No.

CMA CGM's excessively high interest rates are not protected by law.

If it is overdue for more than one year, it is estimated that you will have to sue the court. If you still fail to pay after the court's decision, you will be included in the list of dishonest persons subject to execution, that is, the list of defaulters.

I am on the list of dishonest persons subject to enforcement. This list is for credit reporting. In the future, my credit reporting will be black. I will no longer be able to get loans, nor will I be able to travel on high-speed trains, trains, or airplanes, or stay in star-rated hotels. Wait for high consumption.

Extended information:

Corresponding measures

Behaviors that can be taken against dishonest persons subject to enforcement:

First, prohibit some high-consumption behaviors , including the ban on taking soft sleepers on planes and trains;

The second is to implement other credit penalties, including restrictions on loans from financial institutions or credit cards;

The third is that if the person subject to breach of trust is a natural person, he shall not Serve as the legal representative, director, supervisor, senior manager, etc. of the enterprise.

Purpose of the Regulation

The promulgation of this judicial interpretation aims to guide courts at all levels to correctly and effectively use credit punishment measures, establish a list of dishonest persons subject to execution, and urge dishonest persons subject to execution to perform their duties as soon as possible obligations and promote the construction of the social credit system.

Reference materials: Baidu Encyclopedia - Persons subject to execution for breach of trust

Reference materials: Baidu Encyclopedia - Lao Lai Blacklist