What should I do if I cannot repay the Ping An Puhui loan?

What will be the consequences if Ping An Puhui loan is not repaid?

Ping An Puhui will report the overdue situation to the People's Bank of China for credit reporting, so if the loan is overdue due to non-repayment. A bad credit record will be left on the borrower's credit report, resulting in personal credit damage. If you are caught because your loan is not repaid, you can report it to the Supreme People's Court and enter the "list of dishonest persons subject to enforcement", also known as the "list of dishonest people", and you will be banned from traveling by plane, high-speed rail, etc. Certain collection measures will also be taken. During the initial phone call, if the loan cannot be repaid, you can explain your actual situation to the bank and try to apply for an extension. This depends on the regulations of different banks;

Moreover, first of all, you can apply for an extension based on your repayment situation. Choose the installment repayment time to reduce personal repayment pressure; if you cannot repay in installments and you have no money to repay, you can explain to Ping An Puhui that you are willing to repay, but you are unable to repay due to financial problems, and try to postpone the repayment. time; in addition, you can negotiate with Ping An Puhui to extend the repayment and sign a deferred repayment contract. If Ping An Puhui cannot repay the money, remember not to stop repayment voluntarily, so as not to affect your personal credit score or even be affected by Ping An Puhui. On the surface, they appear to be willing to repay, and the best solution is to negotiate repayment. Ping An of China is a lending institution under Ping An Group of China, which mainly provides loan services to small and micro enterprises and individuals. If you apply for a Ping An Puhui loan and fail to repay it, the consequences will be very bad. Ping An has a dedicated post-loan management center, which is not outsourced and is a position within Ping An’s establishment. The salary of these post-loan center customer service staff is proportional to the amount achieved in collections. If the corresponding amount is less, she can only get the basic salary.

In addition, if you still have the ability to repay, then try to repay it. If you can't repay, don't delay telling the other person. You are temporarily unable to repay. There is nothing to escape from. You just can’t pay it back temporarily. The collection methods implemented by normal online loan platforms are relatively formal. First, the borrower is notified by text message (note that the borrower is not a family member or friend of the borrower), then the staff comes to the door, and finally the judicial process is followed. This is the most formal way. If you encounter this kind of collection, you must pay it back in time. As long as this method of collection is not used, most of them are suspected of being illegal.

What should I do if my Ping An Bank loan cannot be repaid?

If you can’t pay off the Ping An Bank loan, you can borrow it from relatives and friends, and you’ll be fine if you make up the money as soon as possible. Otherwise, if Ping An Bank cannot repay the loan, it will be collected by Ping An. As long as the debt is not repaid, the collection will not stop. Your credit record will also be uploaded, your credit score will be lowered, and subsequent borrowing will be negatively affected. Moreover, after the loan is overdue, you will not only have to bear interest, but also liquidated damages. It is better to repay on time.

What to do if the Ping An Insurance loan is not enough?

1. Borrow money from relatives, friends, and parents to repay the loan. At the same time, save money and reduce expenses. This is the most direct and The most effective solution.

2. Apply for a reduced amount and pay off the amount. After applying for a reduced amount and pay off, the insured amount of your insurance will be reduced. At the same time, the lender can negotiate with the bank and stipulate that only interest will be paid temporarily and no principal will be repaid.

3. Contact the lending institution and apply for deferred repayment or installment repayment. If you find that you cannot pay back the money, you must contact the lending institution in time and negotiate a solution. You cannot wait until the loan is overdue to find a solution.

1. What are the consequences if the policy loan is not repaid?

1. The lending institution will call for debt many times, requiring the borrower to repay the loan, and may even sue the lender.

2. A certain amount of penalty interest will be generated, which will increase the borrower's repayment pressure. The longer the loan is in arrears, the penalty interest will become larger and larger, and the loan may not be repaid in the future.

3. If you do not repay your insurance policy, many of them may be reported to the central bank for credit reporting by lending institutions, which will record bad credit. Once your personal credit reporting is stained and you want to borrow again in the future, it will be very difficult. It’s difficult;

4. If the borrower has no money to repay, when the sum of the loan interest and principal is equal to the cash value of your policy, the cash value of the policy will be used to offset the loan interest and principal. If the principal is lost, and the policy is terminated and no longer provides any protection, your insurance will be in vain.

2. Ping An Insurance Policy Loan Conditions

1. Age 25-55.

2. Customer’s household registration, work, and residence information; one of the three items must be local.

3. For Taikang, Xinhua, China Life, and Ping An of China, policyholders have paid regularly for more than 3 years, and there has been no interruption in payment during the payment period. There has been no change in policyholders in the past year.

