Have any friends who borrowed Jiufuwanka been arbitrated?

Jiufuwanka will not apply for arbitration, but Jiufuwanka will sue users. I have answered questions about the prosecution of Jiufuwanka before.

Jiufuwanka is an online loan product. Although we have always said that online loan products are not formal, some online loan products have high interest rates. When users apply for online loan products, users have signed a formal loan agreement after all. If users have long-term malicious overdue behavior, many online lending companies will choose to sue users, provided that the amount of overdue users is huge.

1. Jiufuwanka will not arbitrate and will sue the user.

There is a big difference between arbitration and prosecution. If the institution only submits arbitration to the court, the arbitration has no mandatory effect, which means that the user may continue to be overdue. However, if online loan products directly sue users, they will not bear legal responsibility and will repay the arrears as soon as possible. Jiufuwanka once sued the user, and the overdue amount of that user was more than 30,000 yuan.

Second, many online loan products will sue users.

For those users who owe online loans, many people may owe only a few thousand yuan, and sometimes the overdue amount is only a few hundred yuan. In this case, there is basically no need to worry about being sued. However, if a person maliciously overdue for a long time, and the suspected amount is also very high, at least exceeding 6,543,800 yuan, users need to consider the risk of being sued. Online lending companies generally choose to sue users in batches and focus on these long-delayed cases. In this way.

Third, you need to evaluate your overdue situation.

I said in the second item above that if the amount you expect is not high, you don't need to worry about being sued. For those users who are not overdue, try to borrow money from relatives and friends around you and pay off their debts as soon as possible in this way. If your repayment interest has exceeded 24%, you can not pay the rest after 24%. As for the previous principal and interest, users should return them normally, and don't affect their personal life because of online loan products.