What will happen if you don't pay back the quick loan?

First, what are the consequences of quick loans?

Quick loans will not cause many serious consequences to borrowers, mainly including the following points:

One,

Although the policies of each lending institution are different, on the whole, banks are more accommodating than small loan companies. In loans overdue, the lending institution will first collect the loan and remind the borrower to repay the loan, and the interest rate will rise as a daily penalty interest.

Second, produce bad credit records.

After the borrower fails to repay the loan for a period of time, it will leave a bad credit record in the credit report. Once generated, it may be kept for 3 -7 years. If the borrower borrows it later, it may lose its reputation.

If the overdue circumstances are serious, it will have an impact on applying for mortgage and car loan in the future. Bad credit records can't be compensated by money.

Third, you can't enjoy preferential loans.

Many people are reapplying, leaving too many overdue repayment records on the old mortgage. In addition to preferential mortgage interest rates, it is even more difficult to apply for a mortgage again.

Fourth, pull into the blacklist and become a credit black account.

For some deliberately delayed travel arrears, they are blacklisted. Once you enter the credit blacklist, you may not be able to take the plane or high-speed rail, which will also affect your large consumption and other behaviors. More stringent key schools. And now there are more and more thresholds, and it is difficult to become a credit black account.

Five, affect personal career

Some college students will apply for student loans before entering school. If the student is overdue for more than 90 days in a row and the circumstances are serious, the bank or school will publish his identity card in the media. In case of malicious default or intentional default, the bank will. If it is overdue but not for 90 consecutive days, and the repayment is made on time, the credit level will not be greatly affected.

Sixth, yes.

If the borrower fails to pay the fee for more than three months, it will be very serious. Lending institutions will collect loans according to law and take measures such as property preservation according to the relevant provisions of the loan contract, including freezing deposits in all bank accounts of lenders and loan guarantors and sealing up pledged property.

Second, can the bank loan not be repaid?

Is your father Li Gang?

Third, what are the consequences of bank loans?

1. The borrower's credit is affected. Because the bank pays more attention to the borrower's personal credit, if the loan is not repaid, the personal credit will be affected, which will directly affect the borrower's future loans.

2. Penalty interest will increase the repayment pressure in the future. If the borrower fails to repay the loan, there will be a penalty interest with the progress of time, which will increase the repayment pressure of the borrower.

3. If loans overdue stays for a month or two, the bank will not call the borrower immediately to urge him to repay the loan. If it fails, the bank will have a special person to communicate with the borrower.

4. If the communication fails and the borrower provides collateral as mortgage loan, the collateral that cannot be repaid after repeated calls will be auctioned to repay the loan.

loan

A simple understanding of a loan is to borrow money with interest. Loan is a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must return them. Loans in a broad sense refer to loans, discounts, overdrafts and other borrowing funds.