Paipaidai cannot see the overdue records of credit cards. As long as you have proof of employment, social security card, ID card, and mobile phone verification, you can basically get a loan. However, the interest and handling fees of Paipai Loan are a bit high, so it is not recommended.

Paipaidai has some unique features:

1. It is generally a small-amount unsecured loan, and the borrowers it covers are generally low- and middle-income people, and are covered by the existing banking system less than, so it is a necessary and effective supplement to the banking system;

2. With the help of the power of the network and community, it emphasizes everyone’s participation, thereby effectively reducing the cost and risk of review, Make small loans possible;

3. The platform itself does not participate in borrowing, but does more functions such as information matching, tool support and services;

4. Because it relies on The Internet, unlike existing private loans, is very transparent;

5. Another major difference from existing private loans is that borrowers set their own interest rates, and the website The legal maximum interest rate limit is set, which effectively avoids the occurrence of usury;

6. Since it is targeted at low- and middle-income and entrepreneurial groups, it has a considerable public welfare nature, so it has a large social benefits. It solves the problems that many organizations and NGOs that try to make small loans have such problems as high cost and difficulty in tracking.