Is every second installment reliable? How much is the interest

Second installment is unreliable. Its interest is not fixed but changes according to your loan amount. At the same time, you need to pay money after the loan before you can withdraw money.

The consequences of not repaying the loan:

Failure to repay the loan from the bank will first affect your personal credit score and leave a stain on your life. If you want to apply for a credit card or online loan in the future, It’s impossible. Because now the "Credit Union" has been established, banks and online lending institutions can check your credit report, and how much money you owe at any time and where. From now on, you can fly, take high-speed rail, and stay in hotels. Influence.

When the debt is not repaid at the beginning, if the circumstances are not serious and the loan is not repaid, the lending institution will call you to remind you. If the loan is not repaid multiple times, the bank will send you a text message or phone call. Call for payment. If you are still willing to pay back the money after sending text messages and making phone calls, then the bank will find a third-party debt collection company to come to your workplace and home to collect the money.

When large amounts are involved, the bank will sue the bank for long-term default. When the bank files a lawsuit in court, the user will receive a lawyer's letter or a court summons. At this time, the court will freeze the user's assets, including houses, bank accounts, cars or company assets. When there are funds in the bank account, they will be used to offset your arrears and lawyer litigation fees. If there is no money in the bank account, the court will publicly auction the assets in your name to offset the debt. In the end, those who owe money to the lender still cannot escape legal sanctions.