What happens when online loans are handed over to outsourcing companies?

The consequence of handing over the online loan to a third party is that the third-party collection company is specialized in collection, so the collection time will be very long, and even within 1-2 years, users may receive a collection call. Moreover, there will be many ways to collect the company. The collection of online loan companies is generally mainly based on texting and calling, which is relatively mild. Long-term collection by users will undoubtedly affect daily life. It is suggested to pay off the arrears as soon as possible so as not to affect personal credit. Legal basis: Article 425 of the Civil Law of People's Republic of China (PRC) guarantees the performance of the debt. If the debtor or a third party gives his chattel to the creditor for possession, if the debtor fails to perform the due debt or realize the pledge according to the agreement of the parties, the creditor has the right to be paid in priority for the chattel. The debtor or the third party specified in the preceding paragraph is the pledger, the creditor is the pledgee, and the delivered movable property is the pledged property.