1. If you have no repayment ability, you should negotiate with the lending institution to extend the repayment period or repay by installments.
2. If the lending institution fails to perform the court's judgment within the performance period after winning the case in the court, it will apply to the court for enforcement.
3. When the court accepts the execution, it will inquire about the real estate, vehicles, securities and deposits under the name of the lender according to law.
4. 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, restricting high consumption and entry and exit, and may even be punished by judicial custody.
If the online loan is overdue, the company will apply for enforcement. This money may not be enough to seal up your fixed assets, but all your bank cards will be frozen. After that, all bank accounts will be "only allowed in and out". This process is very simple. Once you leave a court enforcement record on the credit record of the central bank. Then, it is almost impossible to borrow from banks, financial institutions or small loan companies for credit cards and mortgages in the future. At present, society is very developed. As long as you know your ID card, you can find out whether you have a record of being enforced by the court. Many people will check it, let alone specialize in risk control.
Online loans cannot be repaid, and serious cases may be suspected of loan fraud. The crime of loan fraud refers to the act of fabricating false reasons such as introducing funds and projects, using false economic contracts, false certificates, using false certificates of property rights as guarantees, repeatedly guaranteeing beyond the value of collateral, or defrauding banks or other financial institutions of large loans by other means.