The online loan is overdue and costs thousands of dollars. Is it really a home collection?

1. The collection behavior is legal: in China, the collection company can recover the borrower's arrears by means of door-to-door collection. According to the Contract Law of People's Republic of China (PRC) and relevant laws, the borrower's overdue repayment is a breach of contract, and the collection company has the right to take reasonable measures to recover the arrears.

2. Diversification of collection methods: collection companies usually use various methods to collect money, including telephone, SMS, door-to-door and so on. Door-to-door collection is a relatively direct way, which can improve the efficiency of recovering arrears and increase the possibility of repayment by borrowers.

3. Legal identity of the collection company: a legal collection company, which has passed the industrial and commercial registration and has the qualification of collection business. They will send professional collection personnel to the door to communicate face to face with borrowers and negotiate to solve overdue problems.

Summary:

Online loans are overdue, and there is a possibility of being collected at home, which is a legal and common collection method. If it is overdue, it is recommended to actively communicate with the collection company to solve the problem as soon as possible to avoid subsequent legal disputes and damage to credit records. Pay attention to ensure the legality of the collection company and avoid illegal collection.

Extended data:

1. People's Republic of China (PRC) contract law

2. Laws and regulations related to the loan contract