Will you freeze the property if you can't pay it back?

Legal analysis: No, 1, high fines and liquidated damages. After loans overdue, in addition to interest and principal, we have to pay high penalty interest and liquidated damages. 2. Leave a personal credit stain. Overdue records will be left on the credit report. Even after repayment, overdue records will be kept for five years. Overdue records will affect almost all the subsequent financial activities of the overdue person. 3. The institution that receives SMS and phone call will send SMS and phone call continuously to collect overdue funds, inform the borrower of the serious consequences of overdue, and order the borrower to return overdue principal and interest within a time limit.

Legal basis: Article 16 of the Regulations on the Administration of Credit Information Industry stipulates that the retention period of personal bad information by credit information agencies is five years from the date of termination of bad behavior or incident; For more than five years, it shall be deleted. During the retention period of bad information, the information subject may explain the bad information, and the credit reporting institution shall record it.