How long will it take to return the coin jar 998?

1. Faced with high penalty interest (interest is calculated in days) and liquidated damages. Will also be owed by the bank (at first, phone calls, text messages, emails. Later, there may be a reminder to follow the reminder every day)

2. If the arrears are not paid back, the bank will sue the court. The "repayment award" is pronounced by the court, and the court's notice of judgment will be directly distributed to the debtor's home. If you don't want to, you have to. If the amount is large and the circumstances are serious, the court will seal up the real estate or other assets of the debtor. If you persist in being a deadbeat, you will be sentenced to jail.

3. If you are sued, your assets may be sealed up. Financial institutions will also arm themselves with laws. If you don't pay back the arrears, if the amount is relatively large, you will be prosecuted. Once the court has pronounced the sentence, even if you are 1 reluctant, you must implement the "repayment ruling". Otherwise, the court will seal up the property under your name according to law and repay the arrears with the proceeds from the auction.

the legal methods of collection are as follows

1. Solution

When the creditor's right is due or about to expire, if the debtor is temporarily unable to repay the debt but has the sincerity to repay it, the creditor can negotiate on the time limit, method and amount of debt performance equal to that of the debtor, and urge the debtor to perform the debt or sign a repayment agreement.

if the creditor's right is secured by mortgage or provided by a third party, the creditor can negotiate with the mortgagor or guarantor, or ask a third party to "match the bridge" so that the mortgagor can pay off the debt with sufficient mortgaged assets, or the guarantor can pay off the debt, and ask the debtor to provide a guarantee.

a guarantee is a credit guarantee, which requires the debtor to provide a credit guarantee of the relevant company acceptable to us and issue a written letter of guarantee. If a lawsuit is brought, the guarantor can be listed as a co-defendant, and the guarantor shall be jointly and severally liable for the debtor's debts. It can be mortgaged or pledged. Guaranteed by real estate is called mortgage; To guarantee with movable property or rights is called pledge. Once a lawsuit is filed in the future, the creditor may apply to the court to seal up, auction or sell off the mortgaged (pledged) property and receive priority compensation. Even if the debtor goes bankrupt, the creditor who has accepted the mortgage (pledge) guarantee is still superior to other ordinary creditors in the priority of compensation for the mortgage (pledge).