What are the consequences of the loan?

First, what are the consequences of the loan?

Didn't your loan have the following consequences:

1, overdue penalty interest: if the loan is not repaid, the overdue penalty interest will be collected on a daily basis until the borrower pays off the money.

2. In case of collection: the collection specialist will collect overdue customer service by SMS and telephone.

3. Credit investigation: The overdue record of the auction loan will be uploaded to the People's Bank of China for credit investigation, and will also be uploaded to the cooperation network for credit investigation.

4. It may be: if the circumstances are serious, such as malicious overdue, the overdue days are too long, and the overdue amount is too large, then the borrower may take the loan.

Second, what happens if a person borrows money from an auction?

What are the consequences of the loan money?

If it is really unable to repay, it shall negotiate with the lending institution to extend the repayment period or repay it in installments;

If the lender fails to perform the judgment within the performance period after winning the case, it will apply for enforcement;

When accepting compulsory execution, it will inquire about the real estate, vehicles, securities and deposits under the name of the lender according to law;

If the lender has no property to enforce, refuses to perform the effective judgment, overdue repayment and other negative information will be recorded in the personal credit report, and will be restricted from high consumption and entry and exit, and may even be punished by judicial custody.

Basically, it won't affect, and you can repay on time in the future.

Third, what happens if a person borrows money from an auction?

What are the consequences of the loan money?

If it is really unable to repay, it shall negotiate with the lending institution to extend the repayment period or repay it in installments;

If the lender wins the case, it will apply for enforcement at the performance meeting;

When accepting compulsory execution, it will inquire about the real estate, vehicles, securities and deposits under the name of the lender according to law;

Negative information such as the lender's refusal to execute the property and overdue repayment is recorded in the personal credit report, and it is restricted to high consumption and entry and exit, and may even be punished by judicial custody.

You can repay the loan on time in the future.

4. What happens if a person borrows money from the auction?

What will happen to the loan money? If it is really unable to repay, it shall negotiate with the lending institution to extend the repayment period or repay it in installments; If the lender fails to perform the judgment within the performance period after winning the case, it will apply for enforcement; When accepting compulsory execution, it will inquire about the real estate, vehicles, securities and deposits under the name of the lender according to law; If the lender has no property to enforce, refuses to perform the effective judgment, overdue repayment and other negative information will be recorded in the personal credit report, and will be restricted from high consumption and entry and exit, and may even be punished by judicial custody. Basically, it won't affect, and you can repay on time in the future.