In loans overdue, a rural commercial bank, how long will it take to repay the loan before it becomes a black name?

Those who are overdue for more than 3 days will be reported. It is recommended to repay as soon as possible.

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 it in installments;

2. If the lending institution fails to perform the judgment of the court within the performance period after suing the court and winning the case, it will apply to the court for enforcement;

3. When accepting enforcement, the court will inquire about the real estate, vehicles, securities and deposits under the name of the lender according to law;

4. If the lender refuses to perform the effective judgment of the court because there is no enforceable property under his name, negative information such as overdue repayment will be recorded in the personal credit report, which will restrict high consumption and entry and exit, and may even lead to judicial custody.

Consequences of loans overdue, a Rural Commercial Bank

First of all, personal loans will not tarnish your credit history. A bad credit record will be a stumbling block to your next loan. Moreover, if the loan is not repaid at maturity, the bank will still calculate the daily interest. The longer you delay, the higher the interest will be. If you have money, you still have to repay it on time, so it will be easier to need a loan in the future. After the deadline, the bank will send a text message to remind the borrower to repay the loan, or a bank staff member will call for a reminder. If you don't pay it back, there will be a bank staff to call for money. I believe many friends will repay on time, but if the borrower still fails to repay in this case, the bank will solve it through legal means. Suppose you apply for a mortgage loan, and your collateral may face auction. The auction money is first used to repay the remaining principal and interest, legal fees, attorney fees and other expenses. If there is any remaining amount, it will be returned to the borrower in full. This process takes at least three months before assets can be cashed in. During this period, the borrower can raise funds, win the battle for assets, and let the lending institution withdraw the lawsuit with the return of funds. Some people say, I don't mortgage, see what the bank will do with me. Credit loans are the same as mortgage loans. If the borrower has no collateral, he needs to repay the loan with assets in his own name. Therefore, friends who apply for loans still repay in full and on time in accordance with relevant regulations. As the saying goes, "it is not difficult to borrow after borrowing", and so is the loan. Failure to repay the loan will lead to the default interest of ordinary people, leave a bad credit record and bring huge economic losses to enterprises.