Yixin has been overdue for nearly a year. Will he be prosecuted?

According to the relevant laws and practices in China, if Yixin fails to repay the loan within one year, he may be sued. The following is a detailed explanation of this conclusion:

1. Legal liability: According to the Contract Law of People's Republic of China (PRC) and relevant laws, the borrower's overdue repayment is a breach of contract, and the borrower is obliged to bear corresponding legal liabilities.

2. Loan contract clauses: Loan contracts usually contain clauses on overdue repayment, and clearly stipulate the consequences of overdue repayment. According to the contract, the borrower's overdue repayment may lead to interest increase, penalty interest, fines and other expenses, and the lending institution has the right to take legal measures to recover the debt.

3. Credit record damage: overdue repayment will have a negative impact on the borrower's credit record. Overdue repayment is recorded in the personal credit report, which may lead to the decline of the borrower's credit rating, thus affecting future credit loan applications and other financial services.

In a word, if Yixin can't repay the loan within one year, he may face the risk of being sued. The borrower should communicate and negotiate with the lending institution as soon as possible, and try to find a reasonable repayment arrangement to avoid further legal risks and credit losses.

Extended data:

According to China's legal system, the lending relationship is a civil act, and the rights and obligations between the borrower and the lending institution are protected by the relevant contract and legal provisions. Legal disputes caused by overdue repayment usually need to be resolved through litigation, and the court will judge the liability for breach of contract and the amount of compensation according to the specific circumstances.

In case of overdue repayment, the borrower shall contact the lending institution in time, explain the reasons, propose a repayment plan or seek other relief methods. Reasonable and effective communication and consultation will help to avoid the escalation of disputes and legal consequences.

It is worth noting that this answer only provides a general explanation, and the specific results still depend on many factors such as specific contract agreements, laws and regulations, court decisions and so on. When faced with similar problems, I suggest you consult a professional lawyer or relevant legal institutions for specific legal advice.