Won't Ping An Easy Loan bear legal responsibility, and what measures will they take?

1. As long as the repayment is not made in full and on time, the bank has the right to sue, but generally all kinds of dunning are followed by prosecution. The consequences of the collapse of Ping An Easy Loan are as follows: First, there will be bad credit records. Secondly, there will be overdue penalty interest. Finally, if the borrower refuses to repay, he will be sued.

2. If the borrower fails to repay the loan within the time limit, Ping An Property & Casualty, as the guarantor, needs to repay the loan institution. Although the loan has been repaid, the insurance company that paid the loan will not give up the creditor's rights easily, and will put pressure on the borrower to recover the loan through various collection means. If the borrower still refuses to repay the loan, he may be sued to the court, and the insurance company can finally recover the loss through legal channels.