Currently, no P2P online lending platform has access to central bank credit reporting.

However, some platforms are connected to the central bank’s mutual financial credit reporting system.

There are 13 P2P institutions in the first batch to access the system, including CreditEase, Renrendai, Hongling Venture Capital, Yilongdai, Paipaidai, Wangxin Financial Management, and Kaixin Loan, Helidai, Building Block Box, Cailutong, Jiufu, Xinerfu, and Yiliwang.

1. Bear high overdue fees.

For overdue fees, different online loan platforms have different names and charging standards. Whether it’s called overdue penalty interest, overdue management, or other various names, the charging standards are very high. Therefore, if you are able to repay your loan on time, do not overdue it.

2. Accept the platform’s fancy debt collection methods.

Collection is generally divided into three stages: the first stage, just a few days overdue, the platform customer service MM whispers and warmly reminds you that it is overdue, please repay on time; the second stage, overdue For a long period of time, the platform customer service gave a serious warning, threatening to face serious consequences if the deadline is exceeded again; in the third stage, when the deadline is long overdue, the platform no longer offers good words and starts to take practical actions.

There are many types of practical actions, for example: the platform will push your debt information to your relatives and friends, making you lose face in your circle of friends; the platform will arrange for specialized collection personnel to come to collect collections, and face-to-face communication is required. Account etc. Of course, these are relatively mild. Some platforms outsource debt collection and let specialized debt collection companies handle the debt collection. I believe borrowers are not willing to encounter the "violent debt collection" scandals reported some time ago by debt collection companies.

3. The People’s Bank of China’s credit report is stained.

At present, most online loan platforms have not yet connected to the People’s Bank of China’s credit reporting system, but it has become an inevitable trend to connect to the People’s Bank of China’s credit reporting system. In the future, overdue loans on online loan platforms will be recorded in the People's Bank of China's credit reporting system just like overdue bank loans and credit cards, causing credit stains. If the previous consequences were just a loss of face, then the stain on your credit report will affect your real life. If you want to buy a house, you won’t be able to get a loan, if you want to buy a car, you won’t be able to get a mortgage, etc.