How banks handle bad debts;

First, debt collection, banks should sort out bad debts and bad debts every year, and put forward targeted solutions, make plans according to the specific situation of debtors, and try to recover them. Even if bad debts and bad debts are not recovered, there should be specific information, and then continue to follow up these bad debts and bad debts every year.

Second, bad debts are converted into stocks. If the debtor of bad debts is a large state-owned enterprise, the main reason for bad debts is the bad economic situation. At this time, banks can choose debt-to-equity swaps. As the name implies, it is to convert the bonds of large state-owned enterprises into stocks, and when the economic benefits improve in the future, they can make profits by paying dividends or selling stocks.

3. Pack and sell to asset management companies. If the bank has more bad debts and is unable to recover the arrears, it can also be packaged and sold to an asset management company that is responsible for the recovery, and the asset management company is responsible for this part of the work.

Fourth, write off bad debts and bad debts. If the bad debts in arrears are really unsalable, can't be recovered, and can't be converted into debt, then the bank will apply to the superior for writing off the bad debts. For banks, there is no way to write off bad debts, which is equivalent to the full loss of banks and will have some effect on the decline of bank profits. Bad debt: refers to those that have passed the repayment period, cannot be recovered after collection, are in a sluggish state for a long time, and may become bad debts. Bad debts are the result of not clearing the accounts in time, and also refer to the finance that can't be collected because the other party doesn't pay back. Simply put, it is an account that has not been paid off for a long time.

Formation and identification of bad debts: The identification of bad debts that cannot be recovered after repeated collection (including missing links) needs to be reported to the higher authorities for approval. Impact of bad debts on us: As bad debts are a serious overdue situation of Credit Guarantee (much more serious than ordinary overdue), as long as Credit Guarantee keeps bad debts, it is impossible to handle banking business and credit card loans. If you don't deal with bad debts, you will follow them for a lifetime. In some cases, even if the debts are paid off, the bad debts in letters and newspapers will remain.

Cancellation process (good records should be kept for 24 months):

1. Submit personal data and inquire about personal credit report;

2. Put forward personal credit objection, and the bank applies for objection;

3. Fill in the Application Form for Objection to Personal Credit Report, and then the commercial bank will submit the corrected personal credit report;

4. Wait for the personal credit report objection reply from the credit reporting department. If there is no problem, it will be settled within 5 working days.

How does BOC Consumer Finance repay? There are two ways for you to choose!

In China, consumer finance companies have gradually become the mainstream institutions in the online loan market. Many friends have successfully applied for loans from China Bank, consumer finance and other institutions. However, some people know how to borrow, but they don't know how to pay back. Today, I would like to talk to you about how BOC Consumer Finance repays.

There are two main repayment methods of BOC Consumer Finance, one is through the mobile APP of BOC Consumer Finance, and the other is through the official WeChat account of BOC Consumer Finance. Let's talk about the specific operation steps.

Mobile application

1. Install BOC Consumer Finance Mobile APP, BOC Consumer Wallet Mobile APP or Xinyi Loan-Microfinance Mobile APP on your mobile phone (depending on what kind of loan you are applying for);

2. Log in to the corresponding mobile APP through your own loan account;

3. In the account, find the bill that you have generated in the current month and repay it.

Wechat official account

1. Open your own mobile phone WeChat and pay attention to the official WeChat account of "China Bank Consumer Financial Service Center";

2. Find the "I" button below and select "Account Operation" in the pop-up window;

3. Select "Repayment" on the "Account Operation" page and log in with your ID number and password.

The above describes how BOC Consumer Finance repays, and there are two ways for you to choose.

How to repay the debt owed by BOC Consumer Finance Co., Ltd.

Users who use BOC consumer finance need to repay their debts by repayment at the agreed repayment time. Users can repay through the loan channel, find the button I want to repay at the loan entrance and click it to complete the repayment steps. Under normal circumstances, BOC consumer finance has two repayment methods. In other words, there are two repayment methods: one-time repayment of principal and interest and monthly repayment of due principal.

Summary: Although BOC Consumer Finance was punished by Shanghai Banking Regulatory Commission for its non-compliant development, it is still a legal lending financial institution, and users who apply for loans need to repay in full and on time. Among them, the loan principal and interest need to be repaid in one lump sum at maturity, and the interest can be repaid in installments at maturity, with monthly interest, and the principal can be repaid after maturity.

Extended data:

China Bank Consumer Finance

Product characteristics

No mortgage guarantee is needed.

Customers who have a stable job in Shanghai, have worked in the current unit for 6 months continuously, have payment records, and have a monthly income of more than 2,000 yuan can apply.

Small repayment pressure

You can choose the minimum repayment method and the active repayment method, and decide your repayment behavior at any time according to your own economic situation.

Flexible borrowing and returning

There is no fixed repayment period, and the loan period ranges from 1 day to several years. It is entirely up to you to decide the time and amount of installment repayment according to your own needs.

Rapid application

There are two ways to apply:

A) Apply at the consumer finance service point, and notify the approval result within 1 hour;

B) Apply online on the website of BOC Consumer Finance Company, and notify the approval result within 3 working days.

According to the Measures for the Pilot Management of Consumer Finance Companies, consumer finance companies are "non-bank financial institutions that do not absorb public deposits and provide loans for consumption purposes for individual residents in China on the principle of small amount and dispersion". Consumer finance companies mainly provide loans for consumption purposes for individual residents, such as purchasing durable consumer goods such as household appliances and electronic products, and personal and family travel, wedding, education and decoration, but do not include mortgage loans and car loans.

Handling methods and consequences of non-repayment of bank loans

1. If it is really unable to repay, it shall negotiate with the bank to extend the repayment period or return it in installments.

2. If the bank 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.

3. When accepting enforcement, the court will inquire about the real estate, vehicles, securities and deposits in the name of the lender according to law.

4. If the lender refuses to perform the effective judgment of the court because there is no enforceable property under his name, negative information such as overdue repayment will be recorded in the personal credit report, which will restrict high consumption and entry and exit, and may even lead to judicial custody.

5. Refusing to execute a judgment or ruling is suspected of refusing to execute a judgment or ruling.

Article 313 of the Criminal Law Crime of refusing to execute a judgment or written order Whoever refuses to execute a judgment or written order, if the circumstances are serious, shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or fine.