There are bad records on the credit report, and the collateral will also be auctioned to repay the loan.
If the loan is sued to the court and fails to perform the court's judgment during the performance period, it will apply to the court for enforcement.
If you don't pay it back, you won't go to jail.
1. If it is really unable to repay, it shall negotiate with the lender to extend the repayment period or repay by installments.
2. If the loan is sued to the court and the judgment of the court is not fulfilled during the performance period, it will apply to the court for enforcement.
3. When accepting enforcement, the court will inquire about the real estate, vehicles, securities and deposits in the name of the lender according to law.
4. If the lender refuses to perform the effective judgment of the court because there is no executable property under his name, negative information such as overdue repayment will be recorded in the personal credit report, and he will be restricted from high consumption and entry and exit, and may even be detained.
Loans overdue takes both individuals and enterprises very seriously. So don't go to loans overdue as far as possible, and you must repay the loan on time, but if it is really overdue, you should take the initiative to contact the lender to minimize the fine. Usually, the following measures should be taken in anticipation:
1. Calculate and collect the penalty interest of overdue loans according to the loan contract.
2. According to the loan contract, the interest payable and unpaid interest shall be calculated in a compound way.
3. Submit the overdue information of the borrower to the personal credit information system.
4. Announce the early maturity of the loan.
5. Stop using the borrower's remaining credit line.
6. Call the borrower by telephone, on-site visit, lawyer's letter or letter.
7. Take the form of pledge guarantee, dispose of the pledge and return the overdue loan principal and interest.
8. Take the form of guarantee and collect guarantors by telephone, on-site visit, lawyer's letter and letter.
9. Bring a lawsuit to the people's court according to the loan contract.
10. Apply to the Arbitration Commission for arbitration according to the borrower's contract.
Generally speaking, every bank will charge a certain interest for overdue repayment, which is different from each bank, and is generally five ten thousandths of the interest. However, the value date should be calculated from the date of consumption, not from the day after the last repayment date.
It is suggested that if the total amount is not repaid, the minimum repayment amount can be repaid first, without affecting the credit line. At the same time, there will be a buffer period, so that the bank can know the flow of funds in your account in time and will not freeze the account!
When a credit card (debit card) holder chooses the minimum repayment method or uses a card that exceeds the credit limit approved by the issuing bank, he will no longer enjoy the interest-free repayment period, and will pay overdraft interest calculated at the prescribed interest rate for the unpaid part from the bank bookkeeping date.