What will happen to Jiufuwanka Arbitration?

Jiufu Wanka is a loan product launched by Jiufu Group, and Jiufu Wanka also launched an arbitration mechanism. If it is overdue for a long time, Jiufuwanka will start arbitration proceedings. What will happen to the arbitration of Jiufuwanka?

What will happen to Jiufuwanka Arbitration?

After Jiufuwanka starts the arbitration procedure, if the user fails to repay in time within 10 days after receiving the arbitration letter, the court will freeze the user's assets and bank card for compulsory repayment. Those who refuse to cooperate with the court for enforcement will also be included in the list of serious dishonesty. After serious breach of trust, applications for loans and credit cards from the bank are not accepted, and normal travel by plane or high-speed rail is not allowed.

Once Jiufuwanka enters the arbitration procedure, it can be said that the impact on individuals is very great. Here, I suggest that you must repay on time and keep your personal credit information good. If you can't pay back, you can negotiate with Jiufuwanka to pay back, protect your personal credit and not enter the arbitration procedure.