What to do if you borrow money and don't repay it. The solution to borrowing money and not repaying it is as follows: 1. Both parties, on the basis of voluntariness and mutual understanding, directly negotiate or invite a third party to mediate to resolve the dispute: (1) The creditor's right has expired or is about to expire.

If the debtor is temporarily unable to repay the debt but is sincere in repaying the debt, the creditor may negotiate with the debtor on the time limit, method, and amount of debt performance, and urge the debtor to perform the debt or sign a repayment agreement; (2) If the creditor's right is secured by a mortgage

Or if a third party provides a guarantee, the creditor can negotiate with the mortgagor or guarantor so that the mortgagor can repay the debt with a sufficient amount of the mortgaged assets, or the guarantor can repay the debt; 2. Seek help from a lawyer and issue a lawyer's letter to collect the debt

: The lawyer will come up with a plan to recover the debt based on the loan formation process, the evidence in the creditor’s hands, and the relevant laws.

Depending on the situation, a lawyer's letter will be issued to the borrower to collect the creditor's rights; 3. Conduct pre-litigation preservation to prompt the other party to respond positively: In order to protect the legitimate rights and interests of the parties, it is stipulated that due to the emergency situation, legal interested parties will not immediately apply for property preservation.

If the rights and interests are irreparably damaged, the creditor may apply to the court for property preservation measures before filing a lawsuit.

4. You can file a civil lawsuit with the People's Court and require the other party to repay the debt. After the trial is completed, the People's Court will make a judgment and issue a civil judgment in accordance with the law.

Legal basis: Article 188 of the "People's Republic of China and Civil Code" The statute of limitations for petitioning the People's Court for protection of civil rights is three years.

If the law provides otherwise, such provisions shall prevail.

The statute of limitations shall be calculated from the date when the obligee knows or should have known that the right has been damaged and the obligor.

If the law provides otherwise, such provisions shall prevail.

However, if it has been more than 20 years since the right was damaged, the people's court will not grant protection. If there are special circumstances, the people's court may decide to extend the time based on the application of the right holder.

What should I do if I can’t pay back the loan?

1. Answer positively If you can't pay back the money after borrowing it, you can deal with it from the following four aspects.

2. Specific analysis 1. Contact the platform in advance to negotiate. If you feel pressure to repay, you can contact the platform to negotiate in advance before the repayment date expires to see if the repayment can be extended to buy more time for your repayment.

When negotiating with the platform, in order to increase the success rate of negotiation, you can prepare some supporting materials, such as unemployment certificate, personal asset certificate, etc.

2. Ask friends to borrow money and repay the loan. You can also ask relatives and friends to borrow money first to repay the loan. Some lending institutions have strict management of loans and may not agree to the negotiated application, so you need to find a fund first to repay the loan.

As long as your reputation is not too bad, it is not difficult to apply for a loan from relatives and friends.

3. Find a third party to guarantee you. If the platform is not willing to communicate with you because of poor qualifications, you can find some third parties with better qualifications to provide guarantees for you, because the guarantor will bear joint and several liability for repayment, so

After guaranteeing, the risks borne by the platform will be lower and more time can be given to create loans.

4. Liquidate assets for repayment. You can also liquidate valuable assets in your hands to raise repayment funds. For example, if you have some financial products, funds, etc., you can redeem these products first to obtain a certain amount of funds. If

If you have fixed assets such as vehicles and valuable jewelry, you can also find ways to liquidate these assets and raise funds as soon as possible for repayment to avoid the consequences of overdue payments.

If the black account is not caused by overdue payment, then you need to look for other reasons, such as whether the frequency of applying for online loans is too high. If you are not sure, you can check it on: Beijian Quick Search.

As long as you understand what caused you to become a black account, you can improve online loan big data based on the reasons.

3. What should I do if the loan is overdue and cannot be paid temporarily?

If the loan is overdue and cannot be repaid for the time being, it is recommended that you organize the funds on hand and try your best to repay as much as you can.

As for the remaining part, you can take the initiative to contact the bank (lending institution/platform) and try to negotiate to extend the repayment period and repay the debt in installments.

As long as you clearly explain your inability to repay during the negotiation, provide relevant supporting information, show that you did not intentionally fail to repay the debt overdue, and express your willingness to actively repay, the bank (lending institution/platform) should consider an extension as appropriate.

ask.

And if the negotiation fails once, don’t be discouraged. You can adjust the repayment plan and communicate and discuss it several times.

In addition, if you have no money to repay, you can also try to borrow money from relatives and friends around you to raise funds to repay the debt.

Pay off the loan as soon as possible first, so as not to incur more penalty interest and more serious adverse consequences if it continues to be delayed.

As for the debts owed by relatives and friends, you can wait until your own funds are turned over before repaying them. It will be easier to negotiate a repayment time.