Will the notification SMS for overseas visits really come to your door?

Due to the increased supervision of the state on collection, most financial institutions will not choose to collect money privately. In most cases, after the borrower arrives in loans overdue, financial institutions mainly urge the borrower to repay the loan by phone or SMS in the first three months. If the borrower is overdue for more than 3 months, the financial institution has the right to sue the borrower.

However, it takes a lot of time, manpower and material resources to sue borrowers, and most financial institutions will still focus on collection. Therefore, many financial institutions will send people to collect money at home, but according to the regulations, it is necessary to bring a third-party notary to collect money at home and obtain the consent of the borrower in advance. In other words, the formal collection process should be that the collection personnel first call the borrower with WeChat official account to inform them of their wishes and need the borrower's consent. If the borrower doesn't agree, the collection staff can't come to the door for collection, which is illegal and belongs to breaking into houses.

Indeed, many financial institutions entrust the collection to a third-party collection company. Such collection companies often resort to violence, and they will come directly to the door and even splash paint. This is also illegal. Borrowers can collect evidence and then directly sue collection agencies or financial institutions. However, it should be noted that the borrower's repayment attitude must be good.