Why did China Merchants Bank sign the conciliation statement after the deadline?

It can reduce the time for banks to sue themselves.

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1. What is the settlement agreement?

This kind of reconciliation agreement can be divided into internal reconciliation and external reconciliation, but their meanings are quite different. Generally speaking, it is suggested that we implement internal reconciliation, because it is protected by law and has practical significance, while the latter is not protected. In other words, if the bank and the debtor or the online lending platform and the debtor choose external settlement, the debtor will eventually pay back the money, but the other party will not keep its promise, which will still have a great impact on everyone. After all, there is no legal benefit.

2. Matters needing attention in the settlement agreement:

If you really want to sign a settlement agreement, you should also pay attention to these precautions. The first is prevention, not knowing the situation. There are two situations. One is to prevent forced reconciliation, and the other is to prevent the possibility of delay by the executed person. This must be noted. After all, as long as a similar agreement is signed, the executed person will not be affected for a period of time, at least much better than being accepted, so be sure to pay attention.

3. Is the settlement agreement really useful?

How can I put it? It doesn't mean much. Many debtors may think that with this settlement agreement, banks will no longer sue themselves, or they can pay less. How can I put it? This idea is really naive and basically impossible. Besides, if everyone still has no repayment ability after signing the settlement agreement, or refuses to implement it, have you thought about the consequences? This is not suitable for debtors.

For a simple example, the debtor was sued and then chose to sign a settlement agreement with the bank, but a month later the bank found that the other party had not repaid the loan as agreed, so what would the bank do?

The bank will choose to sue everyone again. At this time, the bank will no longer sign the so-called agreement with the debtor. It is basically one thing for the debtor to lose the case. After losing the case, the debtor has to bear the legal costs of prosecution, and the second prosecution is more troublesome, and the level of legal costs can be imagined. So don't sign a settlement agreement easily, whether it is a bank or a debtor.