What are the risks of Cangzhou Cangxin Information Consulting Service Co., Ltd. not making the next payment due to the contract?
There is no risk. According to the inquiry of Article 500 of the General Principles of Civil Law of People's Republic of China (PRC), the loan contract will take effect only if the company owes the contract money and fails to pay it. Companies can collect relevant evidence, report the platform to the Internet Finance Association or the local CBRC, and safeguard their legitimate rights and interests. Therefore, as of July 19, 2023, Cangzhou Cangxin Information Consulting Service Co., Ltd. owed the contract money and did not pay it, so there was no risk. Cangzhou Cangxin Information Consulting Service Co., Ltd. is located in Huashang International Building, Beijing Road, Yunhe District, Cangzhou City, Hebei Province.