Is the collection of assets in Yun Qi legal?

Sending short messages to remind borrowers of repayment is a common collection method for Yun Qi assets, but it needs to be emphasized that the short messages of Yun Qi assets should be true and effective, and do not involve any fraud. If the borrower does have overdue repayment, it is normal, legal and in line with business norms for Yun Qi Assets to send a reminder message.

Generally speaking, the collection process will include the following aspects:

1. overdue reminder: when the borrower fails to repay the loan within the time limit, the collection agency will remind the borrower to repay the loan by telephone, SMS, email, etc.

2. Debt verification: the collection staff will verify the debt with the borrower to ensure the accuracy of the debt.

3. Collection negotiation: communicate with the borrower and try to negotiate the repayment plan, including the repayment amount and repayment period.

4. Threats and pressures: If the borrower still fails to repay the loan, the collection agency will take some threats or pressures, such as threatening to take legal action and notifying the credit institution.

5. Legal action: When necessary, the collection agency can recover the debt through legal channels, such as suing the borrower.