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Will Zhongwei Financial Dispute Mediation Center sue?
The agency will not.
The Zhongwei Financial Dispute Mediation Center is a private, non-enterprise unit whose main function is to handle financial disputes as a third-party collection platform. Although it may collect collections through phone calls or text messages, and claims that it will file a lawsuit with the People's Court if mediation fails or refuses to mediate, it actually does not have the power to directly sue itself.
Such institutions usually take a series of measures to prompt overdue borrowers to repay, including but not limited to telephone collection, door-to-door collection, etc. However, if mediation is unsuccessful, they may refer the case to the relevant legal agency or law firm, who will pursue legal proceedings on their behalf.
Therefore, although the Zhongwei Financial Dispute Mediation Center itself will not sue directly, if the borrower continues to fail to repay the loan overdue, legal means will be used to solve the problem.
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