Legal analysis: collection is not illegal, only violent collection is illegal. Repay as soon as possible, so as to avoid trouble in collection. If it fails to pay back within the time limit or fails to pay back after two reminders, the parties concerned will be prosecuted. First of all, after repeated dunning, if the parties still do not repay, they will file a civil lawsuit with the court. After the people's court hears the case, if the parties still fail to repay the loan, they can transfer the case to the public security organ for investigation and formally establish it as a criminal case. After investigation, the public security organ will transfer the case to the procuratorate for public prosecution. Legal way to collect debts: 1. Sign a repayment agreement with the other party. If the other party does not deny it, but delays the repayment under various excuses, then it can sign a repayment agreement with it to clarify the repayment method and time limit. 2. It may also be agreed with the other party that if the debtor fails to repay the debt at maturity, he may apply to the court for compulsory execution of the debtor's property and notarize it. If there is a notarized repayment agreement, once it expires, the creditor can directly request the court to execute it according to the agreement, which avoids many complicated litigation procedures and saves time and money. 2. Property preservation shall be carried out fifteen days before the prosecution or at the same time. The so-called property preservation means to apply to the court for sealing up, distraining and freezing the property interests of the respondent before or at the same time of litigation, so as to ensure that the applicant can execute the ruling after winning the lawsuit. Of course, the application for preservation must provide a guarantee in advance, and if the application is wrong, the respondent must be compensated for the losses suffered.
Legal basis: Civil Code of People's Republic of China (PRC).
Article 667 A loan contract is a contract in which the borrower borrows money from the lender, repays the loan at maturity and pays interest.
Article 671 Where the lender fails to provide the loan on the agreed date and amount, thus causing losses to the borrower, it shall compensate for the losses.
If the borrower fails to collect the loan according to the agreed date and amount, it shall pay interest according to the agreed date and amount.
Article 675 The borrower shall repay the loan within the agreed time limit. If the term of the loan is not agreed or clearly agreed, and cannot be determined according to the provisions of Article 510 of this Law, the borrower may return it at any time; The lender may urge the borrower to return it within a reasonable period of time.