Will Wanda Loan really sue?

It's true. There are some prosecutions. If you receive the letter of indictment, you can enter the case number in the local court, official website, and check whether it is true or not. If you receive SMS notification, most of the cases are false information. Wanda Loan is a rare conscience loan with low interest rate and no routine, so Wanda Loan can operate normally for so long. It is precisely because Wanda Loan is formal and reliable that Wanda Loan is very strict in handling overdue behavior of borrowers.

The severity of Wanda loans overdue is different from one day to several months, so you must be clear about your overdue situation. You can check your repayment plan in Wanda Loan APP- My Personal Center-Loan Record, whether it is overdue and when it is overdue. If the repayment date is overdue, the penalty shall be calculated on a daily basis from the first day. Everyone's rate is different. If it is overdue within three days and the amount is not large, timely repayment will have no effect. Don't worry too much. After more than three days, the credit will basically be reported. And overdue is a breach of contract. Once overdue, the account risk will greatly increase. Even if there is a quota next time, the interest will be higher than others. Secondly, overdue collection may affect everyone's normal life.

Under normal circumstances, the arrears do not exceed 1 1,000 yuan, and few institutions will sue borrowers, because the time cost is too high, and it is not as effective as telephone collection. However, if you receive the indictment, you need to check the authenticity of the indictment first. You can log in to the local court in official website, enter the case number, and you can query the details of the case. Moreover, the document must be stamped with the seal of the president of the court, and a civil complaint and evidence materials will be attached, so it is easy to distinguish the authenticity. Secondly, if it is really sued, the borrower should contact Wanda Loan Customer Service to negotiate repayment, so as to minimize the liquidated damages or repayment by installments. In a word, negotiation is the best way. If the negotiation is successful, the other party may withdraw the lawsuit.

Legal basis:

Criminal law of the people's Republic of China

Article 193 Whoever defrauds a bank or other financial institution of loans for the purpose of illegal possession under any of the following circumstances, if the amount is relatively large, shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also be fined not less than 20,000 yuan but not more than 200,000 yuan; If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than ten years, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan; If the amount is especially huge or there are other particularly serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 10 years or life imprisonment, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan, or his property shall be confiscated: (1) fabricating false reasons such as introducing funds and projects;

(two) the use of false economic contracts; (3) using false documents; (four) the use of false proof of property rights as a guarantee or repeated guarantee beyond the value of collateral; (5) obtaining loans by other means.