2. Tell your family the truth. In this case, only your family can help you for free and borrow money from your friends to make up for the debt.
3. Mortgage the assets on hand to repay the loan, and reduce the credit and property losses caused by overdue.
Legal basis: Provisions on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases Article 26 If the lender requests the borrower to pay interest at the agreed interest rate, the people's court shall support it. The interest agreement between the borrower and the borrower that the interest rate exceeds the annual interest rate of 36 is invalid. The people's court shall support the borrower's request to the lender to return the interest paid in excess of 36% per annum.
When the arrears are overdue, collect the loans;
If the delay exceeds 90 days, bring a lawsuit to the court:
① According to the loan contract and guarantee contract (mortgage or pledge contract), the lender will bring a lawsuit to the court, and the court will take measures such as property preservation, including freezing the deposits in all bank accounts of the lender and the loan guarantor and sealing up the pledged property.
(2) After the judgment is made, the property will be enforced (deducting deposits, auctioning collateral, etc.). Pay off the bank's loan losses according to law.
③ Specifically, it includes: loan principal, loan interest, overdue interest, penalty interest, all litigation expenses arising therefrom, and related expenses incurred when the collateral is realized.
Credit will be affected. If the borrower is a company, your company will be recorded in the national bank credit information system, and loans in the name of individuals will also be recorded as overdue loans in the national personal credit information system.
Under what circumstances will you be criminally detained?
Criminal detention must meet two conditions:
First, the object of detention is a flagrante delicto or a major suspect. An active criminal refers to a person who is committing a crime, and a major suspect refers to a person who has evidence to prove that he is suspected of a major crime.
Second, it has one of the legal emergencies. Regarding what is an emergency, Article 80 and Article 163 of the Criminal Procedure Law have different provisions on detention by public security organs and detention by people's procuratorates.