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1, online lending, also known as P2P online lending. P2P is the abbreviation of English peer to peer, which means "person to person". Internet credit originated in Britain, and then developed to the United States, Germany and other countries. Its typical model is that online credit companies provide a platform for borrowers and borrowers to bid freely and reach a deal. Lenders of funds receive interest income and bear risks; The borrower repays the principal when it is due, and the online loan company charges the intermediary service fee.
2. The biggest advantage of 2.P2P online lending is that borrowers who are difficult to be covered by traditional banks can fully enjoy the efficiency and convenience of loans in the virtual world. The number of online lending platforms has increased rapidly in China in the past two years. At present, there are about 350 active platforms, and the total number has reached more than 1600 in August of 20 14.
3. In the initial development of P2P lending platform, most entrepreneurs are Internet entrepreneurs, and they have no experience in private lending and related financial manipulation. As long as the borrower provides personal information on the platform, the platform will grant a certain credit line after review, and the borrower will post the loan target on the platform according to the credit line. However, due to the imperfect citizen credit system in China and the lack of contact and communication between platforms, there is a problem that a borrower borrows from multiple online lending platforms at the same time. The most famous borrower in Tianjin, whose net name is Tan Ke, borrowed more than 5 million yuan from various platforms, and this loan eventually became a bad debt of various platforms due to overdue.