I received a collection notice from Pailaidai, what should I do?

There are no consequences for loan money:

1. If you really have no ability to repay, you should negotiate with the lending institution to extend the repayment period or repay in installments.

2. If the lending institution fails to fulfill the court judgment during the performance period after winning the lawsuit in court, it will apply to the court for enforcement.

3. When accepting compulsory execution, the court will inquire about the properties, vehicles, securities and deposits in the name of the lender in accordance with the law.

4. If the lender has no property available for execution and refuses to fulfill the effective judgment of the court, negative information such as overdue repayment will be recorded in the personal credit report and the person will be restricted from high consumption and entry and exit. , and may even be subject to judicial detention.