Won't small loans be credited?

No, there are the following legal consequences: 1, penalty interest and liquidated damages; 2, credit damage, once overdue, a high probability will be reported to the central bank credit information system; 3. Collect by various means; 4. Being seized, assets may be seized; If the circumstances are serious, you will go to jail. Article 5 of the Provisions of the Supreme People's Court on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases stipulates that if a people's court finds that private lending itself is suspected of illegal fund-raising, it shall make a ruling to reject it. It is a new loan method, which is often suitable for some private enterprises. When choosing, you should choose relevant enterprises with formal qualifications. If you don't pay it back, you will be added to the credit list, and there will be very high interest. If you choose, you must repay on time.

Legal basis: Article 67 1 of the Civil Code of People's Republic of China (PRC). The consequences of the lender's failure to provide loans as agreed and the borrower's failure to collect loans as agreed. If the lender fails to provide the loan according to the agreed date and amount, thus causing losses to the borrower, it shall compensate for the losses. If the borrower fails to collect the loan according to the agreed date and amount, it shall pay interest according to the agreed date and amount.

No, what will happen?

It has always been the most popular loan type in the loan industry. Many people will apply for small loans online if they are short of money. Generally speaking, after the loan is successful, most people will keep the good habit of repayment on time, but many people will still be overdue. Then, if you don't pay back, what will be the consequences of overdue repayment? Next, let's talk.

Consequence 1. Encounter penalty interest and liquidated damages.

If the loan is not repaid, the first thing you encounter is a high penalty interest. Some financial institutions need you to pay liquidated damages on the basis of penalty interest. These expenses add up to a lot of money.

Consequence two. Credit damage

If you borrow money from the bank and fail to pay it back within the time limit, your personal credit report will be stained, and it will be more difficult to apply for credit cards and loans in the future. Even if the company is not included in the credit report, there is a "blacklist" system that * * * enjoys in the circle. If a company does not pay back, it will be difficult to approve other loans.

Consequence 3: being collected by various means

Banks and small loan companies have their own collection systems. Novices will send you text messages and call you to collect money. In serious cases, there will even be a collection staff pressing you around the clock, which will seriously disrupt your work and life.

Consequence 4. Assets may be seized.

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 paid. Once the court makes a verdict, even if you are reluctant, you must execute the Repayment Decision, otherwise the property under your name will be sealed up according to law, and the proceeds from the auction will be used to repay the arrears.

Consequence 5. If the circumstances are serious, you should be punished.

Generally speaking, such incidents as borrowing money and not paying it back are civil and will not rise to the criminal level. However, if the borrower refuses to implement it, it will be considered as a deadbeat and would rather run away than pay back the money. If the circumstances are very bad, the borrower will be investigated for criminal responsibility, and if the circumstances are too serious, it will be punished.

The above is an introduction to the consequences of non-repayment. I want to remind you that no matter whether the lending institution grants credit or not, no matter the amount of the loan, everyone should keep the good habit of repaying on time, and don't maliciously overdue, resulting in adverse consequences.

What are the consequences of not repaying the loan?

The consequences of not returning credit information are as follows:

Consequence 1: penalty interest and liquidated damages. If the loan is not repaid, the first thing you encounter is a high penalty interest. Some financial institutions need you to pay liquidated damages on the basis of penalty interest. These expenses add up to a lot of money.

Consequence 2: Credit damage. Even if the company is not included in the credit report, there is a "blacklist" system that * * * enjoys in the circle. If a company does not pay back, it will be difficult to approve other loans.

Consequence 3: being collected by various means. Banks and small loan companies have their own collection systems. Novices will send you text messages and call you to collect money. In serious cases, there will even be a collection staff pressing you around the clock, which will seriously disrupt your work and life.

Consequence 4: Being seized, assets may be seized. 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 paid. Once the court makes a verdict, even if you are reluctant, you must execute the Repayment Decision, otherwise the property under your name will be sealed up according to law, and the proceeds from the auction will be used to repay the arrears.

Consequence 5: If the circumstances are serious, you will go to jail. Generally speaking, such incidents as borrowing money and not paying it back are civil and will not rise to the criminal level. However, if the borrower refuses to implement it, it will be considered as a deadbeat and would rather run away than pay back the money. If the circumstances are very bad, the borrower will be investigated for criminal responsibility, and if it is too serious, it will go to jail.

Consequences of non-repayment of loans

The consequences of not repaying the loan mainly include the following:

1. Impact on personal credit: Some products were collected at the meeting. If you always owe money, the bad record will be kept in the personal credit report for five years, which will directly affect the bank loan business and daily life.

