What will happen to Asia Union Finance in 9 years?

The consequences of not paying back the loan debt are: bearing overdue interest, being sued by the lender, and not paying back the loan after the court's decision, which will be included in the list of dishonesty and limit high consumption.

As long as the borrower is overdue, personal credit will be damaged, and this record will be kept for 5 years. During this period, if the bank credit business is to be handled, the auditors will focus on checking the credit records. If the loan is in arrears for a long time, it will lead to the formation of bad debts, which can basically be regarded as black households. Generally speaking, after the loan is overdue, the banking institution will immediately arrange for people to notify by phone or SMS. Although there will be no violent collection, there will be some phone calls. If it is overdue for a long time, the bank may outsource the debt to a third party company, and the daily life of the borrower will be affected to some extent.