What is the overdue online loan sent by mail?

Most cardholders or borrowers will not only receive numerous collection calls after the deadline, but also receive various letters from banks or platforms.

I. Collection Letter

This is usually sent by the platform at the early stage of overdue. The dunning letter will generally be stamped with the official seal of your borrowing company, which will show your loan information, overdue amount, time and other information. A dunning letter has no legal effect. It only informs you of the fact that you owe money in the form of a letter and urges you to fulfill your repayment obligations.

Second, the lawyer's letter

Many overdue friends are scared when they hear the lawyer's letter. In fact, a lawyer's letter is similar to a collection letter. Just a lawyer's tone, describe the fact that you owe money according to the relevant legal facts, and warn you of the legal consequences that you will bear if you fail to pay it back within the time limit. Receiving a lawyer's letter does not mean that the other party really wants to sue you, because many third-party collection companies are registered in the name of law firms, and sending letters is just a routine operation for them. What's more, many borrowers or cardholders really have no assets under their names. If they sue, if they don't recover their debts, they may have to pay legal fees.

Most cardholders or borrowers will receive numerous collection calls and letters from banks or platforms after the deadline. So what do these letters stand for and do they have legal effect? Let's talk about the differences between various letters today.

I. Collection Letter

This is usually sent by the platform at the early stage of overdue. The dunning letter will generally be stamped with the official seal of your borrowing company, which will show your loan information, overdue amount, time and other information. A dunning letter has no legal effect. It only informs you of the fact that you owe money in the form of a letter and urges you to fulfill your repayment obligations.

Second, the lawyer's letter

Many overdue friends are scared when they hear the lawyer's letter. In fact, a lawyer's letter is similar to a collection letter. Just a lawyer's tone, describe the fact that you owe money according to the relevant legal facts, and warn you of the legal consequences that you will bear if you fail to pay it back within the time limit. Receiving a lawyer's letter does not mean that the other party really wants to sue you, because many third-party collection companies are registered in the name of law firms, and sending letters is just a routine operation for them. What's more, many borrowers or cardholders really have no assets under their names. If they sue, if they don't recover their debts, they may have to pay legal fees.

Third, the court summons

The court summons is issued by the people's court, which means that the other party has filed a lawsuit against the fact that you are overdue. This kind of document belonging to state organs is generally collected without courage to forge a court summons. Pay attention when you receive a court summons. Don't judge by default at this time, because once the judgment is made by default, all the evidence and testimony are provided by the other party, which is very unfavorable to our debtor. Moreover, after the court makes a judgment, the other party may apply for enforcement with the judgment. If you have assets in your name, it will be executed. Even if you have no assets under your name, you will be included in the list of untrustworthy people, which will have a negative impact on future travel and employment.