Is Fenqile’s overdue lawyer’s letter true or false?

It may be true.

In court, the court summons shall prevail, and the lawyer's letter is only a method of collection. A relevant agreement is signed with the user during the loan process. If the user refuses to perform the repayment agreement, the user will be sued and may receive a lawyer's letter.

Under normal circumstances, banks will provide a buffer time of 1-3 days. This is a buffer time service. The specific buffer period is subject to the bank's regulations. If it is not returned within the due date, it will be deemed as overdue, and the overdue record will be automatically uploaded to the credit reporting system.

Is Fenqi Le on the credit report?

When users use Fenqi Le, as long as they fail to repay the loan on time, they may have a personal credit report. As for the user's loan record when applying for an installment loan, it will not be recorded in the personal credit report. This mainly depends on who the lender is when the user uses the installment loan. In fact, regardless of whether there is an installment record in the user's personal credit report, as long as there is no overdue payment, it will not affect the personal credit report and will not have a negative impact on the user. A bad credit record will make it difficult for users to borrow loans in the future, making it difficult to buy a car or a house. Therefore, as long as it is an installment loan, you must repay it on time.