Treatment of overdue arrears:
When the arrears are overdue, collect the loans;
If the delay exceeds 90 days, bring a lawsuit to the court:
① According to the loan contract and guarantee contract (mortgage or pledge contract), the issuing bank will sue the court, and the court will take measures such as property preservation, including freezing the deposits in all bank accounts of the lender and loan guarantor and sealing up the pledged property.
(2) After the judgment is made, the property will be enforced (deducting deposits, auctioning collateral, etc.). Pay off the bank's loan losses according to law.
③ Specifically, it includes: loan principal, loan interest, overdue interest, penalty interest, all litigation expenses arising therefrom, and related expenses incurred when the collateral is realized.
Credit will be affected. If the borrower is a company, the company will be recorded in the national bank credit information system, and loans in the name of individuals will also be recorded as overdue loans in the national personal credit information system.