What if a small loan company doesn't pay after mortgaging the property?

If it is really unable to repay, it shall negotiate with the credit company to extend the repayment period or repay it in installments.

What happens if you borrow money from a small loan company?

1. If the credit company 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.

2. When accepting enforcement, the court will inquire about the real estate, vehicles, securities and deposits in the name of the lender according to law.

3. If the lender refuses to perform the effective judgment of the court because there is no enforceable property under his name, negative information such as overdue repayment will be recorded in the personal credit report, which will restrict high consumption and entry and exit, and may even lead to judicial custody.