Can the credit loan not be repaid, Zhihu?

What will happen if the credit union doesn't repay the loan?

1. If the repayment is not made, there will be a penalty interest. The penalty interest is calculated according to compound interest, that is to say, the longer the overdue time, the higher the penalty interest the borrower needs to pay. For those with weak repayment ability, further penalty interest will increase their repayment pressure. 2. After the credit union has repeatedly urged repayment, the staff of the credit union can take the borrower to court and let the judgment auction the borrower's assets for repayment. Whether it is a mortgage loan or a credit loan, this can be implemented. 3. Personal credit will be affected. The longer the time, the higher the amount and the greater the impact. In this way, it is very difficult for borrowers to refinance in the future. Lenders may not provide mortgage loans because borrowers have poor credit.

Consequences of non-repayment of loans by credit cooperatives

Measures for credit cooperatives to repay loans:

1. Borrow from friends and relatives: If the loan amount is not large, you can explain your situation to your friends and borrow money from them to repay the loan. Of course, your brothers should also be clear. You should show sincerity, agree on the loan amount and repayment time, write down the debt, and dispel the concerns of relatives and friends.

2. Application for extension: If the lender fails to repay the loan on schedule under special circumstances, it may apply to the bank for extension. Of course, the premise is that there is no bad repayment record before, and explain to the bank why you can't repay on time, and actively show your determination to repay. After obtaining the consent of the bank, apply for a certain extension to buy more time for your repayment.

However, it should be noted that the lender should submit the application one month in advance and obtain the guarantor as the loan guarantee.

Can I not repay the loan? These situations are really possible!

Nowadays, many people choose loans to solve their financial problems. There are many ways and types of loans, and most people can find products that suit their needs. So can the loan not be repaid? These situations are really possible! Let's get to know each other.

I. Loans not executed by me

With the continuous development of the Internet, personal information is flying all over the sky, and privacy leakage is very serious. Some criminals will use our identity information to borrow money. If there is such a "loan", as long as it can be proved that the parties have not applied for a loan and have not received the money, there is no need to repay. If there are overdue records in the credit report, you can also raise objections and explain the situation to the bank for cancellation.

Second, institutions do not have the qualification to lend.

Borrowing institutions must be issued with legal person licenses or business licenses of financial institutions, and approved and registered by the administrative department for industry and commerce. Bank loans are not allowed to give credit loans to bank-related personnel, otherwise they will be regarded as invalid loans, in which case there is no need to pay back the money.

Third, the loan contract is not clearly described.

According to Article 37 of China's Commercial Bank Law and Article 6 of the Regulations on Loan Contracts, a loan contract shall stipulate the loan type, purpose, amount, income, repayment period, method, liability for breach of contract, etc. If the above contents are violated, the contract is invalid and there is no need to repay.

Four, signed a contract, in fact, no loans.

If a contract is signed/signed with a lending institution, but no money is received, in this case, the contract is invalid and no repayment is required.

Verb (abbreviation of verb) invalid loan contract signed by agent

Generally, loan contracts need to be signed in person. If the borrower is unable to attend, the agent will sign the agreement on his behalf. However, if the agent has no right to represent or the agent has signed an agreement, then the loan is invalid and there is no need to repay.

Can sesame credit loan not be repaid? Dare you bear the following consequences?

It can be said that Alipay is like air and water. It has become a necessity in people's life. Using sesame credit loans in Alipay is also the most common thing in people's lives. At this time, many people will think that I am not because I haven't paid the money for a while. Then, can sesame credit loan not be repaid? What are the consequences?

The consequences of not repaying the sesame credit loan are still quite serious, mainly resulting in the following effects.

1, overdue penalty interest

If the sesame credit loan is not repaid, it will generate interest after it is overdue. If it is overdue, it needs to be paid together with the principal and handling fee to recover. Five ten thousandths of a day, ten thousand yuan a day in 5 yuan.

2, reduce the sesame credit score

If the sesame credit loan is not repaid, not only your own sesame credit branch will be affected, but also your relatives and friends will be implicated and your personal reputation will be reduced. If the sesame credit score is lower than 600, you can't apply for a sesame credit loan in the future.

3, resulting in a bad credit record.

Sesame credit loan will not affect personal credit record. Now Alipay Sesame Credit Score has become one of the eight major credit reporting agencies, which has caused adverse effects and will face great resistance when refinancing.

4, affect the loan and card.

Because of the bad credit record, the loan to buy a house and a car will have a great impact, and the interest of the bank installment may also generate more expenses because of your bad credit record. It may be difficult to apply for a credit card again, and even if it is approved, the amount may be low.

