If the borrower still fails to repay the loan after receiving text message reminders and phone calls from Ant Borrowing staff, Ant Financial will send a reminder letter to the borrower after the account is frozen. At this time, we are basically preparing for prosecution.
Extended data:
It can be seen from the loan contract of Ant Financial that if the borrower fails to repay in full and on time as stipulated in the contract, it has constituted a breach of contract, then Ant Financial The service can resolve disputes through legal channels, such as providing borrower information to collection companies, law firms, courts, arbitration committees and other competent authorities.
It can be seen here that if the borrower's information is provided to law firms, courts, arbitration committees and other competent authorities, it is basically preparing for prosecution, but it is really unclear how long it will take to prosecute Ant IOU. .
Although the risk of being sued is small if Ant is overdue for a few days and a small amount is overdue, overdue will definitely have an impact on your credit report.
I suggest you not to take advantage of legal loopholes, use Ant to borrow money in time, and don’t take chances if you haven’t been sued for a long time. It’s important to pay off your debt as quickly as possible. Otherwise, you will definitely have a disgraceful overdue record on your personal credit record.
Reference materials:
Baidu Encyclopedia