If it is really unable to repay, it shall negotiate with banks or lending institutions to extend the repayment period or repay it in installments.
What happens if you don't borrow money?
1. If the lending institution or bank fails to perform the judgment within the performance period after winning the case, it will apply for enforcement.
2. When compulsory execution is accepted, the lender's property, vehicles, securities and deposits will be inquired according to law.
3. If the lender has no property to enforce, refuses to perform the effective judgment, overdue repayment and other negative information 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.
4. Refusing to execute a judgment or ruling is suspected of refusing to execute a judgment or ruling.
What are the consequences of not paying back the national student loan? If the circumstances are serious, you may be punished.
National student loans are basically loans issued by banks, so we can also regard them as bank loans. Bank loans are much stricter than other loans. If the national student loan is not repaid, the consequences will be very serious. Even if the circumstances are serious, they may be sentenced and punished. Let's look at the consequences of not paying back the national student loan.
Consequences of non-repayment of national student loans: disciplinary action for non-appointment
Non-default penalty refers to the penalty interest charged by loans overdue or maliciously failing to repay the loan according to the actual overdue days and amount, and the penalty interest is calculated at times of the normal loan interest rate.
The consequences of not repaying the national student loan: the punishment of dishonesty
1, upload the people's bank of China for credit investigation.
In fact, the nature of national student loans is different from that of ordinary bank loans. You can understand this. No matter what happens, you will go to the People's Bank for credit information. This kind of credit record in loans overdue is basically a credit stain, and it is basically impossible to borrow money to buy a car/house or apply for a credit card in the future.
2. Load the education inquiry system.
The record of outstanding national student loans will also be loaded into the graduate education inquiry system. If the borrower has successfully found a job, the company/unit will be informed of the breach of contract, which will also affect the employment and recruitment activities of graduate students.
3, included in the untrustworthy executor.
Those who maliciously fail to repay the national student loan, once identified as Lao Lai, will be included in the list of people who have lost their trust. In the future, you can't fly, take the high-speed train, stay in star-rated hotels, or even let your children go to private schools.
4. Bear relevant legal responsibilities.
Generally, banks will not repay the national student loans immediately, but will generally make a dunning first. If the communication fails, the bank has the right to demand compulsory repayment. The bank will freeze the loan student's property to pay off all debts. If the circumstances are serious, it can even be identified as a loan crime and sentenced to punishment.
The consequences of not paying back the national student loan are really serious. If it is only a short-term overdue, please contact the bank in time to explain clearly, so as not to be judged as malicious overdue. Sometimes under special circumstances, the bank will give a certain grace period. However, if you maliciously fail to repay the loan within the time limit, then what awaits you is legal sanctions!
What is the impact of the expiration of college students' entrepreneurial loans?
College students' entrepreneurial loans have not yet been made, and banks will issue loan reminders. If you don't pay it back, it will arrive, freeze your assets and those of the loan guarantor, and seal up the collateral if there is any. Banks can repay loans by auctioning collateral.
Moreover, college students' entrepreneurial loans will not affect personal credit and will not produce credit stains. It will be very difficult to handle related loan business in the future, especially mortgage and car loan.
Therefore, if college students encounter entrepreneurial failure, they can repay their entrepreneurial loans in time by raising funds from relatives and friends, otherwise their future loan business will be restricted.
If the college students' business loan is not paid, the bank will issue a loan reminder notice. If you still don't pay it back, you will arrive, freeze the assets of the loan guarantor and seal up the collateral. Banks can repay loans by auctioning collateral.
Moreover, college students' entrepreneurial loans will not lead to bad personal credit, and it will be more difficult to handle other loan business in the future.
When starting a business, many college students will choose to apply for a business loan. However, starting a business is risky. When it fails, we should actively find ways to repay the loan to avoid adverse consequences.
What happens if the student loan is not on time?
Student loans can help college students solve part of their tuition and living expenses. As long as they are repaid on time, they can apply every year. So what will happen if the student loan is not on time?
1. Disciplinary action against dismissal
If you fail to repay the loan funds on time as agreed in the loan contract, it will be regarded as a breach of contract, and the loan bank will charge corresponding penalty interest according to your overdue time and amount, and the interest rate will reach130% of the ordinary loan interest rate;
2. Dishonest disciplinary action
If the loan funds are not returned on time as agreed in the loan contract, the bank will think that it is a malicious delay, and will face the following situations: (1) Bad credit records will be incorporated into the personal credit information system, which will directly affect the use of the borrower's personal credit card (debit card), and the purchase of houses, car loans, related services of other financial institutions and financial products will be restricted in the future; (2) The information of students who violate the contract will be included in the postgraduate education inquiry system and notified to the employment unit, which will have an important impact on their employment and participation in social recruitment; (3) Lenders involved in a large amount and in a bad situation may face the bank and bear corresponding legal responsibilities.
Therefore, when borrowing money, we should fully consider the individual's repayment ability, and at the same time, we must pay off the loan on time according to the amount, so as to avoid serious consequences.
What are the consequences of campus loans?
Campus loans include the following three situations: first, staged shopping platforms for college students, such as fun staging and term staging, and some of them also provide lower withdrawal quotas; The second is the P2P loan platform, which is used for college students' education and entrepreneurship, such as investment and loan, famous school loan and so on. Third, credit services provided by traditional e-commerce platforms such as Ali, JD.COM and Taobao. According to the Provisions of the Supreme People's Government on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases, if the interest rate agreed by both lenders and borrowers exceeds the annual interest rate of 36%, the excess interest agreement is invalid. In other words, the contract is valid, but if the interest agreement is too high, the excess interest agreement is invalid. Students need to repay the principal and statutory interest, and the excess interest can not be repaid. If a college student borrows a "campus loan" and refuses to pay it back, but the other party still takes a passive avoidance attitude when filing a lawsuit, he can be tried in absentia. After the judgment comes into effect, if the college students still don't pay back the money, the other party can apply for compulsory execution. If college students don't cooperate when they are enforced, they will be included in the list of people who have broken their promises, which is often called the "Lao Lai List", which will have adverse effects on college students' study, work and life. Provisions of the Supreme People's Government on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases Article 26 If the interest rate agreed by both borrowers and lenders does not exceed 24% per annum, and the lender requests the borrower to pay interest at the agreed interest rate, the people shall support it. The interest rate agreed between the borrower and the borrower exceeds the annual interest rate of 36%, and the interest agreement in excess is invalid. If the borrower requests the lender to return the interest paid in excess of 36% per annum, the people shall support it.
What will happen if you don't pay back the campus loan?
If a college student borrows a "campus loan" and fails to pay it back, and the other party files a lawsuit, the student still takes a passive evasive attitude and does not respond, and can be tried in absentia. After the judgment comes into effect, if the college students still don't pay back the money, the other party can apply for compulsory execution. If you don't repay now, you will be included in the personal credit report, which will seriously affect your future work and travel. Can't buy a plane ticket and stay in a hotel. If you don't pay back the money, they will hunt you down and seriously threaten your personal safety. Article 255 of the Civil Procedure Law of People's Republic of China (PRC) * * * If the person subjected to execution fails to perform the obligations specified in the legal documents, the people can take or notify the relevant units to assist in taking other measures such as restricting his exit, recording it in the credit information system, publishing non-performance information through the media, and legal provisions.
The introduction of college student loans ends here.