What should I do if I receive a filing notice for an overdue loan?

It may be true, because some consumer financial institutions will prosecute users who maliciously fail to pay overdue payments, so it is possible that users will receive a notification of filing a debt case. However, many consumer financial institutions and lending platforms will send text message notifications to put pressure on debtors, but they do not actually prosecute, so many people do not believe it.

However, under normal circumstances, the notification of filing a case will not be notified by SMS, but in writing. Therefore, after users receive similar text messages and are not sure whether they are true or false, they can go to the court to check and verify. Generally speaking, similar text messages are mainly sent by debt collectors or third-party debt collectors. After all, many people are still worried about the filing of cases in court. Therefore, debt collectors take advantage of users’ psychology to exert pressure, in order to urge users to pay the bills as soon as possible. Pay off the debt.

If you take a loan on a consumer finance platform and it is overdue for a certain period of time, the SMS notification you receive may be true. Of course, it is not ruled out that some consumer finance platforms will put pressure on you in this way. In this case, it is recommended that users deal with it quickly after the loan platform is overdue. The longer the arrears are, not only will more penalty interest be accumulated, but it will also have an impact on subsequent negotiation applications.

What is consumer finance

Traditional consumer finance is a modern financial service method that provides consumer loans to consumers from all walks of life. Whether from the perspective of financial product innovation or expansion of domestic demand, consumer finance pilots are of positive significance. Generally speaking, consumer finance refers to loans issued by consumer finance companies to borrowers for the purpose of consumption (excluding the purchase of houses and cars).

Consumer finance refers to a modern financial service method that provides consumer loans. It is open to all strata of society and has no limited groups. The promotion of consumer finance is in line with my country's current macroeconomic situation. The loans provided by consumer finance are consumer loans, and the loan funds can only be used for consumption. In addition to consumer loans, consumer finance loans usually do not require guarantees and mortgages to apply for. Therefore, these types of loans are also credit loans, that is, the borrower can apply with good personal credit. Of course, the lack of guarantees and mortgages means that consumer finance loan interest rates are on the high side.