3. Notes on Ping An Insurance Policy Loans

Ping An Insurance stipulates that within the validity period of the main insurance contract, with the consent of Ping An Insurance Company, customers can apply for policy loans from the company, with a maximum loan amount of It is 80% of the cash value of the policy at that time. The emergence of this loan project is also to meet the needs of many insured customers. Applicants applying for Ping An Insurance personal loans must be the policyholders of the insurance. In addition, when the policy holder and the insured are not the same person and the insured does not authorize the policy, authorization from the insured is required. Finally, when applying for this loan, you need to meet the conditions such that you can apply for the loan and the main insurance has no surrender rules. When applying for a personal loan from Ping An Insurance, you need to submit corresponding information. When the policy holder and the insured are the same person, you need to submit an insurance contract change application (policy loan/repayment type); the policy holder’s identity document; and the account name is the policy holder’s name. current settlement account. When the policy holder and the insured are not the same person, an application for change of the insurance contract (policy loan/repayment type) needs to be submitted (if the insured does not authorize it, the signature of the insured is required); the policy holder’s identity document; and the policyholder’s name is Current settlement account in the name of the insured; identity document of the insured. If you entrust a salesperson to handle the loan, you need to submit a separate power of attorney. In addition to Ping An Insurance, which can directly apply for loans, Ping An Puhui has also launched a life insurance loan business. It is aimed at all life insurance customers. By submitting corresponding information, you can apply for a loan of up to 150,000 yuan.

What to do if the Ping An Puhui loan cannot be repaid

When the Ping An Puhui loan cannot be repaid, you can borrow money from friends around you or apply for an extension to the platform. Usually users explain their difficulties. Will get an extension later. In order to avoid being unable to repay on time after borrowing money from Ping An Puhui, users must measure their repayment ability when applying for a loan and know what kind of income they will use for repayment.

Ping An Puhui can provide users with different types of loans. Common ones include car owner loans, life insurance loans, salary loans, home e-business loans, homeowner loans, etc. Different loans require different conditions. Users can choose according to their actual situation, and different loans have different credit limits.

It should be noted that if the loan on Ping An Puhui cannot be repaid on time, penalty interest will be incurred. The longer the time, the greater the penalty interest. Moreover, after overdue repayment, the platform will upload overdue records to the credit reference center. , when personal credit becomes bad, it will affect the processing of various loans, such as car loans or housing loans.

Ping An Puhui is the general name of the companies under the associated companies of Ping An Insurance (Group) Co., Ltd. of China that carry out financing guarantee, financing consulting, and other businesses. It is mainly aimed at small and micro business owners, individual industrial and commercial households, and ordinary people. Loan services are provided to the working class.

Version information: Take Ping An Puhui Lu Huirong version 6.60.0, Apple 13 (IOS15.4.1 system), and Huawei mate40 (HarmonyOS2 system) as examples.

What to do if the Ping An loan is not repaid

1. You can try to negotiate with Ping An officials to extend the repayment and extend the loan period to avoid overdue payments.

2. Raise funds from relatives and friends around you, and first pay off the balance of the Ping An loan. After all, overdue Ping An loans will have a negative impact on personal credit.

3. If you have assets such as real estate and cars in your name, it is recommended to mortgage them and pay off the loans that are about to expire first.

What should I do if my Ping An Puhui loan is not repaid?

The solutions to repaying the Ping An Puhui loan are simply the following: negotiate installments, borrow money from relatives and friends, and sell property. If I had known today, why bother in the first place, I shouldn’t have touched online loans at all.

Although the matter has come to this, I still want to sincerely advise you to cherish your life and stay away from online loans. It's not too late to make amends.

1. It is recommended that users contact Ping An Puhui staff in a timely manner to inform them of their current inability to repay, and explain that the overdue payment is not malicious. It is best to provide proof of inability to repay, and try to negotiate an extension or an extension. Installment repayment. If the negotiation can be successful, then the user can repay according to the negotiated agreement. If the negotiation cannot be carried out, the user can only repay according to the original plan.

2. If the negotiation fails, the user can choose to ask relatives and friends around him for help, and repay the loan as soon as possible to avoid the impact of overdue loans on personal credit. 3. In addition, you can mortgage or sell assets in your own name to repay the loan. All in all, you must actively find ways to solve the problem of overdue loans from Ping An Puhui. Avoiding will only make the impact of overdue loans more serious. Not only will there be penalty interest, but Ping An Puhui will also conduct various collections on overdue users, and it will also have an impact on the user's personal credit report.

After the loan expires, if you are unable to repay, you can take the following measures:

1. Apply for deferred repayment: If you have a good attitude and indicate that you only have the ability to repay in the short term, then you can Apply to the bank for a deferral of repayment.

2. Apply for installment repayment: When the repayment amount is too large and the repayment ability is insufficient, you can apply for installment repayment, which can divide the debt into multiple installments and ease the repayment of each installment. pressure.

3. Borrow money from relatives and friends and repay it: If the amount owed is not large, you can first borrow money from relatives and friends to repay the bank debt, and then return the borrowed money afterwards.

4. Discount assets for repayment: When you have jewelry, real estate, vehicles and other property in your hands, you can discount these items and use them to repay bank debts.

What are the consequences of not receiving a loan?

1. Affect the borrower’s personal credit. The borrower's personal credit is affected, which will directly affect the borrower's future loans.

2. If the borrower cannot repay on time, the bank will impose penalty interest penalties on the borrower, resulting in huge repayment pressure on the borrower.

3. When the loan is one month overdue, the bank will send a text message notification. If the payment is overdue for more than three months, the bank will call or visit you to collect payment.

4. If the loan is overdue for more than six months, the bank will send a summons to the borrower's home. On the court date, regardless of whether the borrower is in court or not, the borrower's original mortgage to the bank will be frozen. The collateral for the loan is then auctioned, and the proceeds from the auction will be used to repay the loan.

This is the introduction to the repayment of Ping An loans.