What should I do if the loan is not repaid in Heng Chang?

If Heng Chang does not repay the loan, the following may happen:

1. Pay penalty interest and liquidated damages. If the borrower fails to repay, and the repayment date is overdue, the online lending platform will charge liquidated damages and penalty interest.

2. Call for collection. Online lending platforms generally have special collection personnel who will always call you for collection, and will also call your contacts and parents in your address book.

3. Bring a lawsuit to the court. If the borrower is overdue for a long time, the online loan company will sue the court. If the borrower fails to repay the loan, it may be forced to auction the property such as real estate and cars for repayment.

Article 313 of the Criminal Law of People's Republic of China (PRC) refuses to execute the judgment or ruling of the people's court, and if the circumstances are serious, he shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or a fine.

Heng Chang loan collection methods include but are not limited to non-collection, SMS collection, robot collection, telephone collection, letter collection, social media collection and overseas visit collection. Among them, SMS collection and telephone collection are the most commonly used collection methods for loans in Heng Chang.

Some borrowers will repay themselves within a certain period of time because they forget to repay for a while. For such borrowers, Heng Chang loans will not be charged. Short message collection is generally used for borrowers with less overdue days and less debts. Telephone collection is more flexible than other collection methods and suitable for borrowers with different overdue aging.

Letter collection is similar to SMS collection. When the borrower fails to fulfill the repayment obligations on time, accumulated to a certain period or other circumstances occur, Hengyi Loan will send a written document such as a reminder letter to the borrower. Social media collection is to contact borrowers through WeChat and QQ.

Under normal circumstances, for borrowers who are overdue for more than 30 days and owe a large amount of money, Heng Chang Loan may send a collection team for collection. However, overseas inspection is expensive and generally uncommon.

Judging from the loan amount, the loanable amount of auxiliary loans in Heng Chang is relatively high, but this is related to the business certificate provided by it. Only the better the business, can we get more loans. The maximum amount of employment-related loans in Heng Chang is 500,000. The loan of Changheng Henglou is only 300,000.

If Heng Chang's loan application is not returned in time, it will be penalized. At present, although it will not be blacklisted directly by the People's Bank of China, if the overdue amount is relatively large, it may even be characterized as malicious overdraft, which constitutes fraud. As long as all the arrears can be settled quickly before the judgment, your criminal punishment can be effectively reduced.