There will be no consequences for Zhaolian Financial

If the borrower fails to repay the loan for a long time, the loan platform can apply to the court for litigation or arbitration, and apply to the court for enforcement according to the result of the judgment or arbitration award, and the borrower will bear the corresponding legal consequences.

2. Online lending has certain risks, please choose carefully, if you need funds, it is recommended that you handle it through a formal loan platform. Ping An Bank has launched unsecured and unsecured credit loans, as well as mortgage loans and mortgage loans for houses and cars, different loan application conditions and requirements are different, whether the approval is successful is based on your comprehensive qualifications to evaluate, you can log in to Ping An Pocket Bank APP-Finance-Loans, learn more and try to apply.

Ping An car owner loan] can get a loan if you have a car, up to 500,000.

The consequences of not repaying the arrears of Zhaolian Financial.

The arrears of Zhaolian Financial will not also have the following consequences:

1. Bear high overdue fees. For overdue fees, different online lending platforms have different names and different charging standards. Whether it's called overdue penalty interest, overdue management fee, or any other variety of names, the fees are very high.

Second, facing a national crisis of confidence. At present, online lending platforms have established a blacklist system, and blacklist platforms have begun to communicate with each other. If you don't repay your loan on one platform, it will be difficult to borrow it on other platforms.

3. The People's Bank of China's credit investigation is stained.

Fourth, the defendant will be taken to court. If the loan is overdue for a long time or deliberately does not repay, it will be taken to court.

Legal basis] Article 206 of the Contract Law stipulates that the borrower shall return the loan within the agreed time limit. Where there is no agreement on the term of the loan or the agreement is not clear, and it is still uncertain in accordance with the provisions of Article 61 of this Law, the borrower may return it at any time; The lender may demand the borrower to return it within a reasonable period of time. (The Contract Law will expire on December 31, 2020).

According to Article 675 of the Civil Code, the borrower shall return the loan within the agreed time limit. Where there is no agreement on the term of the loan or the agreement is not clear, and it is still uncertain in accordance with the provisions of Article 510 of this Law, the borrower may return it at any time; The lender may demand the borrower to return it within a reasonable period of time.

The Civil Code came into force on January 1, 2021).

Founded in March 2015, Zhaolian Consumer Finance **** (hereinafter referred to as "Zhaolian Financial") is a licensed consumer finance company approved by the China Banking and Insurance Regulatory Commission and jointly established by China Merchants Bank and China Unicom, with a registered address in Qianhai, Shenzhen, and a registered capital of 10 billion yuan.

Adhering to the guiding ideology of "not forgetting the original aspiration and benefiting endlessly" and the development concept of "inclusive mission, innovation-driven, core competence and ultimate experience", Zhaolian Financial has two major consumer financial product systems of "good term loan" and "credit payment", providing users with full-line, guarantee-free and low-interest inclusive consumer credit services. Zhaolian Financial has fully covered many consumption scenarios such as shopping, tourism, education, decoration, etc., serving tens of millions of customers, and its business covers a wide range of regions across the country.

If you do not repay the loan owed to Zhaolian Finance, in addition to the penalty that will be overdue, you may also face a series of collection methods, and if you are overdue for too long, it will also lead to poor credit information, and it will be very difficult to borrow from financial institutions or apply for a credit card in the future.

Will the question be taken to court?

If you do not overdo so, you will not be prosecuted by the court. After the online lending platform has failed to collect the money, the next method they will take is to file a lawsuit with the court and use legal means to protect their rights and interests, so the borrower is likely to receive a summons from the court and go to court. At that time, you may have to use your existing property to repay the loan.

Ask a good question. Answer: Credit card overdue will incur overdue interest, after the lawsuit, the court ruled that the bank can apply for enforcement, and if it is enforced by the court, the bank account will be seized, the deposit in the account will be forcibly deducted, and the property such as the house will be seized and auctioned. The act of maliciously overdrawing and not returning it after being collected by the card-issuing bank is guilty of credit card fraud.

Summary. Hello, for your question [is Zhaolian Financial bankrupt] the following answer to this question is made for you. Zhaolian Financial has not collapsed, but now it can't lend money before the year.

Recently, the China Banking and Insurance Regulatory Commission issued the first fine for consumer financial institutions in 2022, and Zhaolian Consumer Finance was heavily fined 2.9 million for 8 violations. The problems listed cover almost all aspects that may be involved in lending companies, regardless of the small amount, but the signal sent is not trivial.

