What you can do is to repay the loan as soon as possible. If you do have difficulties, you can negotiate with the lending institution in good faith and repay the loan in installments. In fact, a lawyer's letter is similar to a dunning letter. Just a lawyer's tone, describe the fact that you owe money according to the relevant legal facts, and warn you of the legal consequences that you will bear if you fail to pay it back within the time limit. Receiving a lawyer's letter does not mean that the other party really wants to sue you, because many third-party collection companies are registered in the name of law firms, and sending letters is just a routine operation for them.

Extended data:

First, many online loans now, although they can't give credit when they are loaned, will generate negative credit when they can't afford the loan, which is to give credit. However, this situation is generally only for formal online lending platforms, and some are informal. Private platforms will not receive credit information. If it is overdue, you need to pay back the remaining loans, otherwise the credit investigation will be recorded, and it will be greatly affected if you want to handle credit business in the future. Take legal responsibility. For a compliant online lending platform, the terms in the contract, especially the loan interest rate and related fees, are in strict compliance with relevant national laws and regulations, and this online lending platform is protected by law. If the borrower is overdue for a long time and the amount is large, the online lending platform will go through relevant legal procedures, and the borrower will be sued, not only paying back the money, but also bearing some legal responsibilities!

Second, online loans are overdue and need to bear the consequences.

1. Credit information is affected.

Nowadays, many online loans can't be credited when they are loaned, but they will generate negative credit when they can't afford the loan. This is to be credited. However, this situation is generally only for formal online lending platforms, and some are informal. Private platforms will not receive credit information. If it is overdue, you need to pay back the remaining loans, otherwise the credit investigation will be recorded, and it will be greatly affected if you want to handle credit business in the future.

2. Be collected by "tenderness".

Many loan platforms abide by relevant national laws and regulations when borrowers do not repay, but the amount is not particularly high. They will take some relatively "gentle" collection methods, such as calling themselves or their families from time to time. It's not harsh, but it's also annoying.

3. bear legal responsibility.

For a compliant online lending platform, the terms in the contract, especially the loan interest rate and related fees, strictly abide by relevant national laws and regulations, and this online lending platform is protected by law. If the borrower is overdue for a long time and the amount is large, the online lending platform will go through relevant legal procedures, and the borrower will be sued, not only to pay back the money, but also to bear some legal responsibilities.

4. "violent collection".

Some people accidentally fall into or deliberately find that non-compliant online lending platform. Such non-compliant online lending platforms will adopt some means of violent collection.