What should I do if I receive a reminder letter?

If you receive a reminder letter, you should treat it positively and deal with it. The main function of the reminder letter is to warn you. Because you don't pay back the money, the creditor sent a letter to urge you. If you don't pay back the money, the creditor may sue for paying back the money. At that time, the court may enforce the property because you lose the case, and pay off the debt by discounting, selling or auctioning the relevant property, which may be included in the list of untrustworthy people.

The dunning letter is for overdue people, so there is no doubt that when you receive this notice, it means that the loan credit has been damaged by overdue repayment. However, short-term overdue repayment, with few times, will not cause obstacles to applying for loans or credit cards in the future. Therefore, after receiving the dunning letter, immediate repayment is the top priority. The collection letter is usually sent when the telephone collection is unsuccessful, which is intended to create a tense atmosphere and urge the borrower to repay immediately. It is a means for banks to revitalize non-performing loans. Of course, it does not rule out that banks can be used as strong evidence when they bring a lawsuit to the court as a last resort.

Legal basis: Article 675 of the Civil Code of People's Republic of China (PRC).

The borrower shall repay the loan within the agreed time limit. If the term of the loan is not agreed or clearly agreed, and cannot be determined according to the provisions of Article 510 of this Law, the borrower may return it at any time; The lender may urge the borrower to return it within a reasonable period of time.