What do you mean, I sent a reminder to go through the formalities?

If the loan on the 360 IOU is overdue, the platform or collection agency will send a collection letter, including relevant materials that need to be prepared.

1 and 360 IOUs are a peer-to-peer lending platform. When the borrower fails to repay the loan within the time limit, the platform may entrust a collection agency for collection. If the loan on the 360 IOU is overdue, you will receive a collection letter from the platform or collection agency.

2. A collection letter is a written notice, which can include overdue debt, the amount of debt to be recovered, the collection method and time, legal liability and other information. If the collection letter needs to be prepared, it is necessary to provide relevant supporting documents or materials for the platform or collection agency to collect debts.