Is it true that financial enforcement of SMS?

First, is it true that finance enforces SMS?

The loan platform is a non-bank financial institution, not an organ of the Ministry of Justice, and has no right to enforce it. The enforcement SMS sent by it is generally just a means of collection.

However, if the borrower applies for a loan from the platform financial institution and fails to repay the principal and interest on schedule as agreed in the loan contract, if the platform financial institution fails to collect the money, it will file a civil lawsuit and apply for enforcement according to the effective judgment document, so the borrower has the obligation to repay.

2. What are the financial institutions?

According to the different status and functions, financial institutions are divided into four categories:

First, the central bank. The central bank in China is the People's Bank of China. The central bank has the privilege of centralizing and monopolizing currency issuance, implements monetary and financial policies on behalf of the country, and occupies a dominant position in the entire financial system.

The second category is banking financial institutions. Including policy banks, commercial banks, rural banks, rural credit cooperatives and urban credit cooperatives. In the financial system, banks mainly play the role of credit intermediary, that is, through the creditor's rights business, all kinds of idle money of individuals and groups in society are concentrated, so that these idle money can be concentrated in banks, and then invested in various fields of social economy through the bank's asset business to promote social and economic development.

The third category is non-bank financial institutions. Non-bank financial institutions mainly refer to financial institutions that raise funds by issuing bonds, stocks or providing insurance for customers, and use the raised funds for entity investment or long-term investment. Non-bank financial institutions mainly include state-owned and joint-stock insurance companies, securities companies, finance companies, trust companies and third-party wealth management companies.

The fourth category is foreign-funded, overseas Chinese-funded and Sino-foreign joint venture financial institutions established in China. These institutions play an important supplementary role in the financial system and are an indispensable part of the financial system.

3. What is the situation of entrusting financial institutions to issue loans? Is to borrow money from the bank, right? Why pay business tax?

Entrusting a financial institution to issue loans is the money entrusted by the client. Don't borrow money from the bank. The business tax on entrusted loans shall be collected and remitted by the bank.

4. Which financial institutions can issue loans?

Venture loan I want to open a restaurant, but I have no funds. I hereby apply to China Agricultural Bank for a loan to start a business.