There are too many online loan applications. Users want to delete their loan records, but this is impossible. Users can only pay off the loan and reduce part of the debt, so as to reduce the impact of applying for too many online loans. The normal loan records of online loans will remain in the credit report even if they are settled, and this record cannot be deleted. However, the loan repayment record on time is itself part of the personal credit report, so users do not need to worry that the timely repayment record will affect their credit.
The essence of Internet finance is still finance, and it has not changed the hidden, contagious, widespread and sudden characteristics of financial risks. Strengthening Internet financial supervision is an inherent requirement to promote the healthy development of Internet finance. At the same time, Internet finance is a new thing and an emerging industry. It is necessary to formulate moderately loose regulatory policies to leave room and space for Internet financial innovation. By encouraging innovation and strengthening supervision to support each other, we will promote the healthy development of Internet finance and better serve the real economy. Internet financial supervision should follow the principles of "legal supervision, appropriate supervision, classified supervision, coordinated supervision, and innovative supervision", scientifically and rationally define the business boundaries and access conditions of each business format, implement supervisory responsibilities, clarify the bottom line of risks, protect legitimate operations, and resolutely Crack down on illegal activities and irregularities.
Online lending includes individual online lending (i.e. P2P online lending) and online small loans. Individual online lending refers to direct lending between individuals through the Internet platform. Direct lending activities that occur on individual online lending platforms belong to the category of private lending and are regulated by laws and regulations such as Contract Law, General Principles of Civil Law, and relevant judicial interpretations of the Supreme People's Court. Internet micro-loans refer to small-amount loans provided to customers by Internet companies through micro-loan companies they control, using the Internet. Online small loans should abide by existing regulatory regulations on small loan companies, give full play to the advantages of online loans, and strive to reduce customer financing costs. The online lending business is supervised by the China Banking Regulatory Commission.
The supervision of online lending platforms has gone from a peak of 5,000 to 6,000 to only 29 in operation by the end of June. The special rectification work may be basically completed by the end of the year and will be transferred to regular supervision.
Online credit originated in the United Kingdom, and later developed to the United States, Germany and other countries. Its typical model is: online credit companies provide a platform, and borrowers and lenders bid freely to broker deals.
In the traditional P2P model, online lending platforms only provide information circulation and interaction, information value identification and other services to facilitate the completion of transactions between borrowers and lenders. They do not actually participate in the lending interest chain. In terms of creditor-debt relationships, online loan platforms rely on charging certain handling fees from both borrowers and lenders to maintain operations. In our country, because the citizen credit system has not yet been standardized, it is difficult for the traditional P2P model to protect the interests of investors.