What does the reminder mean?

The meaning of reminder letter notification. This is usually sent by the platform at the early stage of overdue. The dunning letter will generally be stamped with the official seal of your borrowing company, which will show your loan information, overdue amount, time and other information. A dunning letter has no legal effect, but only informs you of the fact that you owe money by letter. A dunning notice is someone else's reminder of your finances. Failure to implement or pay fees will be investigated for responsibility according to law.

Receiving a reminder from the bank means

The reminder is sent to those who are overdue. When you receive this notice, it means that your personal credit has been damaged by overdue repayment. Short-term overdue repayment, few times, will not cause obstacles to apply for loans or credit cards in the future. Therefore, it is your top priority to repay immediately after receiving the reminder. The collection notice is usually issued when the telephone collection is unsuccessful, which is intended to create a tense atmosphere and urge the borrower to repay the loan immediately. It is a means for banks to revitalize non-performing loans.