The finance is coming soon, and the lawyer in the legal department said that he would sue me.

Absolutely false, loan fraud and contract fraud are handled by the public security organs first, not the legal department. Moreover, the Shenzhen Legal Department, at first glance, is a self-made department. It will immediately send a lawyer's letter or a reminder letter to tell you when to repay the loan. If you don't pay back the money, the most they can do is go to court to sue you for not paying back the money. The court will issue a subpoena to you, and it will issue a subpoena in the name of a loan dispute. Loan fraud and contract fraud here are two crimes in the criminal law. Loan fraud generally means that the borrower borrows money from formal financial institutions such as banks by fabricating facts and concealing the truth. After the loan is overdue, the borrower does not pay it back, or there is no idea of repayment at all when borrowing. Only when I reach a particularly large amount can I do it. Thousands of dollars generally does not constitute a crime.

Punishment of loan fraud

General punishment

If a natural person commits this crime, his property shall be confiscated.

A serious situation

The so-called serious circumstances refer to the huge amount or other serious circumstances. Among them, the amount is huge. According to the relevant judicial interpretation, it refers to the loan fraud amount of more than 6,543,800 yuan. Other serious circumstances refer to one of the following circumstances: (1) paying a large amount of bribes to the staff of a bank or financial institution in order to defraud loans; (two) squandering loans, or using loans for illegal activities, resulting in loans that cannot be repaid when they expire; (three) concealing the whereabouts of the loan and refusing to repay it after the expiration of the loan period; (four) to apply for a loan by providing false guarantee, and refuse to repay it after the expiration of the loan period; (five) to apply for a loan in the name of others, and refuse to repay the loan after the expiration of the loan period.

The circumstances are particularly serious.

The so-called circumstances are particularly serious, which means that the amount of fraudulent loans is particularly huge or there are other particularly serious circumstances. According to the explanation, the former means that the amount is extremely huge, that is, the amount of loan fraud is more than 200,000 yuan. The latter, that is, if the circumstances are particularly serious, refers to one of the following circumstances: (1) bribing the staff of banks or financial institutions for the purpose of defrauding loans, and the amount is huge; (2) absconding with money; (three) the use of loans for criminal activities.