In modern society, credit is an inherent benefit for everyone. If you can maintain good credit, try to maintain it, because it is equivalent to allowing ordinary people to enjoy part of the benefits of social and economic development.

Didn’t expect that? Loans from banks are actually a benefit. For details, you can search for one of my articles

"When water is released, credit cards are the most direct "new money" for ordinary people" to take a look.

If you really can’t get a credit card due to various reasons, such as investment or business failure, etc., don’t?, you must master the following knowledge: civil and criminal are two completely different things The concept

Civil economic disputes, including loans and borrowings, will not involve punishments such as detention, imprisonment, or restriction of personal freedom. At most, they will freeze your bank card, automatically transfer, and seize and sell assets. .

Of course, you can still use cash in your daily life. Now that you don’t have cash, you can also use Alipay and WeChat wallet. In short, I have to leave you a way to survive. Theoretically, civil affairs will not force you to have no basic living expenses.

WeChat and Alipay are not banking departments. They are not obligated to perform chargeback tasks.

But if you can’t repay your Alipay Huabei and Weilidai, that’s a bit troublesome. You may have to use WeChat and Alipay separately. Preferably someone else's.

Based on giving the debtor the right to basic life, this is a common sense in both theory and law. Even WeChat and Alipay, when you have dozens or hundreds of living expenses in your wallet, you will be deducted even once. If it's not enough, you won't be deducted by default. Let you have basic life protection.

But criminal matters are completely different.

If you are caught with forging materials to obtain a credit limit or loan, or maliciously change your mobile phone number and other contact information, and refuse to repay the loan with a tough attitude, it is really a serious violation of the law such as fraud. Possible jail time. And, after serving jail time, you have to continue to pay back the money.

But for general debtors, since the bank has recognized your or your company's (the company's legal representative shall bear legal responsibility) repayment ability, it is a normal business behavior of the bank to give you the corresponding limit or loan. If the loan cannot be recovered, the bank itself also has certain review responsibilities. As long as you fail to do so, you will not be criminalized.

Therefore, the first thing you should do is: contact the bank as soon as possible and call the corresponding bank’s 400 customer service number to explain the situation and express your willingness to take the initiative to repay the loan

Customer Service The phone calls will be recorded, and generally customer service will record them and notify the local credit card department to contact you. The local credit card department of the bank will contact you and may ask you to go to the bank's credit card department

Don't panic, the bank does not have the qualifications to detain you. Just go there as requested. This is very important. Explain the situation carefully to the bank and negotiate a repayment plan. Of course, it is very likely that your plan this time will not be implemented. That doesn't matter, just do your best. The most important thing is attitude, don't get caught committing fraud and refusing to repay. Follow a repayment plan

Work hard, or do business. At this time, you have negotiated with the bank. The bank may not report your overdue situation immediately and give you some time to make a comeback. But if you have an overdue credit record, or if you really can't pay it back, you will be judged and enforced by the court. In fact, you have lost the qualification to make large capital flows. Find a part-time job or start a small business.

If your job or business really improves, remember to insure the bank first. Those small loan companies will have some problems themselves, and the interest will be cut off from beginning to end, and the principal will not be much. After settling the debt with the bank, just coordinate with them.

Small loan companies are even more ruthless. They may go to court to sue you without even discussing it with you, often in a different place. They know that you are unlikely to be able to apply for the loan, and then they will enforce the law and deduct your bank card. and execution assets. Business organizations have no responsibility to give you a chance to make a comeback.

If you are unable to pay off the money within a certain period of time, such as five years, there is also a corporate and personal bankruptcy system, which is the last way to go. Corporate and personal bankruptcy systems

I will only briefly mention companies here, because the company bankruptcy system is very complete and most people know:

Currently registered companies are all limited liability company.

Why is it called "limited"? This means that after your company applies to the court and is judged bankrupt, it sells its assets to repay wages, creditors, banks, etc. If it is not enough to repay, it will not be pursued. Even if you personally still have tens of millions in cash or assets such as real estate and cars, once the company's assets are repaid, your personal assets will not be used to repay them. It means you still have the opportunity to start a new company.

Human life is actually very short, so there is no chance for an individual to be reborn financially? For honest but unfortunate debtors, the domestic "Personal Bankruptcy Law" has actually been gradually rolled out.

On July 16, 2019, 13 departments including the National Development and Reform Commission jointly issued the "Reform Plan for Accelerating and Improving the Exit System of Market Entities", proposing to study the establishment of a personal bankruptcy system, focusing on solving the joint liability guarantee of natural persons arising from corporate bankruptcy. Debt problem. The country's first centralized personal debt liquidation case with substantive functions and appropriate procedures for personal bankruptcy has been successfully concluded. Cai, a shareholder of a bankrupt company with a monthly income of 4,000 yuan, assets of less than 5 digits, but a debt of more than 2.14 million yuan, obtained the forgiveness of four creditors under the active practice of the court, and finally only had to repay more than 32,000 yuan, and was able to Maintain a certain level of "respectability" in life.

On August 26, 2020, the 44th meeting of the Standing Committee of the Sixth Shenzhen People’s Congress passed the “Shenzhen Special Economic Zone Personal Bankruptcy Regulations”. This is the first personal bankruptcy legislation in the country. On July 19, 2021, the first personal bankruptcy application in my country was approved by the court.

It must be admitted that when your credit record is bad, your life and work will be greatly affected. Especially when opening a company to do business, there is no way to transfer funds, and the probability of a successful comeback is not very high.

The Personal Bankruptcy Law is equivalent to giving ordinary people another economic regeneration benefit. But those real "bad guys", those who have money but don't pay it back, are not included in this list.

Being born in this great era, especially the great motherland is a blessing cultivated in the previous life. Cherish life, love life, and embrace tomorrow.