If you sign a contract, it has legal effect.
If the repayment is overdue, it will first affect your personal credit and your future life and work. And the longer the overdue time, the higher the overdue fee and the greater the burden.
If you are in loans overdue, a special collection staff will contact you. If you don't repay the loan, it will affect your family and friends.
Those who are seriously overdue will be prosecuted, so they still have to pay back the arrears in time.
If a lending institution or bank fails to perform the court's judgment within the performance period after suing the court and winning the case, it will apply to the court for enforcement.
When the court accepts enforcement, it will inquire about the real estate, vehicles, securities and deposits under the name of the lender according to law.
If the lender has no executable property under his name, refuses to perform the effective judgment of the court, and the negative information such as overdue repayment will be recorded in the personal credit report, and will be restricted from high consumption and entry and exit, and may even be punished by judicial custody.
Those who have the ability to refuse to execute are suspected of refusing to execute the judgment or ruling.