Will you call your contact when you get a loan?

You will not call your contact casually, but if it is overdue, you will call your contact.

In loans overdue, the company will urge the debtor to repay by telephone and other means. If negotiation fails, the company will also sue the debtor to the court and apply to the court to seal up the debtor's property and claim repayment. If the other party sues you and you fail to repay the debt within the prescribed time limit, the court has the right to enforce it and bear double interest on the debt.

(1) According to Article 242nd of the Civil Procedure Law of People's Republic of China (PRC), if the person subjected to execution fails to perform the obligations specified in the legal documents according to the notice of execution, the people's court has the right to inquire about the deposits, bonds, stocks, fund shares and other properties of the person subjected to execution from the relevant units.

The people's court has the right to seal up, freeze, transfer or change the property of the person subjected to execution according to different circumstances. The property inquired, sealed up, frozen, transferred or changed in price by the people's court shall not exceed the scope of obligations that the person subjected to execution shall perform.

(2) According to Article 244 of the Civil Procedure Law of People's Republic of China (PRC), the people's court has the right to seal up, detain, freeze, auction or sell the property that the person subjected to execution should perform according to the enforcement notice. However, the necessities of life of the person subjected to execution and his dependents shall be retained.

In addition, in loans overdue, the borrower's credit information will be badly recorded, and he will become the person who has broken his promise, which will affect his future lending behavior and even his normal life.

Extended data:

According to Article 3 of the Regulations of the Supreme People's Court on Restricting High Consumption and Related Consumption of Executed Persons, which came into effect on July 22, 20 15, the following high consumption is restricted: when taking the means of transportation, choose the cabin above the second class of plane, train and ship;

High consumption in hotels, hotels, nightclubs, golf courses and other places above the star level; Purchase real estate or build, expand or decorate high-grade houses; Rent high-end office buildings, hotels, apartments and other places to work; Purchase non-operating vehicles;

Travel, vacation; Private schools with high fees for children; Pay high premiums to buy insurance wealth management products; Take all seats on G-prefix EMU trains, first-class and above seats on other EMU trains and other consumption behaviors that are not necessary for life and work.