5, or punishment.

Sesame credit loan is not light, the amount will be reduced and it will be heavy! If sesame credit loan is not repaid seriously, it may be, just like malicious overdraft of credit card, it may become a credit card crime, but the general amount is not high and the circumstances are not serious, so it will not be so exaggerated!

What will happen to credit loans?

Consequences of non-repayment of credit loans:

1. Encountered penalty interest and liquidated damages. If the loan is not repaid, the first thing you encounter is a high penalty interest. Some financial institutions need you to pay liquidated damages on the basis of penalty interest. These expenses add up to a lot of money.

Second, credit is damaged. If you borrow money from the bank and fail to pay it back within the time limit, your personal credit report will be stained, and it will be more difficult to apply for credit cards and loans in the future. Even if the company is not included in the credit report, there is a "blacklist" system that * * * enjoys in the circle. If a company does not pay back, it will be difficult to approve other loans.

Third, through various ways to collect. Banks and small loan companies have their own collection systems. Novices will send you text messages and call you to collect money. In serious cases, there will even be a collection staff pressing you around the clock, which will seriously disrupt your work and life.

Fourth, assets may be seized. Financial institutions will also arm themselves with laws. If you don't pay back the arrears, if the amount is relatively large, you will be paid. Once the court makes a verdict, even if you are reluctant, you must execute the Repayment Decision, otherwise the property under your name will be sealed up according to law, and the proceeds from the auction will be used to repay the arrears.

If the circumstances are serious, you will go to jail. Generally speaking, such incidents as borrowing money and not paying it back are civil and will not rise to the criminal level. However, if the borrower refuses to implement it, it will be considered as a deadbeat and would rather run away than pay back the money. If the circumstances are very bad, the borrower will be investigated for criminal responsibility, and if it is too serious, it will go to jail.

Liquidated damages refer to a certain amount of money paid by a party to a contract for its breach of contract when it fails to perform or improperly performs the contract.

Liquidated damages are generally divided into punitive liquidated damages and compensatory liquidated damages, both of which belong to the category of security interests. In terms of the amount limit, if the parties agree on liquidated damages, they shall pay the liquidated damages according to the agreement. However, if the above losses need to be appropriately reduced or the following losses need to be appropriately increased, the liquidated damages included in the scope of guarantee shall be subject to the amount finally determined by the people or the arbitration institution.

The subject matter of liquidated damages is usually money, but the parties may also agree that the subject matter of liquidated damages is other property than money.

Classification of liquidated damages

1, according to the basis of liquidated damages, liquidated damages can be divided into statutory liquidated damages and agreed liquidated damages. Statutory liquidated damages are the situation of breach of contract and the amount of liquidated damages directly stipulated by law. As long as one party violates the contract stipulated by law, it shall pay liquidated damages to the other party according to the amount stipulated by law. If the parties agree on liquidated damages, it is agreed liquidated damages. Article 588 of the Civil Code only stipulates the agreed liquidated damages. Agreed liquidated damages are mainly applicable to contractual debts, but it is also appropriate to agree liquidated damages for statutory debts. The agreed liquidated damages can take different forms, such as paying a certain amount of liquidated damages to the other party, or agreeing on the calculation method of compensation for losses caused by breach of contract.

2. According to the purpose of agreed liquidated damages, liquidated damages can be divided into compensatory liquidated damages, punitive liquidated damages and limited liability liquidated damages. When defining whether it is compensatory liquidated damages or punitive liquidated damages, we must first look at the purpose of the parties. Generally speaking, if there are obviously high liquidated damages, or if the liquidated damages do not exclude continuing performance or statutory compensation for losses, it can be considered as punitive liquidated damages, or the agreed liquidated damages are at least partially punitive. The principle of liquidated damages stipulated in Article 588 of the Civil Code is compensatory liquidated damages. If the parties have not agreed or the agreement is unclear, it is presumed to be compensatory liquidated damages.

3. According to whether it is a specific breach of contract, the agreed liquidated damages can be divided into general liquidated damages and specific liquidated damages. The general agreement of liquidated damages means that the parties do not make a specific distinction between breach of contract and generally agree to pay liquidated damages for any breach of contract. Specific agreed liquidated damages refer to the liquidated damages agreed by the parties for different breach of contract, such as liquidated damages for non-performance, liquidated damages for partial performance, liquidated damages for delayed performance, etc. For example, the liquidated damages for delayed performance of the agreement do not apply to other situations of fundamental breach of contract.