1. If the loan is not repaid or deliberately not repaid, you will be in danger of being sued. Once the court decides that Weizhong Bank wins the case, the borrower not only needs to pay back the money, but also pays the litigation costs and huge fines of both parties. If the borrower refuses to implement it, it will be included in the blacklist of untrustworthy people. The most important thing in credit business is to keep evidence, whether it is contracts, bank processes, screenshots or records. It is suggested that the negotiation process be recorded, which is conducive to safeguarding rights in the future. The purpose of the bank is to recover the loan. The borrower's purpose is to delay repayment.
In fact, there is no conflict on the whole. The key is time. You can ask for an extension of the loan term, or re-sign a loan contract and appropriately increase some interest. You can also continue the negotiations and strive for a favorable result. Although it will not be as malicious as some usurers, it will also contact the relatives and friends of the lender by phone or text message. Overnight, relatives and friends will know that you don't owe money.
If you are in loans overdue, you must make an investigation at the meeting. The tainted credit investigation will not only affect the future loan and credit card applications, but also disrupt the daily life of the serious people, such as the inability to buy train tickets and air tickets, and the inability of children to go to school normally. If the loan is not repaid or deliberately not repaid, there is a risk that the defendant will go to court. Once the court decides that Weizhong Bank wins the case, the borrower will not only pay the required amount, but also pay the litigation costs and huge fines of both parties. If the borrower refuses to implement it, it will be included in the "blacklist" of those who have lost their trust and even face jail.
If you owe money and don't pay it back, the collection company may scare you or call your relatives and friends, or scare you in various ways, but if you sue, you will be reminded by a lawyer's letter or the court will call you.