Will consumer finance come to your door if it is overdue?

It is fake that consumer finance will come to your door to collect collection. If the amount you owe is not large and the overdue time is not long, then generally speaking, it is not Will really come to your door. Unless the amount you owe is very large, hundreds of thousands, and it is seriously overdue, in that case it is not impossible to come to collect the debt.

Extended information:

1. What is consumer finance:

1. Consumer finance is a modern financial service method that provides consumer loans to consumers of all walks of life. Under my country's current macroeconomic situation, the timely introduction of relevant management measures is in line with the trends and needs of the objective economic situation. From the perspective of financial product innovation, personal credit business is an area that traditional banks cannot fully benefit from. The establishment of a professional personal consumption finance system can better serve individual residents.

2. Consumer finance companies are non-bank financial institutions established with the approval of the China Banking and Insurance Regulatory Commission to provide loans for consumption purposes to individual residents in China. For example, Home Credit Consumer Finance, Immediate Consumer Finance, Zhongyuan Consumer Finance, China Post Consumer Finance, Shanxi Merchant Consumer Finance, etc., as well as Du Xiaoman Finance, Suning Finance, JD Finance, etc. ,

Customers can go to the above-mentioned consumer financial institutions to apply for loans. Generally, as long as the personal credit is good and they have sufficient repayment ability, they can successfully borrow. In addition, some consumer finance companies cooperate with other loan platforms and can also act as lenders to issue loan funds.

2. Consumer finance supervision has tightened, and the growth rate of the industry has slowed down significantly

1. my country’s consumer finance industry has developed to a mature stage. According to the "China Consumer Finance" released by the China Banking Association Company Development Report (2021)", as of the end of 2020, the asset size of domestic consumer finance companies exceeded 500 billion yuan for the first time, a year-on-year increase of 5.18%; loan balances increased by 4.34% year-on-year. In comparison, the year-on-year growth rates of asset size and loan balance in 2019 were 28.67% and 30.5% respectively, indicating a significant slowdown in industry growth.

2. At the same time, the consumer finance industry will face further tightening of regulations in 2021. In August this year, regulatory authorities in many places required consumer finance companies within their jurisdictions to fully control personal loan interest rates within 24%, and set up a transition period for adjustments, which directly led to the compression of profit margins in the consumer finance industry.

3. Prior to this, in response to the chaos of medical beauty loans, in June 2021, the Internet Finance Association issued the "Initiative on Regulating Financial Products and Financial Services Related to Medical Beauty", requiring financial institutions not to engage in any illegal activities. Cooperate with medical beauty institutions and do not provide relevant financial products and services to any customers of illegal medical beauty institutions. At the same time, with the implementation of the policy "Opinions on Further Reducing the Homework Burden and Off-Campus Training Burden of Students in Compulsory Education" (referred to as "double reduction") issued by the General Office of the Central Committee of the Communist Party of China and the General Office of the State Council in July 2021, the training field The supervision of loans has been strengthened, and training loans related to exam-oriented education have also been affected, and the business has shrunk significantly. Immediately, Consumer Finance sent a message saying it was coming to your door after the deadline. Is this true?

Actually, the specifics of this depends on the size of your overdue amount and the severity of it. But regarding the problem of door-to-door, we are actually the least worried about it, because he simply doesn’t care. We won't come to our door. What we should worry about is whether this record will be like our credit system. If it is not listed, then we can pay it back slowly. The impact will not be great. But if it is listed in the credit system, It is best not to be late, because if your credit report is spent, the impact will be very big.

As for him going to your home, you really don’t have to worry about it, because on many online loan platforms, they will send text messages saying that they are going to your place of residence. In fact, this is all in Those who scare you are not very credible, but if you don’t want them to threaten you, then you must not lose contact and stay in contact. Then when talking to them, you should have a better attitude and show that you actually want to pay back the money, but funds are tight now, so it will take a little time.

If you owe a lot of money, usually more than 50,000 yuan, then the speed of his reminder will be particularly frequent. If it is tens of thousands, it will generally be better. .

And they don’t know where you live at all, so they won’t come to you. Even if they come for a long time, if you ignore them or can’t find them, they will leave. It is impossible for him to say that he is blocking you in your home, because in this case, he is breaking into a private house, and you can call the police to deal with it.

If you owe a lot, you must have a good attitude. Even if they do come, you should openly invite them in and negotiate with them. If you are not satisfied, you can call the police directly. If you owe If not, they won't come at all, because this trip is not enough to cover their travel expenses. So you don’t need to worry so much, but it’s better to pay back the money, which will be better for the future. Will Fenqile's reminder payment really be sent to the place of residence?

