How bad the overdue behavior is, but Vin's parents are lazy. They don't pay back the debts, and they still owe workers a lot of wages, living on these meager wages. Then defaulting on workers' wages is nothing more than forcing them to die. Then, if ordinary people have credit cards and loans overdue, banks will go through judicial procedures. Going through the judicial process is nothing more than blacklisting your credit information, and the bank will forcibly confiscate all your property, such as real estate and cars.
The legal knowledge about overdue is just beginning. When the bank sees overdue, it will make a live phone call. The main purpose is to let the overdue person take the initiative to return the money. Generally, the bank will take judicial proceedings if it is overdue for three months, but if you repay the loan later, your credit blacklist will be accompanied by five years. After five years, this blacklist will disappear and normal life will resume. Nowadays, trains, high-speed trains and airplanes are all indispensable means of transportation.
It is absolutely impossible to break the law, but if it is blacklisted, none of these means of transportation can be used. And in these five years, if your son or daughter needs to take the civil service exam, because the requirements in some places are likely to be rejected. In addition, many large companies also investigate employees' parents and relatives, and if they are investigated by the company, they are likely to be fired. I hope you can learn about loans overdue's legal knowledge and don't do anything illegal.