Is Shanghai Financial a loan company?

Shanghai Finance is not an online lending institution, but a third-party debt collection agency.

Shanghai Finance is originally a monthly magazine, but some people have recently received inexplicable debt collection text messages from the name Shanghai Finance. It seems that it may not be a loan company, but a third-party debt collection agency. . Many people have the habit of taking out loans. For some reasons, they may not repay in time. At this time, the first round of debt collection calls, text messages, or threats will begin. This should be commonplace. In this case, it is better to repay as soon as possible. However, users who receive this kind of text message need to first find out whether they are overdue and whether the collection text message is sent to them.

If it is indeed your own debt, you must face it proactively. Only by dealing with the debt can you solve the overdue collection once and for all. It is best to communicate with family members or contact friends to raise all the debt first. You must know that if overdue debts occur, additional high interest and late fees will be incurred. This is what we call a snowball. The more it snows, the more you pay. So if it is confirmed that it is your own debt, it is best to pay it back first, but Remember to use loans to support loans, otherwise you will fall into an endless cycle.

In addition, it should be noted that the loan may have nothing to do with you, but if you act as a third-party guarantee for others, and they find you if they don't pay back the money they owe, you may have to fulfill your responsibility to assist in repayment, so don't Easily make third-party guarantees. Usually, as long as there are court prosecutions, public security investigation, etc. in the letter, it is basically false. First of all, if you are really being sued, the court will notify you directly by phone number, and then mail you the relevant information by registered letter. Prosecution documents; secondly, if the public security organs want to investigate you, they will come directly to you.

Financial Institution refers to financial intermediaries engaged in the financial industry and is part of the financial system. The financial industry includes banking, securities, insurance, trust, funds and other industries. Financial institutions include banks, securities companies, insurance companies, trust investment companies, fund management companies, etc.