First: The most common ones are making phone calls and sending text messages. Banks mainly use this method for internal collection. Emergency contacts and relatives will receive messages and calls.

Second: It’s the letter.

Bank internal collection methods generally use these two methods, using overdue consequences to persuade or make some repayment promises to make the debtor repay as soon as possible.

If the debt has not been repaid after two collections by the bank or more than three months later, the bank will entrust a specialized collection company to handle it. At the same time, for those with bad nature and large arrears, the corresponding litigation procedures and case filing materials are still being prepared while collecting collection!