First of all, online loan collections do come to your door, but don’t be afraid. Online loan collection in reality is very different from everyone’s imagination. In real-life online loan collections, at most, a few people hold documents and ask for the debt in person, and they have to ask for your consent before entering. If you don't agree, they have no right to enter, and they don't dare to enter.
Secondly, everyone must understand the essence of door-to-door collection. Today's online loan platforms basically do not come to your doorstep themselves, but outsource to collection companies, which then organize the collection tasks themselves. To put it simply, the so-called door-to-door collections may not be known to the online lending platforms themselves, as they are organized privately by collection companies. When notifying the debtor, these collectors may tell you that legal personnel are available, etc. They even tell you that you need to bear the transportation and legal fees yourself.
In fact, this is unrealistic. Let’s not talk about whether judicial officials will come forward because of an online loan. Even online lending platforms themselves can’t stand it. It takes several people to deal with one debtor, so how do you collect debtors with thousands or even hundreds of millions? Moreover, the really big platforms will not tell you anything about debt collection, but will directly report the credit information to you. Sooner or later the debtor will beg for repayment.
Don’t say asking for credit is useless. Once you've used it once in your life, you know what real trouble is. For example, with today’s credit cards, if I say that the credit card is legitimate, no one will refute it, right? So is there any violent collection of credit cards? Of course not. These are things that don’t need to be doubted, but how many people are willing not to pay back the money they owe on their credit cards? Unless they really have no money to pay back, most people will pay off their credit cards. Even if you owe debts to multiple platforms, you will give priority to paying back the money with your credit card.
So really capable platforms will never tell you about violent collection or door-to-door collection, because they don’t need these at all. Finally, some may have questions. What should they do if they really encounter a door-to-door collection? If you have, don't let yourself in. If it's too much trouble, pretend you're not home. These actions are legal! Although these collectors may be very forceful on the phone, when it comes to offline collection, they don't dare to act recklessly.
I have personally seen the teams that come to collect money. They can enter only with the debtor's consent. If the debtor doesn't agree or isn't home, there's nothing they can do. Do you have any better opinions on this? If so, I must share it with you. Related Q&A: Related Q&A: My brother owes an online loan and is being asked to pay back the debt. My family wants me to pay it back first. Should I agree?
Online loans are not a good thing. Who would touch online loans if they are going through life?
Your brother is an adult and should be responsible for his ridiculous behavior. He didn't learn well at a young age, and he was burdened with debt for some unknown reason. If you have the ability, don’t drag your family down!
It seems that last year, I saw a case on the gold medal mediation program: the mother and daughter also had a huge quarrel over the repayment of loan sharks. The mother was completely disappointed with this obsessed daughter and made up her mind. To sever the mother-daughter relationship with her.
My daughter started her so-called entrepreneurial action when she was in college. Because I was young and impulsive, I credulously believed in the lobbying of some people in the society: "It is easier to make money by doing this kind of direct selling, or it is easier to make money by doing micro-business like that?" As a result, after struggling for a long time, not only did I not make any money, I also lost a lot of money. Because she refused to admit defeat and kept making troubles, her mother took out campus loans and online loans without giving her any money. She took out nearly 100,000 in online loans before she even graduated. The single mother is just an ordinary office worker, and it is not easy to save some money. Seeing her daughter fall into an online loan crisis, she hurriedly helped her repay nearly 100,000 yuan in online loans, which almost cost her all her savings.
She has no ability as a daughter, she is very ambitious, and she only wants to be the boss and make a fortune. Her mother's timely help in repaying the loan actually gave her the confidence to take out a loan. After graduation, she secretly went into online loan business, but lost all her money. She repeated this process many times, and her mother couldn't bear it. In the end, she was exhausted mentally and physically, and she decided to cut off the mother-daughter relationship with her daughter.
Children today are really difficult to discipline. If you are not careful, you may get into trouble. My brother owes an online loan, and his parents must be particularly worried. The top priority now is to help parents and younger brother discuss loan repayment solutions. We need to understand from younger brother where the money from online loans has been spent, and what should we do if there is such a big hole? I want him to have a longer memory!
It is definitely unrealistic for his own brother not to help. If the amount is not large and your financial conditions permit, help him plug the hole first to avoid further trouble caused by interest compounding.
However, you must make it clear to your brother that the money is lent to him temporarily, and it is only for this time, and ask him to promise that he will never make the same mistake again in the future, and write a loan agreement and a repayment plan. Otherwise, he will heal the scar and forget about the pain, causing trouble for the whole family.
The matter has already happened, and complaining will not help. They are all your relatives, so please help as much as possible if you can! My parents are older, so they don't have to worry about getting angry and causing bigger troubles.