Is it true that you don't pay back the money you owe, and you will be notified by SMS?

Received SMS notification of consumer finance. There will be the following situations: if you borrow money on the consumer finance platform for a certain period of time, then the SMS notification you received may be true. Of course, it is not excluded that some consumer financial platforms will put pressure on you in this way. If this happens, it is best to negotiate with the consumer finance platform and pay back the arrears as soon as possible. If we drag on, there may be other negative effects besides being sued. Finally, I advise you not to borrow too much! Because some consumer financial institutions will sue users who are maliciously overdue, users may also receive notice of filing arrears. However, many consumer financial institutions and lending platforms will put pressure on debtors by sending SMS notifications, but they have not actually prosecuted, so many people do not believe it. But if you receive a court summons or something, you need to pay attention. Of course, users should maintain good repayment behavior whether they sue or not. After all, in addition to prosecution, there are many negative effects caused by overdue. For example, after these platforms are overdue, they will report credit information to the central bank, and the platform and the third party will call emergency contacts. The overdue penalty interest will accumulate with the number of overdue days, so everyone should deal with the arrears as soon as possible. Once you need to sue, it will be more troublesome.

Generally, the arrears are overdue for more than 90 days, and no matter how much money, they will be prosecuted. If your debt is personal, it is a civil dispute and belongs to the scope of court acceptance. There is no legal minimum amount of debt. In theory, if you owe one yuan, you can also sue in court. If the amount owed is relatively small, it is up to the parties themselves to decide whether it is worth suing. If the borrower is really unable to repay, he should negotiate with the bank as soon as possible to express his willingness to repay and reach a repayment agreement as far as possible. If no agreement can be reached, the bank will file a civil lawsuit, and the court will mediate or make a judgment according to the situation. If you owe money to the bank, no matter how much, it will be very serious if you don't pay it back for more than three months.