What will happen to the money paid by Wing?

What will happen if wing payment is overdue by one day?

Hello, if the money paid by Wing is not paid back, there will be the following consequences: after it is overdue, Wing Pay will upload the overdue record to the credit information, which will affect the personal credit of users; The system will calculate the overdue penalty interest on a daily basis. The longer the overdue time, the more the penalty interest will be. During the overdue period, users will encounter short messages and telephone calls for collection; You will not be able to use Wing Pay's loan service in the future.

Therefore, after the payment is overdue, it must be repaid as soon as possible to minimize the negative impact, so that users can apply for other credit services normally in the future.

Thanks for adoption

Wing pays the arrears 10000. What will happen after 30 days without money? He said he would sue me and maybe go to jail.

I owe 10000, which is 30 days overdue. If I have no money to pay back, it will lead to credit problems. Even if the loan hasn't been paid back, I won't go to jail. Because this is a civil dispute, it will not be considered as a criminal offence under normal circumstances. Since it is not a crime, there is no need to convict and punish the parties, and naturally there will be no imprisonment.

Legal analysis

If you owe the loan and don't pay it back, it's just a civil dispute. Under normal circumstances, he will not go to jail and will not be investigated for criminal responsibility. After the loan expires, the borrower will be notified to repay the loan within a period of time in the form of a reminder. If the borrower still fails to repay the loan, a special person will be assigned to settle it through consultation. After the bank wins the case, if the parties fail to perform the court decision within the performance period, they may apply to the court for enforcement. When accepting the execution, the court will inquire about the property, vehicles, securities and deposits under the debtor's name according to law; In addition, if the debtor has no executable property and refuses to perform the effective judgment of the court, his personal credit report will contain negative information such as overdue payment, and he will be restricted from high consumption and entry and exit, and may even be punished by judicial custody. Those who have the ability to refuse to execute are suspected of refusing to execute the judgment or ruling. If the lender fails to recover the loan for many times, the creditor will directly deal with the collateral to pay off the remaining debts. But for borrowers, this method can be used as the second best policy.

legal ground

Article 179 of the Civil Code of People's Republic of China (PRC) bears civil liability mainly in the following ways: (1) Stop the infringement; (2) remove obstacles; (3) eliminating danger; (4) returning property; (5) restitution; (six) repair, rework and replacement; (7) continue to perform; (8) Compensation for losses; (9) Paying liquidated damages; (ten) to eliminate the influence and restore the reputation; (eleven) apologize. Where the law provides for punitive damages, such provisions shall prevail. The ways of bearing civil liability as stipulated in this article can be applied separately or in combination.

What will happen after wing pays the borrowed money?

The borrower died, and the debt was paid by the heir. According to the relevant public information, when the heir, the debtor, dies, he shall pay off the taxes and debts that the decedent should pay according to law.