What should I do if I receive the information from Datong Arbitration Commission?

This can be completely ignored. Why? He just urged the arbitration commission to mediate your debt. If there is no money, how to mediate?

So just ignore it. If it is clear in the short message that the arbitration application has been submitted to the Arbitration Commission, and the Arbitration Commission has passed it, then continue reading!

Second, verify the nature of the arbitration commission. In general, most of the short messages sent by the arbitration commission are true, but the nature of the arbitration commission is very different, some belong to government-led institutions, and some belong to social organizations.

How to verify? As long as you open the enterprise search official website (Sky Eye Search is also ok), you can search the name of the arbitration commission. Then compare the label of the platform, and you will find its essence. For small and micro enterprises and social organizations, I don't need to say more about the authority of such arbitration committees. If you find that it is a public institution, you have to pay a little attention and continue to look down!

Three. Verify whether the Arbitration Commission has the right to arbitrate. This is easy to understand, that is, whether this arbitration commission has the right to arbitrate the dispute over the loan you owe. What do you think? Go directly to the background of the loan platform to find the loan contract or related agreement, focusing on the dispute handling method. If there is no arbitration clause in the contract or agreement, it will be ignored. If so, then keep reading!

Fourth, collect evidence of loan platform violations, including whether the comprehensive annual interest rate exceeds 24%, whether there is tying insurance, whether there is beheading interest, and whether there is overdue violent collection (there must be evidence). If these violations of the platform can be found out and there is tangible evidence, then in the face of such arbitration, everyone can ignore it. Even if the arbitration result is really made, the court enforcement court will not agree to their enforcement request. There were many violations, and the court directly rejected them.

Of course, some friends will ask, what should I do if my loan platform is compliant and the arbitration commission is formal? I just want to say to you:

If the online lending platform can withstand scrutiny and see the light, and want to go through legal procedures, you can directly sue. There's no need to beat around the bush and waste time like this, you know what I mean!

Generally speaking, after the online loan is overdue, we have received the arbitration message. We can't panic. Let's think calmly and look at our solvency first. If you have a certain solvency, I suggest negotiation, reduction or exemption, and handling debts by stages.

If there is really nothing you can do and it is impossible to pay it off for a long time, then I suggest you leave it alone for the time being. No matter whether the other party arbitrates or sues directly, you won't get the money anyway. At most, you can become a person without faith, just keep yourself alive and work hard to make money.