Submit your credit report.

On October 29, 2018, the information of the first batch of online lending platform borrowers who maliciously evaded their debts was included in the central bank’s credit reporting system and faced penalties for breach of trust, involving an overdue amount of nearly 200 million yuan.

Incorporating information on malicious debt evasion in the Internet financial field into the credit reporting system, and implementing means and measures to punish untrustworthy behavior, will not only help urge borrowers to repay debts in a timely manner, but also help purify the Internet financial environment .

Personal credit report mainly includes the following information of consumers:

1. Basic personal identity information (name, date of birth, address, phone number, workplace, etc.)

2. Credit history (repayment records of credit cards and consumer loans)

3. Public records (communication payments, utility payments, court judgment records, etc.)

4. Inquiry Records (all records of inquiries by the person subject to credit reporting within 6 months)

Extended information

The characteristics of small loans are as follows:

1. The procedure is simple, the loan process is fast, and the procedures are simple.

The loan procedures of small loan companies are simple. Loans are managed according to customer application, acceptance and investigation, verification of mortgage situation, guarantee situation, loan committee approval, signing of loan contract, loan issuance, loan principal and interest recovery, etc. It is generally completed within 7 days from the date of loan acceptance, which is more convenient and faster than borrowing from a bank. Compared with private loans, the interest rate is much lower.

2. Flexible repayment methods.

There are many flexible repayment methods including principal and interest repayment in equal monthly installments, quarterly interest repayment when due, one-time repayment of principal and interest when due, or two installments of principal and interest repayment.

3. The loan range is wide.

The service targets of small loan companies are mainly small and medium-sized enterprises, individual industrial and commercial households, farmers, etc.

4. The marketing model is flexible.

Small loan companies implement a non-rating and non-credit marketing model under controllable risks, which breaks the long-standing business model of commercial banks and other formal financial institutions. It is characterized by simplicity, efficiency and speed, and has It helps small and medium-sized enterprises obtain credit support in a timely manner, alleviates the short-term financing difficulties of small and medium-sized enterprises and individual industrial and commercial households, and makes up for the shortcomings between bank loans and private lending to a certain extent.

5. The loans of small loan companies are of high quality.

The quality of loans of small loan companies is high because almost all of the funds loaned by small loan companies are shareholders’ own funds, so the review of loan projects is more cautious; because small loan companies are It is privately operated and mainly lends money locally. It can fully understand the borrowers and their purposes, so it has certain advantages in risk control.

6. Small loans have low social risks.

Small loan companies do not illegally raise funds, do not lend money at usury, and do not use idle people in society to collect loans. It has its own implementation methods for raising funds, lending, and collecting loans, and it only lends but does not deposit, and does not involve public deposit issues, so social risks are small.

Baidu Encyclopedia--Small Loan

Baidu Encyclopedia--Credit Report

Baidu Encyclopedia--Online Loan

Baidu Encyclopedia-- -Personal Credit

Baidu Encyclopedia--Second Baitiao