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What will happen if Xiaoyu can't get a loan?
Legal analysis: 1, credit will be damaged, and being included in the "blacklist" system will affect personal credit information;

2. Penalty interest and liquidated damages, high interest and corresponding liquidated damages;

3. Take charge of the fancy collection of the platform. After a long overdue period, the platform stopped persuading and began to take practical actions to collect;

Legal basis: Civil Code of People's Republic of China (PRC).

Article 667 A loan contract is a contract in which the borrower borrows money from the lender, repays the loan at maturity and pays interest.

Article 668 A loan contract shall be in written form, unless otherwise agreed between natural persons. The contents of a loan contract generally include terms such as loan type, currency, purpose, amount, interest rate, term and repayment method.

Article 669 When concluding a loan contract, the borrower shall, at the request of the lender, provide the true information about the business activities and financial status related to the loan.