Overdue loans have not been collected for three years?

Yes, it is possible to confiscate overdue loans for three years. The specific reasons are as follows:

1. Creditor's negligence or omission: Creditors may have missed the collection procedure in a busy or negligent situation. This may be caused by internal management problems, personnel turnover or communication problems.

2. Small amount of debt: If the amount owed is relatively small, creditors may be unwilling to spend time and resources on collection. They may think the cost is too high to recover.

3. The debtor hides his whereabouts: the debtor may intentionally or unintentionally hide his whereabouts, making it difficult for creditors to find and collect.

4. Limitation of legal procedures: According to China's legal procedures, debt collection needs to be carried out in accordance with certain legal procedures. This may involve steps such as prosecution, court trial and enforcement. If the creditor fails to take these legal actions, it may lead to long-term delay in collection.

Summary:

It is not common for loans overdue not to collect money for three years, but there are some possible reasons, including the negligence of creditors, the small amount of debts, the unknown whereabouts of debtors, and the limitation of legal procedures. Debt collection is a complex task involving many considerations and steps.