Under normal circumstances, borrowers still need to repay their debts. Even if the small loan company goes bankrupt or goes bankrupt, the debt itself has not disappeared. The loan contract between the borrower and the microfinance company is still valid, and the borrower is still obliged to repay the debt according to the contract.
In the case of bankruptcy or bankruptcy of small loan companies, borrowers may need to solve the debt problem through legal channels. The borrower may negotiate with the creditor to seek the adjustment or extension of repayment method. If the borrower is unable to repay the debt, the creditor can take legal measures to recover, such as suing the borrower through the court and applying for enforcement.
It should be noted that due to different regional regulations, the specific situation may be different. Therefore, it is suggested that borrowers should consult professionals in time to understand relevant laws and regulations and take corresponding measures according to specific circumstances when facing the closure or bankruptcy of microfinance companies.
Online loan big data can clearly reflect the user's recent application for online loans, whether online loans are repaid on time, and whether identity information is suspicious. You can use credit inquiry tools such as "Beijian Quick Check" to get a detailed risk report.