The living expenses of the US Mission are overdue 12 days. I sent a text message saying that the relevant materials have been submitted to the people's court. Is it true?/You don't say.

The US delegation said that the prosecution may not be true. Because most lending platforms will not easily sue borrowers, after all, prosecution requires a lot of financial and material resources. In fact, this is probably just a means of collection by the US Mission. But overdue payments should be made as soon as possible.

Loans overdue usually refers to the phenomenon that after the loan expires, the borrower fails to repay the principal and interest of the loan to the bank that issued the loan according to the loan term agreed in the loan contract, and fails to go through the relevant extension or lending procedures, resulting in the loan exceeding the agreed term.

Overdue repayment refers to the situation that the final repayment period stipulated by the bank is exceeded and the consumption money is not deposited in the designated account in full and on time. Overdue interest will be generated, which will affect the credit information, and in serious cases, it will be prosecuted by the court and imprisoned.

If it is a loan dispute with a financial institution as the lender, the losses caused by the debtor's default and the creditor's default are mainly the interest calculated according to the bank's overdue loan interest rate and the expenses incurred by recovery.

Under normal circumstances, the loan interest agreed by both parties is slightly higher than the bank loan interest rate for the same period. The agreement is the true meaning of both parties. The debtor can also foresee that the people's court shall support the interest on the loan slip if it meets the interest rate of overdue loans stipulated by the People's Bank of China.