If it is really unable to repay, it shall negotiate with the lending institution to extend the repayment period or repay it in installments.
If the lending institution fails to perform the judgment of the court 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.
Introduction to microfinance:
Microfinance is an information intermediary platform of Shanghai Zhongxin Finance, focusing on Internet finance business.
Shanghai Microfinance Financial Information Service Co., Ltd. (hereinafter referred to as Microfinance) is an information intermediary platform of Shanghai Zhongxin Financial Information Service Co., Ltd., which focuses on Internet financial business. Based on many years' risk control experience and data of Zhongxin Finance, microfinance will build a "zero bad debt credit ecosystem" comparable to bank-level risk control, strictly control the security of each transaction, and establish a special account for risk reserve through supervision and cooperation with the "remittance to the world+bank" model, and gradually form a "small, short-term and flexible" microfinance model with the characteristics of "zero bad debt credit ecosystem".
The loan items of microfinance are mainly credit loans, which are unsecured, unsecured and small in amount. The borrower can apply to the local Chongxin branch or telephone customer service. The staff will contact the borrower as soon as possible to make an appointment for an interview. The platform will conduct corresponding audit and inform the borrower of the audit results by telephone. The credit line will be granted according to the information, which belongs to small loans.