to put the borrowers of credit loans on the overdue list. Generally speaking, loans overdue will charge a relatively high late fee.
3, more than a certain amount of prosecution.
Editor's Note: The above is an introduction to the results and reasons of Suzhou credit loan default. After applying for a credit loan, everyone must repay the loan on time according to the requirements of the contract, otherwise it will not only lead to credit investigation at the meeting, but also face prosecution.