How to pay off the debt of 700,000 quickly, I owe 700,000, what should I do, how to pay it off

Now if you want to pay off 700,000 yuan quickly, you can repay the principal in a lump sum in advance, as long as you apply for an early repayment loan platform is approved, you can repay the principal in a lump sum.

It is suggested that the creditor can negotiate repayment and apply for appropriate postponement of repayment or installment repayment;

In the case of personal assets, assets can be mortgaged or sold to pay off debts;

To borrow money from relatives and friends, first borrow from financial institutions or private individuals.

Paid. The above is an introduction to some repayment methods with a debt of 700,000, and it is worth mentioning that if the debt of 700,000 is due to usury.

interest rate, then the borrower can go to court to sue.

Extended Materials

When a loan is overdue, there are several consequences:

1. Penalty interest and liquidated damages are incurred.

When a loan is overdue, the first thing you do is incur overdue penalty interest.

If it is overdue for more than 3 months and the amount exceeds 10,000 yuan, Alipay will sue the borrower to the court if it fails to collect the money many times, and then not only will the money be repaid, but also may bear legal responsibility.

2. Personal credit is damaged.

Previously, Alipay only borrowed from some users.

At the meeting, Huabei.

It is not on the credit report. After Huabei borrowing is overdue, it will greatly reduce the sesame credit score.

The impact on personal credit reporting is less significant.

After accessing the central bank's credit information, if Huabei borrowing is overdue again, Alipay will upload the overdue behavior to the central bank's credit information system.

Overdue records will be reflected in the personal credit report.

Middle. The information update of the new version of credit is a T+1 model, which means that once it is judged to be overdue, the credit information center will update the overdue record in the credit report the next day.

Overdue online loans will lead to bad credit, which is proof of personal credit and can be regarded as a person's "economic identity card". When the credit is bad to a certain extent, it will also have a lot of adverse effects on our daily life:

1. Affect personal travel.

If the personal credit history is blacklisted.

For example, if there is malicious default on bank loans and non-repayment, they will be sued by the bank. It will result in the borrower not being able to fly, unable to stay in a star-rated hotel, etc.

2. Affect employment.

Some companies will conduct a background check on an employee before hiring, and if they find a bad credit record, they may think that the person has integrity issues and refuse to let him join.

3. Affect children's education and daily life.

If parents are included in the list of untrustworthy persons, some schools that require political examination are very likely to fail the qualification examination of their children, and more seriously, it will affect joining the army, applying for military schools, participating in civil servants, public institutions, state-owned enterprise examinations, etc.

There is no such thing as a free lunch, financial institutions are willing to lend you money, they will definitely charge you interest, and once you borrow money and don't pay it back, then, sorry, terms like overdue penalty interest and loan liquidated damages are designed for you.

Summary. The foreign debt of 700,000 yuan should be repaid in a timely manner, and if it is temporarily unable to repay, it can be repaid in installments through negotiation with creditors.

I owe 700,000, what should I do and how can I pay it off.

The foreign debt of 700,000 yuan should be repaid in a timely manner, and if it is temporarily unable to repay, it can be repaid in installments through negotiation with creditors.

If the debtor refuses to repay, the creditor can sue in a timely manner, and if the debtor still refuses to repay according to the legal judgment document of Shengwei Wang, the creditor can apply for enforcement.

Dear, what exactly are the problems you are experiencing?

Is it caused by a loan?

How to return? I'm penniless now, and I'm going to pay back more than 10,000 in a few days.

The investment failed. My suggestion is to stop all repayments first.

Otherwise, you will have too much pressure to repay.

Now there is no overdue.

Yes, I want to die.

Calm yourself down first.

It's not overdue, but it's coming soon.

There is no threshold that cannot be crossed.

The pandemic has caused many bosses to go bankrupt.

What am I going to do.

Stop all repayments and sacrifice credit reporting.

You always have to owe money on a credit card or online loan.

Stop? Isn't the credit investigation gone?

It doesn't matter.

You now want to protect yourself.

Credit can be repaired.

It should be difficult for you to get any more loans now.

Do you understand the policy of suspending interest and hanging accounts?

Legal analysis: If you owe a debt of 700,000 yuan, you should repay it in time, and you can negotiate with the other party to reach an installment repayment agreement to avoid being sued. Whether it is a personal debt or a lending institution, do not avoid the problem of repayment, the money owed always has to be repaid.

Actively express your good willingness to repay, then explain your current situation, negotiate a postponement of repayment or installment repayment, and make a repayment plan to reduce your repayment pressure.

Legal basis: Article 674 of the Civil Code of the People's Republic of China The borrower shall pay interest within the agreed time limit. Where there is no agreement on the time limit for the payment of interest on this occasion or the agreement is not clear, and it is still uncertain in accordance with the provisions of Article 510 of this Law, and the loan period is less than one year, it shall be paid together with the return of the loan; If the loan period is more than one year, it shall be paid at the end of each year, and if the remaining period is less than one year, it shall be paid at the time of returning the loan.

Legal analysis learned that Rough Bank: owed more than 700,000 debts, should be repaid in time, and can negotiate with the other party to reach an installment repayment agreement to avoid being sued.

Legal basis: Civil Code of the People's Republic of China

Article 673: If the borrower fails to use the loan in accordance with the agreed purpose of the loan, the lender may stop disbursing the loan, withdraw the loan in advance, or terminate the contract.

Article 674:The borrower shall pay interest within the agreed time limit. Where there is no agreement on the time limit for the payment of interest or the agreement is not clear, and it is still uncertain in accordance with the provisions of Article 510 of this Law, and the loan period is less than one year, it shall be paid together with the return of the loan; If the loan period is more than one year, it shall be paid at the end of each year, and if the remaining period is less than one year, it shall be paid together with the return of the loan.

Article 675: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.