Is the third party urging to send and receive text messages saying that the trial is credible?

The court will not notify the parties by SMS, but by summons, which requires the parties to sign for it. However, if the borrower has not received any court summons or phone call before, the credibility of direct trial is very low. Even if you receive a court summons, you should identify the authenticity of the summons and avoid being deceived.

Therefore, the third party urged to send and receive text messages, saying that the court session was to scare the borrower to repay, but it was just a means of collection.

Consequences of default on repayment

& gt

Generate overdue interest

& gt If the repayment is not made within the time limit stipulated in the contract, the borrower will face overdue interest, which is usually collected on a daily basis. The longer the user is overdue, the more interest will be paid. In addition, some lending institutions will charge borrowers overdue liquidated damages.

Personal credit records are affected.

& gt At present, the application of personal credit information is more and more extensive, dealing with credit cards; Loans, even job hunting, generally check the user's personal credit. In loans overdue, it is likely that the lending institutions will upload overdue records to the credit information system, but failed to upload them to the central bank for credit information in time. You can also upload overdue records to Sesame Credit. If personal credit is tainted, it will affect all aspects of our lives.

Collected by lending institutions.

& gt General lending institutions will have their own collection parts. Once the user is overdue, the platform will take collection measures for the borrower, first of all, telephone collection; Text messages are used to collect money. If the borrower fails to repay the loan after collection, there may be a collection agency at home. Usually, the loan institution will collect it for about three months. If the borrower fails to repay the loan within three months, the platform can hand over the collection business to a special collection company for collection. Constant collection will affect the borrower's life.

Be sued by the court

& gt If the borrower is overdue for a long time and the amount owed is large, and the lender still fails to repay it after collection, the lender may take the borrower to court and the borrower will face litigation. After the court makes a judgment, the borrower must execute the ruling and repay the arrears to the lending institution. If the borrower still fails to repay the loan after the judgment of the court, the court will freeze and seize the borrower's property according to law.

How to deal with telephone collection

& gt If you receive a phone call, it means that you must pay back the money. Let them give you some time. Correct attitude, express willingness to repay, negotiate repayment time and interest reduction with them.

The Internet Finance Association stipulates that you can't make more than three calls a day, otherwise it is illegal collection. Therefore, when you receive more than three collection calls from the same platform in a day, you can complain to the Internet Finance Association about this platform or refuse to answer it.