Is it true that Baidu has the money to send a text message to my family saying that the lawyer's letter has been sent to the household registration and village Committee?

Qianhua is a credit service brand launched by Xiaoman Finance (formerly Baidu Finance), with low reliable interest rate, no need for mortgage, convenient review and fast loan. First of all, as a regular loan brand (click for details), there will be no overdue violent collection. At the initial stage of non-repayment, the staff will remind you to repay on time by SMS, telephone, etc. If the money is overdue, the borrower will be charged a penalty interest. The specific charging standard is subject to the loan page.

In addition, the overdue record of spending money will be reported to the People's Bank for credit information, which will affect your credit record. The money spent will be submitted in strict accordance with the credit management standard of the People's Bank of China, so the money spent on the loan will be creditworthy. If it is overdue, it will also leave an overdue record on your personal credit report.

Finally, overdue loans will affect your future loans. Users who are overdue for a long time cannot continue to borrow money, and they need to pay off all the debts before they can continue to try to borrow money. If overdue occurs frequently, your consumption limit may be reduced or cancelled. It is recommended that you repay on time, so as not to affect your personal credit. Keeping a good loan record will help you pass the loan review smoothly and may get a higher amount.

If in doubt, please contact the official customer service (95055).

The above is about the impact that users bear when they fail to pay back the money within the time limit. Money has a great influence in the online loan industry, attracting the attention of many users. As a very powerful credit platform, to provide quality services to borrowers, users also need to repay in time according to the regulations in the platform.

This answer is provided by Kangbo Finance, focusing on the interpretation of financial hot events, the popularization of financial knowledge, the pursuit of professionalism and interest, so that the financial content that the people can understand can convey financial value in vivid and diverse ways. I hope this answer is helpful to you.