1. If someone asks you to borrow money and you don’t want to lend it to them, how should you refuse?

If someone asks you to borrow money and you don’t want to lend it to them, how should you refuse? I will tell him directly that I am also strapped for money! No money! The premise is that I don’t want to lend it to him! You should tell him directly! No need to go around in circles! If this is not the case, he will come to borrow it next time! This is also the conclusion I came to after lending money to friends in the past few years! If a friend is really worth helping and knows the basics, then I will definitely help if I can! A good friend doesn’t just lend you money casually! Unless you have to! They say that helping the urgent does not help the poor! I personally feel it is wrong! It should depend on the actual character! Only then can we make a conclusion! What if you give a friend a hand who is poor and ambitious?

In short, borrowing money still depends on a person’s nature and character! And don’t be soft-hearted!

2. What should I do if I help someone else with a loan and they don’t repay it?

Legal analysis: Helping someone else with a loan but not repaying it can be solved in this way: helping the lender to collect the money; helping it to repay; because you helped the lender to repay the loan; If someone else fails to repay a loan, the lender will find the person who helped with the loan and require him to repay it as soon as possible. If someone else uses your ID card to take out a loan, you will not be held criminally responsible if you fail to repay it. And any bad records caused by repayment will be recorded on you. If conditions permit, you can consider advancing the debt first and then pursuing repayment from the debtor. Because legally speaking, if the guarantor pays the debt for the debtor, he generally has the right to recover from the debtor. To do this, you need to get the previously signed loan contract and guarantee contract from the bank.

Legal basis: Article 490 of the "People's Republic of China and Civil Code" If the parties conclude a contract in the form of a contract, the contract is established when both parties sign, seal or fingerprint. Before signing, sealing or fingerprinting, one party has performed its main obligations and the contract is established when the other party accepts it. Laws and administrative regulations stipulate or the parties agree that a contract should be concluded in written form. If the parties do not use written form but one party has performed its main obligations and the other party accepts it, the contract is established.

3. What should I do if I give someone a loan and he doesn’t repay the loan?

You can recover from the other party after repaying the loan.

There will be consequences for loan money: if the lending institution fails to fulfill the judgment when it is due.

Guaranteeing a loan for others will affect your own loan repayment. Normally, as long as the guarantor meets the loan conditions and has a credit record suitable for personal loans. If the guaranteed loan debtor does not repay on time, the bank will collect debts from you, and you will be saddled with a certain amount of debt.

And if the applicant fails to repay in time, it is likely to cause a bad credit record for himself, which will have an impact on his loan application. The platform will also worry about your credit risk and your loan limit. of reduction.

Specific impacts:

1. The guarantor’s responsibility is to pay back the loan if the lender is unable to do so. Even if the lender is not applying for a personal loan, RV, car loan, business loan, or provident fund loan, the loan application may not be approved because the loan is insured for others.

The degree may be affected.

Generally, when you apply for a loan, the bank will use your personal qualifications to determine how much loan it can extend to you. In other words, you exist because of your personal qualifications, but if you only bear your own credit risk, there may not be much of a problem.

However, if you are a guarantor for someone else and you also assume a platform for someone else, you will be very worried that the loan amount you can get at this time may be lower than expected. That's a lot.

3. Guarantor for others personally

Guarantors provide loan guarantees for others. For some people, they don’t take the repayment to heart at all, and they let their personal levy When the credit is tainted, it will also be tainted on the guarantor's personal credit report.

And if the other party becomes a black account, you are also very likely to be pulled by the loan platform

4. What to do if you don’t repay the loan to others

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