Information shows that BOC Consumer Finance Microfinance reserves the right to sue those who are overdue. However, according to the arrangement of the collection part, it is difficult to have a clear timetable for how long the prosecution will be overdue. Generally speaking, if the overdue time exceeds 3 months, the risk of being sued is relatively high.
Before the prosecution, BOC consumer finance micro-loans often collected debts by other means, forcing borrowers to pay back the money as soon as possible. The collection methods are:
1 telephone collection
From the first day when the borrower is overdue, the Bank of China Consumer Finance Microfinance will arrange staff to collect it at home. However, in the early overdue period, the "reminder" is the main one. After that, collection calls will become more and more frequent.
Step 2 call the contact person
For users who refuse to communicate or even "play without a trace", BOC Consumer Finance Microfinance will call the borrower's contact person and ask the other party to urge the borrower to repay in time.
3. Family collection
In the case that BOC Consumer Finance Microfinance deems it necessary, staff will be arranged to collect money at home to put pressure on borrowers.
Above, I introduced how long it will take for BOC to sue for consumer finance micro-loans. Generally speaking, there is no timetable for when to prosecute, but there is indeed the possibility of prosecution. Therefore, overdue friends should try their best to pay off their debts.
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