Consumer Finance Cai Fuying, applied for a scheduled hearing time: 15:00 pm on July 12, 2021. The letter has been delivered. This is

This is not true. It is subject to receipt of a court summons. Generally, the platform itself edits and sends you a reminder.

However, it is best to repay the loan as soon as possible. If you really cannot afford it, you can negotiate with the platform before repaying it.

Delay in fulfilling repayment obligations will result in the following legal risks:

1. Loan contracts with high penalty rates generally have breach of contract regulations and provisions on penalty interest. If the borrower repays on time The borrower only needs to repay the principal and interest normally. Once the borrower defaults, the borrower needs to pay corresponding liquidated damages or penalty interest according to the contract.

2. Invite lawsuits. If the borrower fails to repay the money, the lending institution can file a lawsuit in court. If the borrower loses the lawsuit, not only will his assets be auctioned to repay the debt, but he will also have to bear legal fees. , preservation fee execution fees, attorney fees and other expenses. If your house is not enough to repay the bank loan after the auction, the bank has the right to freeze your bank property. If the borrower refuses to repay, it may be blacklisted. Generally, if you are on the blacklist of persons subject to execution, your consumption will be affected. limit.

3. Personal credit reporting is affected. Now many lending institutions have connected with the credit reporting system of the People's Bank of China. The credit stains of borrowers' non-repayment will soon be uploaded to the central bank's credit reporting system. In this way, if you want to pass It will be difficult to get loans from other lenders. The duration of a bad credit record is five years. The bad record can only be eliminated by paying off the loan within five years. This means that once the borrower fails to repay the money, it will be difficult to get a loan or apply for a loan from the bank in the next five years. to a credit card.

4. Work may be affected. Nowadays, civil servants, enterprises and institutions and other better working institutions will check personal credit reports. If there is a problem with your credit report, it will undoubtedly be affected to a certain extent.

5. You will be subject to crazy collections. If the debt is not repaid, the bank will entrust a collection company to collect the debt. In addition to bombarding you with frequent phone calls, the collection company may also send staff Door-to-door behavior, etc., will have a very bad impact on your life and work, as well as on your family and friends.