Many of you are asking questions What's wrong with borrowing black credit without paying?? In the following article, we will answer this question for you.
If you don't pay the loan, you will face a lot of big problems. It may even be threatened every day that damages the mental and physical health of yourself and your family. But when faced with such a situation, we need to know the necessary knowledge to deal with it. Here, let's share our experiences together avoid black credit debt for people to understand better.
What is a black credit loan?
Borrowing money from black credit is also known as usury. This concept is for organizations that do not comply with the provisions of the law. In other words, lending with unbelievably high interest rates. The interest is even more than the principal until the loan is made.
Such acts of lending money are considered usury and may be subject to criminal prosecution. When profiting from loans not in accordance with regulations with an amount of VND 30 million or more. They will be subject to non-custodial reform for 6 months or more.
Because this form of borrowing is both quick and easy. In addition, borrowers are in urgent need of money, so they have fallen into the loan shark trap. This lending organization often lurks in the shadow of legitimate lending companies. But in fact, illegal activities are not allowed by the law. Interest will be about 150% higher than the interest rate set by the bank by the state.
Why are you taking out a black credit loan?
Lending to customers who have been subjected to usury is not good at all. But because you are having difficulty do not know where to get the money to manage the work. At that time you will immediately think of loan sharks. It wasn't until the mother's interest was on the child's loan that we knew we had fallen into a usury trap.
Usually, borrowers still borrow at high interest rates for the following reasons:
- Black credit loans receive money quickly: If you borrow money from a bank, you will often be confused with paperwork and procedures and have to consider a lot. Black credit loans are the complete opposite. You only need one phone call and the loan shark will bring money to your door. With a huge amount of money but without much paperwork, just sign the loan application and receive the money.
- Borrow more money: With banks, we can only borrow a certain amount. But when applying for a black credit loan, the subjects only need to take a quick look at your home. After that, they will lend money "whatever it is" but do not need to mortgage any assets. Just listening to it, everyone believes it.
- Paperless: If you borrow from a bank, you will have to sign a clear contract and have collateral and unsecured assets. However, when borrowing money at usury, there is no need for any documents, just need to put a pen to draw and have money.
What are the dangers of borrowing money with black credit?
When installment loanborrowing black credit with interest every day you will encounter a lot of problems.
#1 Getting caught in a credit debt trap
Certainly, if you borrow money at black credit, you already know the danger. They just wait until you can no longer pay. This time they will take the opportunity to make the debt much larger. They will do everything to make you pay the debt, even if you escape, you can't escape.
#2 Being bothered, revealing personal information
Personal information seems to be something that is not very important. But actually in this age, personal information is a fortune. Your personal information will be disclosed. Not only that, they will go everywhere on social networks. From Facebook, Zalo… to announce that you are avoiding debt.
All your friends' accounts need to be just a little bit related to you. They will come in and annoy everyone with the aim of urging you to pay off your debt.
#Hard to deal with lenders
Although the state prohibits and prevents this. But black credit institutions are still operating normally. Because the way they work is extremely sophisticated and dynamic. Lending locations are not located in any particular place, but instead they will move everywhere.
Operating in the form of gangs to lend money to usury. So it's very difficult for us to deal with people like this. Many of you ask questions black credit loans do not pay what will happen. That question is answered right below.
What's wrong with a black credit loan that doesn't pay?
Borrowing money from black credit without paying Legally you are the victim. At this time, the law will protect and punish the lenders. But in terms of social reality, if you don't pay for a black credit loan, you will face many difficulties.
Credit institutions will let people bother, threaten, and sweeten you to repay your debt. But if you don't pay them, every day there will be hundreds of calls to the phone numbers of you and your friends and relatives to disturb. They will use "spoof" words to talk to you or a loved one.
If you turn off your phone or don't listen, they will take more aggressive measures. It can be painting, pouring shrimp paste, kidnapping, beating, threatening the lives of loved ones. At this point we will have a serious mental crisis.
How to get rid of black credit debt, should you run away?
If you are no longer able to repay the loan. Then the only way is to leave the place where you live to escape debt. This is also not very good, but it will help you solve the problem for a while. But in return we will not be able to return to our homeland. Because when you return, they will be hunted and even beaten mercilessly.
We can also resort to the law to solve this situation. They will be sued if they lend at 150% interest. Coordinate with competent authorities to bring objects out into the light.
So I have given the information What's wrong with borrowing black credit without paying?. Readers can refer and draw their own experiences.
Editor: https://thongtinbank.com/
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