2. Increase personal liabilities: the interest is high. If the repayment is overdue, high penalty interest and liquidated damages will be charged. In this way, the repayment amount will be more and more, and eventually it will not be repaid.

3. Become an online blacklist: Online loans that do not receive credit information will upload the lender's overdue records to online credit information. In addition to docking with big data, online credit reporting also cooperates with some well-known credit reporting agencies such as Sesame Credit and Xiaobai Credit. Once on the online loan blacklist, it will be difficult to apply for online loan products.

4. Encounter violent collection: Collection mainly includes SMS collection, telephone collection, address book explosion and other means, which not only affects the daily life of borrowers, but also affects relatives and friends around them.

5. There is a risk of being taken: when the amount owed is too large, there is also a risk of being taken. Once the repayment is made, the borrower will be forced to run for repayment, otherwise the repayment of the property under his name will be frozen.

No. What are the consequences?

The consequences of not returning it are as follows:

1. Bad credit records will affect future loans and credit cards, and future mortgages and car loans will be affected.

2. You can't enjoy preferential loans or even apply for loans.

3, close the blacklist, children can not go to key schools, and there will be more penalties in the future. It can be said that life will be difficult.

4. If the personal career is affected and overdue for more than 90 consecutive days and the circumstances are serious, the bank or school will publish the ID number and overdue information in the media or notify the work unit.

5. If the circumstances are serious, they will be punished by law.

legal ground

According to Article 3 13 of the Criminal Law, those who refuse to execute the judgment or ruling of the people's court, if the circumstances are serious, shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or fine; If the circumstances are especially serious, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than seven years and shall also be fined.

No, what will happen in the end?

Within a certain period of time after the loan expires, the bank will notify the borrower to repay by dunning. If the borrower still fails to repay the loan, the bank will send a special person to negotiate and solve it. However, if there is cheating during the loan period, it is suspected of loan crime.

What are the consequences of the loan money?

1. If it is really unable to repay, it shall negotiate with the lending institution to extend the repayment period or repay by installments.

2. If the lender fails to perform the judgment within the performance period after winning the case, it will apply for enforcement.

3. When compulsory execution is accepted, the lender's property, vehicles, securities and deposits will be inquired according to law.

4. If the lender has no property to enforce, refuses to perform the effective judgment, overdue repayment and other negative information will be recorded in the personal credit report, and will be restricted from high consumption and entry and exit, and may even be punished by judicial custody.

Extended data:

It is a comprehensive consumer loan with individuals or enterprises as the core. The loan amount is generally between 1 10,000 yuan and 200,000 yuan. The treatment process generally needs to be guaranteed. It is an extension of microfinance in technology and practical application. In China: Mainly serving agriculture, rural areas and small and medium-sized enterprises.

The establishment of the company rationally pooled some private funds, standardized the private lending market, and effectively solved the financing difficulties of agriculture, rural areas and small and medium-sized enterprises. At present, there are also personal quotas for office workers, which generally range from 1 1,000-50,000 yuan. Most of them don't need mortgage, but the credit and information review is strict.

Although there are still various problems in China's microfinance industry, with the change of social environment, the gradual improvement of system guarantee and the emergence of professional credit institutions and services, microfinance has also ushered in opportunities for innovation and development. With the gradual popularization of P2P abroad, the domestic P2P industry is also booming, and an enhanced version of P2P lending model-P2C model has emerged.

"P2P" means "person-to-person", which is a new generation of private lending form closely related to innovative technologies and financial models such as the Internet and microfinance. It provides transparent, open, direct and safe micro-credit transactions for familiar or unfamiliar individuals to the maximum extent.

"P2C", namely PeertoCompany, is an enhanced version of the traditional P2P lending model. It provides investors with a new investment channel with real controllable risks and competitive returns, which is strictly limited to small and medium-sized enterprises with good entity operation, loan demand and fixed assets mortgage at the source of loans.

Since the rise of P2P in China in 2009, the development of the whole industry has achieved rapid development, and various P2P enterprises with China characteristics have gradually formed.

P2P enterprises in the market can be roughly divided into three types:

First, the combination of online and offline mode, Nuo Nuo pound customer belongs to this mode, Nuo Nuo pound customer has obtained the certification of authoritative organization and bank fund custody, and is a leading enterprise in the industry;

The second is pure offline business, which is a more traditional practice. Such companies generally make a simple website for business display, and the real business depends on sending a large number of salesmen to expand offline. CreditEase is such an enterprise, which has certain risks; Third, similar to the auction loan, it belongs to the pure online mode, and all the loan targets are judged by the customers themselves.

The development of P2C mode in China is still immature, and Ai Investment is the first Internet microfinance platform operating in P2C mode in China.