What will happen if Zhaolian Finance is overdue?

What if Zhaolian Finance is unable to repay?

Zhaolian Finance cannot afford it. Users can choose to negotiate repayment with Zhaolian Finance. Users explain why they can't afford it, and it is best to submit relevant supporting materials to Zhaolian Finance for review. As long as the user expresses willingness to repay, Zhaolian Finance will generally agree to negotiate repayment after reviewing the information submitted by the user. Negotiating repayment can extend the repayment period and even reduce some interest.

When applying for a loan, users must apply for a loan according to their repayment ability, otherwise the risk of overdue is great.

First, the recruitment finance is overdue.

1, penalty interest. Overdue recruitment of financial services will result in penalty interest. If it is a multi-period consumption, and the user fails to pay it back within the time limit, Zhaolian Finance will make a daily withdrawal at the interest rate of 0.75‰ of the outstanding principal in the current period, and charge a late fee.

2. Produce bad credit information. Once the arrears of Zhaolian Finance are overdue, Zhaolian Finance will upload your overdue records to China People's Bank for credit investigation. Once the credit is overdue, you cannot apply for a loan.

3. collect. Once the recruitment finance is overdue, it will entrust a third-party collection company to carry out telephone collection, SMS collection and even violent collection. If the payment is overdue for a long time, the collector will contact your emergency contact or family, which will affect your personal life.

4. sue. If the borrower fails to repay the loan for a long time, Zhaolian Finance will apply for judicial proceedings, that is, take prosecution proceedings. Once the prosecution court is executed, you will be judged as a faithless person, and it is forbidden to take planes, high-speed trains, etc.

What will happen if Zhaolian Finance does not pay back the money?

There are three main effects of Zhaolian Finance's failure to pay back the money:

1, you will receive a phone call or SMS reminder;

2. It will affect personal credit information and leave a bad record on personal credit information;

According to the contract, you also need to pay a certain amount of late fees.

What if I don't get a financial loan?

With the increase in the number of online loans, the number of overdue online loans is also increasing rapidly. Among them, many friends will think that the loan will not be repaid. Many people come to ask what will happen if Zhaolian Finance does not pay back the money? Today, I will introduce you to the consequences of not paying back the money in Zhaolian Finance.

As a formal consumer finance company, Zhaolian Finance's punishment for not repaying loans is very severe. There are five major penalties for defaulting.

Report to the credit bureau.

For those who do not repay, their bad personal records will inevitably be reported to the central bank by Zhaolian Finance. In the future, the stain of credit information will affect everyone's handling of bank loans, provident fund loans, job hunting and so on.

2. Report online credit information.

Zhaolian Finance will also report the borrower's bad record to the online loan credit, making it a cyber hacker and banned by the entire online loan industry.

3. Only China Merchants Bank and China Unicom.

Because Zhaolian Finance is a consumer finance company jointly established by China Merchants Bank and China Unicom, the non-repayment record of non-performing loans will affect the comprehensive score of borrowers in China Merchants Bank and China Unicom.

4. It has been collected for a long time.

As a formal financial institution, Zhaolian Finance has a perfect collection system. For those who do not repay, Zhaolian Finance will conduct long-term collection.

5. Go through legal procedures.

In some cases, Zhaolian Finance will hire a lawyer to go through legal procedures, take the debtor to court and ask the court to make a judgment. After the judgment, Zhaolian Financial Association will apply to the court for enforcement.

Above, we introduced what would happen if Zhaolian Finance didn't pay back the money. Generally speaking, there will be very serious consequences if you don't pay back the money in Zhaolian Finance, which most people can't afford.

Will Zhaolian Finance be sued if it is overdue? What should I do if it's not me?

Whether you will be prosecuted depends on whether the creditor is willing to recruit or puppy love. But if you owe an online loan, you are more likely to be sued or collected. In fact, many people say that "the principal has been paid, but the interest has not been paid", and this brain circuit is not well understood. What's the use of paying back the principal only? If the creditors are relatives and friends, it is only the banks, financial institutions and enterprises that lend money that are trying to make money and earn your interest. How can you not let go?

It can only be said that creditors have the right to sue, but whether they really file a lawsuit depends on the wishes of the other party and the cost of litigation. Moreover, in reality, these loan companies rarely sue debtors, and they don't come to the door to collect money, mainly relying on telecommunications.

First of all, whether the creditor will sue you depends on how much money you owe, how far the other party is from you, and how high the cost of suing you is. In other words, are you worth spending money to sue, announce and enforce?

Second, there is no need to sue, and the possibility of door-to-door collection is also very small-the reasons are the same and the cost is too high. I'm in business, not quarreling with you.

Third, they usually use collected and exploded address books.

There's nothing you can do to blow up your cell phone and family phone. Those collection companies give you an address book, call and send messages to all your telephone contacts, tell them that you are in arrears, and even bother your contacts, so that your contacts can call you to ask what's going on and put pressure on you. Apart from rejection, this kind of thing is difficult to solve.

Finally, although the court of domicile has jurisdiction, if you live in a foreign country for a long time, the jurisdiction should belong to the court of your habitual residence.

Therefore, it is unlikely that the other party will sue you, mainly by collection.

To sum up, the other party has the right to sue, but whether to sue depends on the other party's wishes. If it is an online loan, they often use collection instead of prosecution.

If it is really not up, then negotiate with the other party for installment, or wait for the other party to collect or sue, and then try to apply for installment.