There are two different situations. If it is indeed a regular bank loan, but did not collect credit, then bank prosecution will be included in the list of dishonest be executed. If it is not a bank, the majority of non-credit loans are private capital funds, which may or may not be lawful, specifically in the local capital agencies, do not recommend the loan of illegal civil organizations. Without the credit system, there is no effective binding on both sides, do not recommend the loan, the proposed loan formal banking.Loans are not yet up
Will have the following consequences: The lending bank will collect the due loan from you in accordance with the law, and in accordance with the loan contract and the guarantee contract (mortgage orPledge
Contract), the lender will sue the court and the court will take such measures as property preservation, including freezing deposits on all bank accounts of you and the loan guarantor, seizing the property that you have pledged, and so on. After the verdict, they will legally enforce (deduct deposits, auction pledges, etc.) property to repay the bank's loan losses. Including: loan principal, interest on loans, overdue interests and penalties, and all the litigation costs arising therefrom, the disposal of mortgages (pledges) occurred when the relevant expenses incurred.