Not good, unreliable. On October 21, the news that 51 Credit Card was suddenly investigated by the police spread all over the circle of friends. According to many industry insiders, this may be related to the improper acquisition of user information by a crawler program, and has been confirmed by the relevant banks.

There is also news that it was caused by casualties due to violent debt collection. Although this news has not been confirmed, violent debt collection is a common occurrence in the loan industry. Many debt collection outsourcers are collecting money in order to benefit from a share of the payment. In the process, there are often some extreme actions.

Subsequently, Sun Haitao, the founder of 51 Credit Card, issued a statement and apology on Weibo. The statement stated that due to improper management and lack of supervision, the outsourcing partner company had some excessive behaviors in communicating with borrowers. This also indirectly confirmed that it was indeed due to violent collection.

Since online lending is a new financing method, the central bank and the China Banking Regulatory Commission do not yet have clear laws and regulations to guide online lending. When problems are encountered, there is no law to follow. Although with the popularity of online lending, relevant laws and regulations will become more and more perfect, but you still need to be cautious.