The consequences of borrowing Heng Chang and not paying it back

according to the inquiry law, we know that the consequences of borrowing Heng Chang and not returning it are as follows:

(1) being collected by the staff. In order to recover the lent funds, financial institutions will send staff to collect the borrowers. These staff often keep calling the borrower's phone and sending short messages to the borrower's mobile phone to urge the borrower to repay as soon as possible. Individual collection staff will also send collection messages and make collection calls to the borrower's relatives and friends.

(2) affecting your own credit information. If the borrower still fails to repay after the repayment grace period expires, the financial institution will report the overdue record to the central bank's credit information system. The borrower's personal credit report will leave a stain, which will affect the borrower's handling of various financial businesses in the future.

(3) may be prosecuted. If the borrower's overdue behavior is very bad, the financial institution may bring a lawsuit to the court. If the borrower loses the case, the financial institution may apply to the court for enforcement. The court will inquire about the property under the borrower's name according to law to pay off the arrears, including real estate, cars, deposits, securities and so on. If there is no executable property in the borrower's name and the borrower refuses to perform the effective judgment of the court, the borrower at this time is often called "Lao Lai". Borrowers will be included in the list of untrustworthy executors, restricting borrowers from making high consumption and entering and leaving the country.

(4) may be found guilty. If the borrower has the ability to execute the judgment of the court and refuses to execute it, then the borrower may be deemed as refusing to execute the judgment or ruling. If the borrower maliciously overdraws the credit card, it may be identified as credit card fraud.