This is not true. Baiqian Finance will not sue immediately if it is overdue, but it will have an impact on your credit report.

Finance is an economic activity in which market entities use financial instruments to flow funds from the side with surplus funds to the side with scarcity of funds. Finance is the general term for monetary financing. Mainly refers to various activities related to currency circulation and bank credit. The main contents include: the issuance, release, circulation and withdrawal of currency; the absorption and withdrawal of various deposits; the issuance and recovery of various loans; bank accounting, cashier, transfer, settlement, insurance, investment, trust, leasing, exchange and discount , mortgage, securities trading, international trade and non-trade settlement, gold and silver trading, export, import, etc. Finance is an economic activity that uses currency itself as its operating purpose and adds value to currency through currency financing. It includes two forms: indirect investment and financing centered on banks and direct investment and financing centered on investment banks.

The content of finance can be summarized as the issuance and withdrawal of currency, the absorption and payment of deposits, the issuance and recovery of loans, the sale and purchase of gold, silver and foreign exchange, the issuance and transfer of securities, insurance, trusts, domestic , international currency settlement, etc. Institutions engaged in financial activities mainly include banks, trust investment companies, insurance companies, securities companies, investment funds, as well as credit unions, finance companies, financial asset management companies, postal savings institutions, financial leasing companies, and securities, gold and silver, and foreign exchange transactions. Wait.

Finance is an economic category formed after the emergence of credit money. It and credit are two different concepts: finance does not include physical lending but specifically refers to the financing of monetary funds (narrow sense finance). In addition to borrowing, people In addition to currency financing, funds are also raised through the issuance of stocks. Credit refers to the lending of all currencies, and finance (in a narrow sense) specifically refers to the financing of credit currencies. The reason why people want to create a new concept besides "credit" to specifically refer to the financing of credit money is to summarize a new economic phenomenon; the two economic processes of credit and currency circulation have been closely integrated. The most representative feature of finance is bank credit, which can create and reduce money. Bank credit is considered the core of finance.