Is the notice of arbitration issued by the reminder really false?

In the current online lending platform, when the general debtor fails to repay the loan on time, in addition to the normal telephone collection method, the borrower will be required to repay the loan through online arbitration, which is also the way that most online lending platforms will take now.

Online arbitration refers to an online dispute resolution method that provides arbitration services by using network technical resources such as the Internet, and the whole process of filing, accepting, hearing, ruling and delivery is conducted online. Generally, it will not take the form of offline court proceedings. After all, like many previous online lending P2P platforms, it is illegal lending itself, even if it is a lawsuit, it is more beneficial to borrowers.

Some borrowers will receive arbitration notice or SMS notice from online lending platform after a period of overdue. What should they do with the debtor at this time? What should they do?

First of all, we must understand that the arbitration promotion agency is basically composed of a network of cooperative lawyers where the local intermediate court is located, and the online lending platform applies to the enforcement court for enforcement, thus helping the online lending platform to complete the legal recovery of overdue loans. The award is final, and once made, it has legal effect, just like the judgment of the Court of Final Appeal. Online arbitration is also recognized by law, and borrowers should take it seriously.

For the borrower, after receiving arbitration, we must first distinguish between true and false!

At present, many collections are often made by sending arbitration messages and emails to let borrowers repay as soon as possible. In fact, these are all fake. They just want to scare the borrowers. They won't issue a notice of arbitration. It's really arbitration.

The notice must be an acceptance notice issued by the arbitration institution. Under normal circumstances, the reasons for the robbery, the identity information of the other party, the arbitration institution, and the contact number will be marked. If you are uncertain, you can call the arbitration institution for on-site verification.

When the arbitration notice is confirmed to be true, the defendant is generally required to submit the relevant notice within 15 working days.

Written defense, if no written defense is submitted, will not affect the arbitration proceedings. Here, for the debtor, it is still necessary to pay attention. In this case, it means that arbitration has accepted the lawsuit filed by the online lending platform and will send you a notice. If the debtor fails to take any corresponding measures after receiving the notice, the degree of arbitration will still be implemented in accordance with the relevant contents of the procedures and loan agreement. This is obviously quite unfavorable to many debtors. At this time, we should submit relevant evidence materials according to the contents of the notice and actively respond to the lawsuit instead of ignoring it.

If you are not satisfied with the final arbitration award, you can still do so.

You can apply to the people's court.

Prosecute, if not prosecuted at the expiration of the time limit, the award will take legal effect! Similarly, if the defendant refuses to perform the arbitral award,

The applicant has the right to apply to the people's court for compulsory execution!

There may still be some debtors who don't quite understand why most online lending platforms are willing to adopt the form of online arbitration. In fact, this is another way for them to collect money. On the one hand, it will put pressure on the debtor. If the debtor can pay off the debt as required within the corresponding time, he may withdraw the lawsuit. On the other hand, many debtors lack legal knowledge, and online arbitration can make them feel threatened by law. In addition, in this process, the debtor also needs to spend a lot of time responding to the lawsuit. If nothing is done, the final judgment is obvious, provided that arbitration must accept the application of the online lending platform. In this case, some debtors may prepay. Generally speaking, the ultimate goal is to ask debtors to pay off their debts quickly.