Losing the ability to repay, many people intend to borrow black credit without paying, but the consequences for this are extremely dangerous. So should avoid debt, what is the way to handle it?
Taking advantage of the outbreak of the COVID-19 epidemic in the area, people lost their jobs, and black credit organizations were increasingly raging. When borrowers do not pay interest on time, they will find ways to assault, blackmail and terrorize. Many people worry, don't know if it's okay to get unpaid black credit?
In this article, CashBerry will help you learn about the problem of unpaid black credit loans and find solutions to help you overcome difficulties.
When publicly, loudly, when quietly crept and rooted in the lives of a part of people in many provinces and cities across the country, the "black" credit waves brought tearful consequences. has caused many families to fall into poverty, some even seek death to free themselves.
The "black" credit trap is spread all over the place and just waiting for the debtors to fall into the trap is its octopus tentacles that keep rolling and not letting go. Although the authorities have organized many "campaigns" to remove them, the "black" credit waves still have a difficult flow to break.
Loss of jobs, unstable and unstable incomes, sickness and diseases, inability to control spending and consumption, etc., while accessing credit services from the banking system has many barriers. led many people to seek "hot loans" from many sources, including black credit.
Black credit , also known as usury, is a form of lending made by individuals/organizations outside of legal control. The interest rate of this loan is set by individuals/organizations, usually exceeding 150% of the basic interest rate of the State Bank.
If you borrow money from reputable financial institutions, the borrower will be protected by law. But with black credit, the borrower is completely unprotected, on the contrary, is at higher risk.
Don't wait until you get a bad credit loan, you will be in danger, but before borrowing, you will also bear the risks when borrowing money from these organizations.
1. Getting caught in a credit debt trap
The black credit institutions will offer countless traps to push you into a spiral of debt with no way out. Loans but vague interest problems, or charge too high interest makes you unable to pay, thereby falling into debt piled up.
Over time, that debt will generate more interest and they will find all sorts of ways to force you to pay the required amount.
2. Being bothered, revealing personal information
Personal information seems to be nothing important, but in fact, with this day and age, once your information is stigmatized on social networks, it is a big problem. Not only your reputation is affected, but also your relatives and friends.
3. Difficult to deal with lenders
Although the state has strictly banned it and has taken measures to prevent it as well as appropriate penalties, black credit institutions still operate silently with sophisticated and cunning tricks.
Their lending locations will be changed constantly to avoid police investigation. Therefore, it will be difficult for us to deal with these organizations.
So what if you do n't pay your black credit debt ?
Legally, you are the victim when you have to borrow black credit in the shadow of a financial company or a pawn,.... At this time, you will be protected by the law and punished the lenders. However, in practical terms, if you borrow black credit but do not pay on time, you will face many difficulties and unpredictable dangers.
Credit institutions will let people threaten, do all sorts of things to get you to pay off your debt. If you do not give them money, every day there will be hundreds of calls to you and your friends and relatives to harass and collect debt.
If you turn off the phone or cancel the sim, they will use stronger measures such as splashing paint, pouring shrimp paste, kidnapping, beating, threatening the lives of loved ones,... At this point, we will fall into crisis. serious mental breakdown.
The "black credit" lenders often have "bull head, hump head" to intimidate borrowers. Not only "showing" the force to show prestige, in the case of lending large amounts of money, they also require the borrower to write a contract to sell the house or sell high-value properties. When they are due, failure to pay them will let "employees" come to harass borrowers to assign houses and cars at a cheap price.
Before you think about running away, think about a payment plan. Ask family and friends to help you pay off your debt.
In case, being terrorized by black credit, blatant fraud, and high interest rates that you can no longer pay, please move somewhere else to live in the immediate future. This is not the optimal solution but it will help you to buy time to solve the problem.
After you have calmed down and found enough evidence, you can report it to the police to ask the law to handle black credit and bring these organizations to light.
It can be said that once involved in black credit, it is difficult to be secure , so if you need urgent money, you should absolutely not seek them, but use other, safer and more transparent financial solutions. .
Among the reputable lenders, CashBerry is currently a highly appreciated financial company for its quick and convenient 24/7 online lending . Just register through the website or CashBerry app, you can get a loan from 1 to 10,000,000 VND. The simple condition is the identity card.
The above is the answer to the question "What about a black credit loan that doesn't pay ?" for those who are interested. Hopefully from the article, you will learn from your own experience. Besides, don't forget to visit cashberry.vn to learn about online unsecured loans! This will be the solution to help you avoid black credit institutions!