Why does the credit card written on the short message expire?

There may be the following reasons for writing a credit card by SMS after the online loan is overdue:

1. Simplify communication: The borrower provides personal information, including credit card number, when applying for online loan. Using credit card as contact information can directly relate the personal information of the borrower and facilitate the communication of debt collectors.

2. Prompt repayment method: Credit cards are common lending tools, and debt collectors may want to remind borrowers to pay attention to credit card repayment to urge them to pay off their debts.

3. Establish a deterrent effect: Credit cards can be used as contact information to remind borrowers of the adverse effects of default on their credit records and credit scores. Doing so may have a deterrent effect on borrowers, thus prompting them to repay as soon as possible.

To sum up, on the third-party big data credit platform, such as Netdome Data, obtaining the credit big data report and understanding the comprehensive credit score can help us understand the borrower's credit status more comprehensively and take more effective collection measures.

Extended data:

With the rapid development of internet finance, the problem of overdue online loans has become increasingly prominent. In order to improve the recovery rate of overdue debts, collectors often use various means to get in touch with borrowers, including text messages and telephone calls. At the same time, as a convenient payment tool, credit card is often used by debt collectors to remind borrowers to repay. When dealing with overdue loans, borrowers should communicate with the collection party in time and make repayment plans as soon as possible to avoid the long-term impact of bad credit records on their credit scores.