Why do I have to notify my friends after I report all my debts online?

Online newspapers will inform friends that they use the information you provide to inquire about your family, relatives and friends. Once you borrow money from them, they will use the information you provide to inquire about your family, and even relatives and friends will be involved. If you don't pay back on time, you will call your family or relatives and friends. Therefore, it is best not to look for private or online loans casually, but to go to the bank for loans through formal channels.

Friends who have overdue online loans can receive SMS explanations.

Because after the online loan is overdue, the relevant institutions or platforms will notify the overdue person to repay the loan by SMS or telephone. If the overdue personnel can't contact or make repeated calls and still don't repay, the relevant institutions or platforms will notify their emergency contacts by SMS or telephone to urge them to repay in time. Because friends can receive text messages, he left his friend's phone number in the emergency contact when applying for online loans, and if this person fails to repay after many times of collection, his friends may receive such text messages.