Microfinance10.2 million overdue. I received a legal notice today. What should I do?

What you should say is a lawyer's letter. If you receive this, I suggest you take the initiative to negotiate with the platform.

For this negotiation problem, you obviously can't negotiate with the customer service of the platform alone. They have no right to negotiate this action. Personally, I suggest that you try to find the debtor or manager of the platform to negotiate repayment. Whether the online loan will be prosecuted needs to be verified in many aspects, so it depends on the platform nature of the debt you owe, whether it is on the credit report, and also on the amount you owe. If it is tens of millions, this debt is unlikely to be prosecuted, but for 1.2 million yuan, it is indeed a relatively high debt. Prosecution may be the ultimate way for the platform to collect debts, and it is also related to your overdue time. For the credit report, if it is overdue for 90 days, it is likely to become a untrustworthy person. Issues such as dishonesty, whether online loans are credit information, and cyber hackers can all be inquired. You can look for a professional platform on WeChat, such as 100 good data, and you can clearly see whether your online loan and credit problems have been prosecuted. Then analyze and deal with it according to your own specific situation.

Under normal circumstances, if you really don't have the ability to pay your debts in time, you must go to the platform for consultation and communication in time. For most platforms, you don't want to take the road of prosecution. After all, the other party just wants you to pay back the money and doesn't want to embarrass you from time to time. As long as you actively deal with your debt, even if it is overdue, it is a little late. The platform will only give you crazy collection, but for the debtor, it is slow repayment, unwilling to repay, and malicious breach of contract.

If it is overdue, it must be psychologically strong. Stress resistance is the key, but your attitude must be correct. You can solve the debt without thinking about escaping, and you should be calm and calm in the face of collection. Negotiate before you arrive, and tell you clearly that the small loan can be repaid through negotiation, but you are using the wrong method. The possibility of being sued is very small, but it is not impossible. Therefore, it is urgent to find a way to pay off debts as soon as possible. On the way to paying off debts, you must be yourself, don't be confused, and don't back down.