Has anyone received a text message from Chaoyang Debt Link?

Some netizens have currently received text messages from Chaoyang Net Debt Tong. This is also the reminder SMS applet of Beijing Chaoyang Branch. The name is Chaoyang Net Debt Tong. Net Debt Tong also targets some people who do not repay or evade payment. Collection will be carried out on repayments. Those who deliberately evade debt obligations and refuse to repay will need to bear certain legal responsibilities.

1. What behaviors in online lending are illegal?

The state clearly stipulates that private loans with an annual interest rate exceeding 36% are usury loans. The portion exceeding 36% is not protected by national law and cannot be collected, and the borrower does not need to repay it. If you pay it back, you can pay it back again. Therefore, if the interest rate you borrow from a small loan platform exceeds 36%, it is a loan shark and you do not need to repay it. If you have been harassed or threatened by a debt collection agent, don’t tolerate it. Go directly to the Mutual Aid Gold Association website to complain or call the police directly to protect yourself with legal weapons. The subject of the loan is an individual, and the lender is an enterprise legal person, individual partnership, individual industrial and commercial household approved and registered by the industrial and commercial administration department, or a natural person with the nationality of the People's Republic of China and full capacity for civil conduct. Institutions that induce "loans to support loans" are not allowed to collect debts. This is one of the common methods used by debt collection agencies. The debt collector pretends to give you good advice, but actually induces or forces the borrower to borrow money from his patient platform to repay the loan, making the borrower unable to extricate himself.

2. How long does it usually take to collect online loans?

The collection time of each online loan company is not necessarily the same. It is understood that most online loan companies focus on collection collection within 6 months or more than half a year, which is basically difficult to overcome, and will be packaged and negotiated with a third-party collection company. Therefore, most online loan companies will basically determine that the loan cannot be recovered after one year, and usually give up collection or sue to settle the loan. Whether to prosecute depends on the loan amount and the online lending company’s internal system.

Finally, many people now borrow online loans. When borrowing online loans, you must remember to repay them on time, otherwise it will have a great impact on your life, work and other aspects. Impact, and the future will also be a credit society, so a lot of information is transparent, so you must pay attention.