Hello, for your question [is Zhaolian Financial bankrupt] the following answer to this question is made for you. Zhaolian Financial didn't go bankrupt, but now it can't lend money before the year. Recently, the China Banking and Insurance Regulatory Commission issued the first fine for consumer financial institutions in 2022, and Zhaolian Consumer Finance was heavily fined 2.9 million for 8 violations.

The problems listed cover almost all the virtual core aspects that may be involved in lending blind enterprises, and the amount is not large, but the signal sent is not trivial.

I hope you will find the following related expansions: You know, this is the first time in 1 and a half years since Zhaolian Financial was publicly notified in October 2020 that it has been named and warned again, and there were only 4 violations at that time, which were directly doubled this time. In the context of common prosperity, ants are hammered to the point of separation, and banks are also hammered, if Zhaolian still does not change their bad habits, waiting for them will not just be fined.

What's more, this time Zhaolian Financial is a new account and the old account are counted together, and among the crimes listed by the regulator, Hu Xu's illegal lending has been traced back to 2016. There are all kinds of signs that the good business of various giants lending and lying down to make money can be regarded as an overnight end! Zhaolian is too wild, and what should happen will inevitably happen sooner or later.

In March 2015, China Merchants Bank and China Unicom jointly established Zhaolian Financial, which became the first giant "national team" licensed consumer finance company with a registered capital of 10 billion yuan and total assets of more than 100 billion yuan after the capital increase in October last year. Directly comparing the registered capital of 8 billion yuan of Ant Money, which has not yet completed the capital increase, shows the huge and ambitious nature of Zhaolian Financial, which currently has as many registered users as as many as 100 million, and will not sit idly by and watch any opponent grab the cake. At the beginning of its opening, as one of the three major consumer finance companies in China that immediately formed a three-legged relationship with Home Credit and Home Credit, Zhaolian Financial was pinned on by countless people, with more favorable interest rates, more convenient lending, and more moderate collection, which were the early labels that the public attached to this "national team".

It's a pity that the good times didn't last long, and Zhaolian Financial soon formed an implicit "offensive and defensive alliance" with several other head platforms: the ultra-high interest rate is highly unified, the routine is no worse than that of its peers, and the various penalty interest and taxes are also a lot. False advertising, using words such as "ultra-low interest rate", "0 threshold application", "everyone can borrow" to attract users' attention, and when users really want to borrow, they find out that they are all fake.

Still have questions? Kiss, can you talk about it specifically? Or is there anything you'd like to talk about? <>

Legal analysis: If the interest rate of the loan signed by Duan Zhao and Zhaolian Financial is legal, and there is no shortage of burning Huai that exceeds the legal standard, then within the legal scope, he should bear the obligation to repay and pay a fine, and if he fails to repay the loan for a long time, Zhaolian Financial can collect it by means of ups and downs. If the interest rate and late fees are beyond the legal limits, the excess amount does not need to be repaid, and even if you are sued, you can collect relevant evidence to prove that it is not legal.

Legal basis: Commercial Bank Law of the People's Republic of China

Article 35 A commercial bank shall conduct a strict examination of the borrower's purpose of borrowing, ability to repay, and method of repayment of loans. Commercial banks shall implement a system of separating examination and lending from examination and approval and grading of loans.

Article 37 A commercial bank shall conclude a written contract with the borrower for a loan. The contract shall stipulate the type of loan, the purpose of the loan, the amount, the interest rate, the repayment period, the repayment method, the liability for breach of contract and other matters that both parties deem necessary to agree.

1. Payment of penalty interest: Zhaolian Financial will incur penalty interest when it is overdue, and the calculation of penalty interest varies for different products, generally the loan interest rate rises by 50%, which is subject to the actual display on the loan interface.

2. Bad credit: If Zhaolian Jinmeng Car Finance fails to repay the loan in time, it will produce overdue loan records, and Zhaolian Financial will upload it to the credit information system of the People's Bank of China, which will affect future housing loans, car loans, and credit card applications.

3. Experience collection: Zhaolian Financial has a special post-loan management personnel, who will collect on time, and will contact relatives, friends and work units if the circumstances are serious, which will affect the normal life and work of individuals.

4. Sued: If the borrower's overdue amount is too high, it will be sued by Zhaolian Financial to the court, and the court will enforce it after winning the lawsuit, and freeze the real estate vehicle ** and the deposit in the name of the lender to pay off the debt. If the borrower does not fulfill the judgment, he will be included in the list of dishonesty.