Yes.

A collection letter is a document that urges the payment of money. It is a notice used by the payment unit or individual when the payment exceeds the specified period and fails to pay the money on time. So what is the purpose of a lawyer sending a reminder letter? Please see the detailed introduction below:

1. What does it mean to receive a reminder notice? It is easy to see from the literal meaning that the collection notice is issued to people who have overdue repayment, so there is no doubt that when you get this notice, it means that your personal credit has been damaged due to overdue repayment. destroy. However, you don’t need to walk on thin ice and be overly anxious, because short-term overdue repayments, and the frequency is small, will not cause obstacles to future loan or credit card applications. Therefore, after receiving the collection notice, repaying the loan immediately is your top priority. Collection notices are usually issued when telephone collections are unsuccessful. They are intended to create a tense situation and urge borrowers to repay immediately. They are a means for banks to revitalize non-performing loans. Of course, it does not rule out that banks may issue collection notices as a last resort. It can be used as a powerful piece of evidence when filing a lawsuit in court. However, if the borrower's default is not intentional and is caused by financial difficulties, the bank will usually not go to the step of filing a lawsuit. If it is really difficult to repay the loan, you can apply for a deferment of repayment or negotiated repayment. The so-called negotiated repayment means that only a part of the funds can be returned if you are able to do so.

2. The legal effect of overdue collection notices 1. When the court hears loan contract disputes, the first step is to determine whether there is a real debt relationship between the parties. According to the principle of proof of "who claims, who provides evidence", the plaintiff who claims the existence of a creditor's right is required to bear the burden of proof. Therefore, as a creditor in a loan contract, you need to keep documents that can be used as evidence, such as loan contracts signed by the defendant himself, stamped by the unit or signed by the unit staff, IOUs, IOUs, IOUs, receipts, receipts, delivery receipts, etc. Invoices, warehousing orders, settlement lists, etc., so that the burden of proof can be smoothly fulfilled when disputes over loan contracts occur. 2. In addition to the above evidence materials, the overdue debt collection notice signed or sealed by the debtor can also be used as the basis for determining the existence of a debt relationship between the parties. Therefore, when the debtor fails to repay the loan on time, the creditor should take timely measures, such as issuing an overdue debt collection notice to the debtor. If the debtor signs or seals the notice, although it does not necessarily mean that the debtor is willing to perform the debt, it can mean that the debtor is willing to perform the debt. Its recognition of the existence of the debt is the parties' self-recognition of the civil debt relationship, which can be used as evidence in their favor in litigation. 3. According to the "Reply of the Supreme People's Court on the Legal Effectiveness of the Borrower's Signature or Seal on the Collection Notice after the Limitation of Litigation Period has expired", in actual trading activities, after the statute of limitations for the creditor's claim has passed, , issues a notice to the debtor to collect due loans, and the debtor signs or seals the notice, which shall be deemed to be a re-confirmation of the original debt, and the creditor-debtor relationship shall be protected by law.