What are the consequences of private lending failing to pay off the money

Facing the risk of being sued, if the obligation of the effective legal document (including judgment and mediation) is not fulfilled after obtaining the effective legal document, the application for enforcement can be made in accordance with the civil procedure law and relevant laws and regulations; During the execution process, if they still refuse to perform the obligations specified in the effective instrument, they will be sealed up, frozen and seized property (including freezing all bank cards, movable property and immovable property under their names). Because they have no property to perform all their obligations, they will become dishonest persons in accordance with the provisions of the Supreme People's Court on publishing the list of dishonest persons to be executed. Becoming a dishonest person will affect personal credit investigation and children's education.

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