China Post Consumer Finance keeps sending me collection text messages recently, what should I do?

If you are unable to repay, you can call the platform directly and tell them that you are not ready yet and let them choose to delay. If the other party does not accept or threatens you, don't worry and let them sue. The final result of the lawsuit is that the remaining interest will not be charged and the repayment will be delayed.

1. According to relevant statistics, as of May 2020, the non-performing loan ratio of my country's banking industry has exceeded 2, and the bad debt ratio of the online lending industry has reached 12, both reaching record highs. This has also led to the development of the collection industry. As of the first half of 2020, there were 10,200 collection-related enterprises across the country, with more than 300,000 people engaged in collections. The huge collection market has also created many outstanding companies, such as Hunan Yongxiong, "China's largest collection service provider". Currently, the total amount of overdue loans in collection is 44.6 billion yuan, and the operating income in the first half of 2019 alone is 515 million yuan, which is higher than the profits of many financial companies. Collections is a lucrative industry. Not only does the company make money, but so do the employees. Generally speaking, the commission ratio charged by employees is 10-30, some overdue commissions can reach 50-70, and even some bad debt commissions can reach 90. Although some newcomers don't get much commission in the first month, after they become proficient, they can get a commission of 20,000 to 30,000 yuan to pay off a large debt of 100,000 yuan. Some people can earn hundreds of thousands a year.

2. However, with huge profits, violence also occurs from time to time, leading to many tragedies. In April 2017, a sophomore girl in Xiamen owed a huge amount of 570,000 yuan due to rolling interest on an online loan. The debt collector not only went crazy to collect the debt, but also sent her nude photos to relatives. In the end, the girl chose to commit suicide by burning charcoal. In July 2018, 24-year-old Zhong was found to have committed suicide by taking drugs in a rental house in Longhua District, Shenzhen. After Zhong committed suicide, his family still received a large number of debt collection text messages and phone calls. Since 2019, the collection industry has been strictly supervised, and relevant departments have vigorously cracked down on violent collections. In April 2019, the Ministry of Industry and Information Technology rectified and standardized violent debt collection methods, especially telephone debt collection methods; in December 2019, the Central Bank issued the "Implementation Measures for the Protection of Financial Consumer Rights and Interests of the People's Bank of China (Draft for Comments)", which imposed a number of restrictions on debt collection ; On June 28, 2020, the Criminal Law Amendment (11) was submitted to the Standing Committee of the National People's Congress for review, accurately defining illegal debt collection behavior for the first time. For the entire collection industry, this is like a reshuffle, eliminating a large number of violent collection companies and greatly weakening the combat effectiveness of the collection industry.