I owe Suning Finance 20,000 yuan, which I have never paid back. A reminder has been sent for overdue loans. What should I do?

According to the provisions of Article 108 of the General Principles of Civil Law of People's Republic of China (PRC) and General Principles of Civil Law of People's Republic of China (PRC), the debts shall be paid off. If it is temporarily unable to repay, it may be repaid by the debtor in installments with the consent of the creditor or the ruling of the people's court. Those who have the ability to repay and refuse to repay shall be forced to repay by the people's court.

According to the provisions of Article 84 of General Principles of Civil Law of People's Republic of China (PRC) and General Principles of Civil Law of People's Republic of China (PRC), debt is a specific relationship of rights and obligations between the parties in accordance with the contract or the law. The obligee is the obligee, and the obligor is the debtor.

The creditor has the right to require the debtor to perform its obligations in accordance with the contract or according to law.

Suning Financial Family Wealth Center pioneered online and offline Internet finance in China, broke through the simple mode of traditional online experience of Internet finance, provided customers with convenient, comprehensive and high-quality services, and built a one-stop O2O financial service platform.

Suning Financial Family Wealth Center pioneered online and offline Internet finance in China, broke through the simple mode of traditional online experience of Internet finance, provided customers with convenient, comprehensive and high-quality services, and built a one-stop O2O financial service platform.

Extended data

Article 207 of the Contract Law stipulates that "if the borrower fails to repay the loan within the agreed time limit, it shall pay overdue interest in accordance with the agreement or relevant state regulations".

Penalty interest will be charged if it is overdue. From the overdue date, default interest will be charged at the agreed interest rate 150% every day until the payment is overdue. Your overdue record will be collected by the People's Bank of China, which will affect your credit record. Please cherish your credit and repay on time.

For loans that are overdue or not used according to the purpose agreed in this contract, interest will be charged at the default interest rate from the date when they are used in loans overdue or not according to the purpose agreed in this contract until the loan principal and interest are fully paid off. For the interest that cannot be paid on time, compound interest shall be calculated at the penalty interest rate.

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