What will happen if I haven’t paid back my China Merchants Union Good-Term Loan for almost 2 years? Just take a look and you’ll know

China Merchants Union Finance is an online credit product that supports borrowing and repaying at any time 24 hours a day, with a maximum loan limit of 200,000 yuan and a maximum loan limit of 200,000 yuan. The loan period is 36 months. Many people often accidentally forget to repay the loan after using the China Merchants Union Good Term Loan. When they think about it, they find that they have not repaid it for almost 2 years, so they feel anxious and want to know what the result will be. Then we will tell you what we know. Just explain it briefly.

1. Behavior of non-repayment of China Merchants Union good-term loan for 2 years Generally speaking, if it is overdue, some platforms can extend it for 1 day, as long as it is paid off in time, and if your China Merchants Union If a good loan has not been repaid for almost 2 years, it is a particularly serious overdue behavior, which can be manifested as: 1. Acting rogue, never answering the phone or reading text messages, and disappearing; 2. Borrowing without intending to repay, deliberately possessing; 3. There is suspicion of fraud. Maybe the application materials are all fake.

2. Consequences of non-repayment of China Merchants Union Hao term loan for 2 years

1. Discrediting a personal credit report that is overdue for 2 years will definitely be left on the central bank’s personal credit report If you have a serious default record, the credit society will only have difficulty if you lose your credit. In the future, whether you are applying for a home loan, a car loan, a personal consumption loan, a business loan or various credit payment mortgages, you may not have to think about it.

2. When the defendant goes to court and the Zhaolianhao loan becomes overdue in the early stage, he should receive a repayment text message or phone call. If you ignore them all and the overdue amount is quite large, if necessary, Next, they may go through legal proceedings and take you directly to court, asking the court to force the case to be dealt with. Therefore, if you have not repaid your China Merchants Union loan for almost 2 years, you should contact the official customer service immediately, explain the situation, and pay off all overdue amounts and loan principal and interest in a timely manner. You must know that it is not too late to make amends. As long as the payment is completed, your personal credit report Negative records can also be cleared after a certain number of years. When the China Merchants Union Good-Term Loan is 7 months overdue, the repayer's overdue record has been uploaded to the personal credit system, and when it is 7 months overdue, Serious penalties have been incurred during the period. Repayers need to contact the customer service of China Merchants Lianhao Long-term Loan to repay as soon as possible.

No matter what type of loan is overdue, the most important thing is not only the penalty interest and litigation issues, but also the fact that the repayer’s overdue record will be uploaded to the credit reporting system. Penalty interest and litigation issues are all about money. No matter how bad a month's salary is, it is only 3,000 yuan. It is not a problem to spend two months' salary to solve the seven-month penalty interest on China Merchants Union's long-term loan. When the borrower's loan amount is less than 5,000 yuan and the loan is overdue, the staff will make two reminders to the lender within three months. If the loan still refuses to be returned, a civil lawsuit will arise. The losing party in a civil lawsuit must be the lender. It is only natural to pay back the money you owe, and the lender will also bear the costs of losing the lawsuit.

Bad records in the personal credit reporting system are credit records and cannot be solved with money. According to the new regulations on personal credit reporting, if a user has a bad credit record in the personal credit reporting system, the user will not be able to eliminate or cover the bad credit record within 5 years. This means that once a user has a bad credit record, it will not be eliminated by repaying it on time. It will only be erased by the system after five years. A bad credit record in a personal credit report will affect every aspect of a user's life.

Once a user has a bad record in their personal credit report, it will directly affect the user's use of loans and credit cards. Moreover, users will be restricted from all high-consumption behaviors. For example, users who want to travel in first class or first class seats are not allowed. Large expenditures are not allowed even for daily shopping. Moreover, bad credit records in the personal credit reporting system have a serious impact on job seekers. When job seekers want to join a large company, people with bad credit records will not even get an interview chance. The total outstanding debt of China Merchants Union Good-Term Loan is 19,000, the repayment of each installment is 1,836, which is 12 days overdue. What should I do now that I have no money?

If the loan of China Merchants Union Good-term Loan cannot be repaid, it is recommended that customers take the initiative to contact the customer service of China Merchants Union Financial (National service hotline number: 95786, service hours are from 8:30 am to 17:30 pm) For negotiation, you can try to apply for extending the repayment period and repaying the debt in installments.

Customers need to explain clearly that they do not have sufficient repayment ability, indicate that they did not intentionally fail to repay the loan, provide certain information to support it, and show their sincere intention to repay the loan. China Merchants Union Financial will consider this at its discretion.

If the customer's extension request is finally granted, the customer can repay the debt on time and in installments according to the repayment plan newly negotiated with China Merchants United Finance.

Of course, China Merchants United Finance is also likely to refuse. In this regard, it is recommended that customers find other channels to raise funds. For example, they can try to borrow money from close family and friends to repay the China Merchants Lianhao term loan. After the debt is paid off, you will have money in your hand, and you can just pay it back to your relatives and friends at that time (at least it is better to discuss the repayment time with relatives and friends, and interest will not be charged). What will happen if the loan is overdue?

The loan will be stopped and part or all of the loan will be recovered in advance.

The "General Rules of Loans" have corresponding provisions:

Article 71 If the borrower has any of the following circumstances, the lender will charge additional interest on part or all of the loan ; If the circumstances are particularly serious, the lender will stop paying the borrower's unused loan and withdraw part or all of the loan in advance:

1. Failure to use the loan for the purpose specified in the loan contract.

2. Using loans to make equity investments.

3. Using loans to engage in speculative operations in securities, futures, etc.

Extended information:?

Relevant legal provisions of the "General Rules for Loans":

Article 61? The project supported by the loan itself needs to be approved in accordance with national regulations Procedure for approval. Fixed asset investment projects generally need to go through several approvals including project establishment, feasibility study, preliminary design and construction before they can enter construction.

After the project is completed, the relevant government departments will organize completion, final accounts, acceptance and other work. Fixed asset loans must consider matching other construction funds. The state stipulates that construction projects must have capital, that is, investors' non-debt funds.

Article 62: Projects in different industries require different proportions of capital to total investment, and bank loans cannot be used as project capital. Our bank usually holds more than 30% of the project capital.