What if Gongxin says he will sue me?

Legal analysis: overdue will affect credit reporting. Those who fail to pay back within the time limit will be blacklisted. The consequences of loans overdue:

1, generate penalty interest Although the policy of every banking institution is the same, as long as it is overdue, it will generate penalty interest, that is, a certain percentage of interest will be added on the basis of the original interest.

2. After the credit report is included in the list of dishonesty and affects future loans and house purchases, it will inevitably leave a bad record. If the circumstances are serious, it will not only be included in the list of untrustworthy executors, but also affect future real estate loans. After being included in the list of people who have lost their trust, they will face a series of behaviors of "restricting high consumption". In addition to what I often hear, I can't fly by train, I can't stay in star-rated hotels, and I will face restrictions on buying real estate.

Legal basis: Article 3 of the Regulations of the Supreme People's Court on Restricting the High Consumption of the Executed Person stipulates that if the executed person is a natural person, after being restricted from high consumption, he shall not commit the following acts of paying expenses with his property:

(a) when taking the means of transportation, choose the second class or above of the plane, train soft sleeper and ship;

(two) high consumption in hotels, hotels, nightclubs, golf courses and other places above the star level;

(three) the purchase of real estate or new construction, expansion, high-grade decoration of housing;

(four) leasing high-grade office buildings, hotels, apartments and other places to work;

(5) Purchasing non-essential vehicles;

(6) tourism and vacation;

(seven) children attending private schools with high fees;

(8) Paying high premiums to purchase insurance wealth management products;

(nine) other high consumption behaviors that are not necessary for life and work.

If the person subjected to execution is a unit, it is forbidden for the person subjected to execution, his legal representative, the principal responsible person and the person directly responsible for affecting the performance of debts to carry out the acts specified in the first paragraph of this article with the unit property after being restricted from high consumption.