As long as a formal contract is signed and it is legal, whether it is medical or otherwise, the installment loan will definitely not be repaid to the other party.

What if there is no installment loan?

The consequences of not paying in installments mainly include: being sued by creditors for civil loans, and even being collected; The limitation of action is recalculated. If the borrower fails to repay the loan, it needs to bear the liability for breach of contract, which is generally high penalty interest and liquidated damages. At the same time, it will be included in the list of dishonesty, and life will be affected to some extent.

Extended data:

Loan means that banks, credit cooperatives and other institutions lend money to units or individuals who use money, and generally agree on interest and repayment date. Loans in a broad sense refer to loans, discounts, overdrafts and other borrowing funds. Banks put concentrated money and monetary funds out through loans, which can meet the needs of social expansion and reproduction and promote economic development. At the same time, banks can also obtain loan interest income and increase their own accumulation.

Review the legal status of the borrower, including its legal establishment and continuous and effective existence. If it is an enterprise, it shall examine whether the borrower is legally established and whether it has the qualifications and qualifications to engage in related businesses, and check the business license and qualification certificate. Pay attention to whether the relevant certificates have passed the annual inspection or related verification.

Regarding the credit status of the borrower, check whether the registered capital of the borrower is consistent with the loan; Examine whether there is a clear situation in registered capital flight; Past loans and repayments; And whether the borrower's product quality, environmental protection, tax payment and other illegal conditions may affect the repayment.

In order to reduce the moral hazard of the lender, the borrower and its responsible person should also be specially examined. When issuing loans, financial institutions should not only examine the qualifications, conditions and operating conditions of borrowers, but also strengthen the examination and control of the personal qualities of investors, legal representatives of enterprises and key management personnel.

Establish a fixed-term appointment system for the legal representative of the borrower and its main management personnel. The appointment period can be determined according to the size of the loan amount and the changes in the production and operation of the borrower. If the loan amount is large, the appointment period should be shortened accordingly.

Credit officers and their immediate family members shall not accept the borrower's cash, precious gifts, shopping vouchers, etc. ; Shall not participate in recreational activities paid by the borrower; No expenses shall be repaid to the borrower.

Interest refers to the remuneration paid by the borrower to the lender in order to obtain the right to use the funds, which is the use price of the funds in a certain period (that is, the loan principal). The loan interest can be calculated in detail by the loan interest calculator. In civil law, interest is the legal fruit of principal.

What happens if the medical stage is overdue?

High interest and late fees

If you don't pay in installments, the customer will have a late fee. Every company is different at present. Generally, a late payment fee exceeding 10 days will generate a high late payment fee, which will be compounded monthly. The longer the time, the higher the interest.

Personal credit stain

Once the credit history is stained, it is basically difficult to apply again. If you want to buy a house in the future, the loan amount with credit stain mortgage is less than others, and the interest rate is higher than others. If the overdue period is serious, the plane, high-speed rail, hotel and mobile phone can't be overdrawn, and the children can't go to key schools. It's hard to break your promise.

3. If the repayment date is overdue, call to collect in advance.

Call 24 hours a day and put pressure on many parties until repayment. If the information provided is lost, it will be more troublesome. Some companies will find other contact information through some special channels, or company units, inquire about the phone number of their hometown neighborhood office or the phone number of the village, and keep calling for collection.

4、

If you go to court, the contract is signed in black and white. If you don't pay back the arrears, you won't win the lawsuit, and you may go to jail.

Extended data

Risks in peer-to-peer lending

1, the virtual nature of online transactions makes it impossible to authenticate the credit status of both borrowers and borrowers, which is prone to fraud and non-payment of debts.

2. A lot of lender information published on the Internet platform is in the name of "loan company" and "financing company". In fact, financial institutions must be approved by the state to engage in financial services such as credit financing. Those who engage in financial activities without authorization are often punished for "illegal fund-raising", "illegal absorption of public deposits" and disturbing the order of financial management.

3. If loans are issued on behalf of the network platform, if the network platform neglects self-discipline, or the internal control procedures fail, or are used by others, there may be cases of fabricating loan information and illegally raising funds.