Is Bai Qian's financial prosecution true?

Of course it is not true. It's just a means of collection. The purpose is to urge you to pay back the money as soon as possible.

After being in debt, I have encountered various collection methods and seen many collection methods.

First of all, the collection process after the online loan is overdue is like this:

In the first stage, when the repayment date is approaching, the repayment date will be notified by SMS and robot phone, SMS and customer service phone. After the deadline, I will call you directly to urge you to repay the loan quickly and on time. Otherwise, I will contact my family and friends immediately, which will affect my credit information and be relatively gentle. This stage is the internal collection of the online loan platform.

In the second stage, after a period of collection, it was found that there was no repayment on time and there was an intention to avoid repayment. The platform may accept money from relatives and friends, which is basically a phone call and a text message.

In the third stage, after the previous collection fails, the platform will be outsourced to an outsourcing company, which will be responsible for the collection. This is the most uncomfortable stage in the whole collection process. There may be uninterrupted phone calls harassing us and our family and friends, and there may even be some gray means to force us to come forward to solve it. This stage is generally difficult, why should we outsource? The main reason is that internal collection does not dare to do it, and third-party collection dares to do it. Secondly, third-party collections also rely on commissions to collect money, and they will definitely try their best to make us pay back the money.

In the fourth stage, after a while, the last thing you may have to face is to close the door or go through normal legal procedures. In the case of legal procedures, even if the platform has improper means of collection, the money will still be returned. After the online loan is overdue, you will receive many threatening text messages and phone calls. The most frequently asked question is, won't online loans be prosecuted and imprisoned?

It is clear here that online loans will not go to jail if they are overdue.

Because the overdue online loan is only a civil dispute rather than a criminal responsibility, it is impossible to go to jail. What's more, the threat of being wanted is ridiculous. If it's not illegal, how can it be wanted? And worry about not taking the high-speed train or the plane? This is a question of being sued, executed, broken promises and restricted. It doesn't matter if it is overdue. As for whether it will affect the next generation? The premise is that malicious truancy is included in the list of untrustworthy people, and it is only for aristocratic schools that can't go to school, and the rest has no effect. But many friends are still worried about being sued.