What will happen if He Xin doesn't repay the loan?

1. If He Xin fails to repay the loan, there will be a penalty interest. The longer the overdue period, the more penalty interest and the greater the economic pressure. And overdue will also have an impact on personal credit information;

2. If the letter is overdue, it will be collected by means of information and telephone, which will affect the normal life of the borrower;

3. If the overdue period is too long, the platform may file a lawsuit against the borrower, and if it is still not returned, all personal property will be frozen.

Legal basis:

Article 577 of the Civil Code of People's Republic of China (PRC): If a party fails to perform its contractual obligations or fails to perform the contractual obligations in conformity with the agreement, it shall bear the liabilities for breach of contract such as continuing to perform, taking remedial measures or compensating for losses.

Article 1 of the "Several Provisions of the Supreme People's Court Municipality on Publishing the Information of the List of Executed Persons with Breach of Trust": If the executed person fails to fulfill the obligations specified in the effective legal documents and has one of the following circumstances, the people's court shall include him in the list of executed persons with bad faith and impose credit punishment on him according to law: (1) Failing to fulfill the obligations specified in the effective legal documents;

(1) Having the ability to perform but refusing to perform the obligations specified in the effective legal documents;

(2) Obstructing or resisting execution by forging evidence, violence or threats;

(3) evading execution by means of false litigation, false arbitration or concealing or transferring property;

(4) Violating the property reporting system;

(5) Violating the consumption restriction order;

(6) refusing to perform the settlement agreement without justifiable reasons.