What are the consequences of the loan money?
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.
How to repair the credit information?
Consumer credit investigation refers to the repair method of personal credit information with too many inquiries or overdue records. The remedy is to wait a few months. Don't apply for loans, credit cards, online loans, and don't check personal credit information. About half a year, apply for the necessary loan or credit card. When examining the credit report, the loan approver is mainly concerned with the inquiry records of the past 1 year or the last 6 months. If the time is too long, the impact on the credit of the parties is indifferent, and the purpose of being repaired by time after the credit is spent is achieved. And use a credit card to spend every month and repay on time. Credit records only show the last two years, including overdue records. As long as a good credit record is generated by using a credit card every month, overdue records can be covered after two years.
In addition, don't take the loan without credit information lightly, because the loan company will record your overdue situation and may share it with other companies, so it will be difficult for you to get the loan in the future. To sum up, whether you are financing in a bank or a patient financing institution, you should consult or negotiate with the financing institution as soon as possible after the maturity, in order to "understate". If you are a high-quality customer and loyal user of the organization, there is also a lot of room for negotiation.