Why did inclusive finance text me that I was a co-debtor?

By texting, inclusive finance is a co-debtor. The main reason is that the borrower is also a debtor. It is understood that the joint debtor mainly means that the borrower is both a borrower and a debtor. At the same time, I also learned that inclusive finance is a small and micro enterprise, which mainly provides effective financial services for the people.

I. Understanding inclusive finance

Pratt & Whitney refers to providing appropriate and effective financial services to all social strata and groups that need financial services at an affordable cost in accordance with the requirements of equal opportunities and the principle of sustainable management. Special groups such as small and micro enterprises, farmers, urban low-income people, poor people, the disabled and the elderly are the key service targets of inclusive finance. Vigorously developing inclusive finance is an inevitable requirement for China to build a well-off society in an all-round way, which is conducive to promoting the sustained and balanced development of the financial industry, promoting mass entrepreneurship and innovation, boosting the transformation and upgrading of economic development mode, and enhancing social fairness and harmony. On August 5th, 20 18, the China inclusive finance Innovation Report (20 18), which was compiled by the National Finance and Development Laboratory in cooperation with Weizhong and Bank, the national party media information disclosure platform, was publicly released in Beijing [2] 10. In June, the Bank of China Insurance Regulatory Commission released an excerpt from the China inclusive finance Development Report.

Second, the joint debtor.

The borrower is also a debtor. If there are more than two debtors, they are joint debtors and share the obligations according to the determined share. Every debtor with joint and several debts has the obligation to pay off all debts, and the person who has fulfilled the obligation has the right to ask the person with joint and several debts to pay his share of the patients. Article 84 of the General Principles of Civil Law stipulates that debt is a specific relationship of rights and obligations between the parties according to the contract or the law, with the creditor as the creditor and the debtor as the debtor. The creditor has the right to require the debtor to perform its obligations in accordance with the contract or the provisions of the law.

As can be seen from the above, the joint debtor is both a borrower and a debtor. I suggest that if you borrow money, you must repay it in time to improve your credit score.