Won't the cash bus also hang up the internet to escape debts?

The cash bus is doing small loans. If the loan is not repaid on time, the impact is as follows:

First of all, the annoying collection process

If the general borrower fails to repay the loan within the time limit, the lending institution will collect it. The collection process not only affects the borrower's life and work, but also may make the borrower lose face in front of relatives, friends and colleagues. This is what all small loans will do!

Second, credit records are affected.

If it is a loan from a non-bank institution, if the institution is included in the credit report, overdue repayment will also affect the personal credit report.

Third, economic losses such as penalty interest.

If the borrower fails to repay the loan in full and on time, it is a breach of contract and will be punished with penalty interest and late fees. If you have been in arrears, this part of the liquidated damages will be bigger and bigger.

Four. Be sued by a lending institution.

If the borrower still refuses to repay the loan after the loan institution collects it, the loan institution will bring a lawsuit to the court. In the case of complete procedures and sufficient evidence, the court will judge the borrower to repay the principal and interest owed, and the borrower will also bear part of the expenses incurred in the process of prosecution. Even if the loan has no relevant collateral, the court can still decide to dispose of the assets under the borrower's name for repayment.