After being sued by the lending institution, in addition to the original repayment amount, the corresponding interest will be paid; If the judgment has repayment ability and refuses to execute it, the lending institution has the right to apply for compulsory execution!
Those who have the ability to repay and refuse to implement it, and the amount is large, may also be identified as fraud and face criminal punishment. At the same time, lawyers suggest rational consumption, stay away from black online loans and beware of falling into the quagmire of routine loans.
Legal basis:
The relevant provisions of the Contract Law, Article 207: "If the borrower fails to repay the loan within the agreed time limit, it shall pay the overdue interest in accordance with the agreement or relevant state regulations."
In addition, both parties to the contract should clearly agree on the payment time and the calculation method or amount of overdue penalty or interest, otherwise, if there is a dispute, it will be calculated within 24% of the comprehensive rate.
Article 313 of the Criminal Law, whoever has the ability to execute it refuses to execute the judgment or ruling of the people's court, if the circumstances are serious, shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or a fine.