No, it depends on your amount and time. They have local third-party cooperation units to come to verify the situation. Generally speaking, they have to do this. sometimes, they will not notify you at all, but will go directly to your home. In this case, you can choose to record the video to prevent them from doing bad things. If more than two people come to your door, you can directly choose to call the police; you now receive This text message says that you are still in the early stages. Under normal circumstances, you can choose to explain the situation frankly to your family and see if they can help you; if not, think of another way, but never borrow something new to repay an old one.

1. Shenzhen Fenqile Network Technology Co., Ltd. was established in 2013 and is headquartered in Shenzhen. It is the largest installment shopping mall in China focusing on college students. With the vision of building the most trusted installment shopping mall for college students, the company faces the future, insists on innovation, is customer-centered, and continuously improves service levels as its mission. It focuses on Internet consumer financial services for young people and provides the latest trendy installment shopping malls for high-growth groups. Shopping and consumption methods provide the simplest and fastest processing process. Fenqile pioneered the Internet small and micro consumer finance business model. On the front-end of consumption, Fenqi Le has improved user shopping experience through cooperation with JD.com and others; on the back-end of debt processing, Fenqi Le launched Orange Financial Management in June 2014 as the exclusive agent for all debts of Fenqi Le, forming a "self-produced and self-sold" closed-loop ecosystem.

2. Loan (electronic IOU credit loan) is simply understood as borrowing money that requires interest. Loan is a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must be returned. Loans in a broad sense refer to the general term for lending funds such as loans, discounts, and overdrafts. Banks invest their concentrated currency and monetary funds through loans, which can meet the society's need for supplementary funds to expand reproduction and promote economic development. At the same time, banks can also obtain loan interest income and increase their own accumulation. The benchmark interest rate is a universal reference rate in the financial market. Other interest rate levels or financial asset prices can be determined based on this benchmark interest rate level. Benchmark interest rate is one of the important prerequisites for interest rate marketization. Under the conditions of interest rate marketization, financiers measure financing costs, investors calculate investment returns, and management regulates the macro economy. Objectively, a generally recognized benchmark interest rate level is required as a reference. Therefore, in a sense, the benchmark interest rate is the core of the interest rate marketization mechanism. To put it simply, if you usually deposit money in the bank, it will give you interest. The larger the base interest rate, the more interest; the smaller the base interest rate, the smaller the interest. Will consumer finance come to your door to collect debt?

When people overdue consumer finance loans, they will not be subject to door-to-door collection. Because the cost is too high, many financial loan companies will not use this method.

With the development of finance, more and more forms of loans have appeared. Consumer loans have always been very popular among those who consume in advance. However, many people are unable to repay in time after taking the loan, resulting in the emergence of Overdue. Although consumer finance is a personal consumption loan, the credit report will also be uploaded to the central bank. Therefore, if it is overdue, it will seriously affect personal credit, and it will also be collected by consumer finance companies.

1. After the consumer finance loan is overdue, it will not be subject to collection from above.

Consumer finance is a personal consumption loan. After the borrower repays the loan, it will have a negative impact on the borrower's credit report. As a consumer finance company, in order to recover losses, it will ask debt collectors to collect, but they all use Telephone collection is the main method. The cost of collection is too high and may involve illegal activities. Therefore, few formal financial companies choose this method of collection.

2. After the loan is overdue, the probability of door-to-door collection is very low.

After the loan is overdue, various loan companies have different collection methods. Basically, they send text messages first to make the borrower aware of the seriousness of the problem. If the text message reminder is invalid for a period of time, they will choose to manually call. Collection calls put pressure on borrowers. If the borrower still chooses not to repay the loan, they will package the loan to a specialized collection company, which will basically sue, rather than choose collection from above.

3. The loan must be repaid in time, otherwise it will affect your credit report and life.

Whether it is a home loan, a car loan or a consumer loan, as long as it is a loan issued by a formal financial institution, it will be connected to the central bank's credit reporting system. Once the repayment is not repaid, it will be reflected in the central bank's credit reporting system. It will have a great impact on a person's credit, and his or her work and life will be affected. Therefore, after the loan is overdue, it must be repaid in time to avoid adverse effects.

After the consumer finance is overdue, the high-cost collection method of door-to-door collection will not be chosen. If you have any other opinions on this, please leave a message for discussion.