Do you and I have a credit report?

Whether you are applying for a loan, applying for a credit card, or even taking a car or staying in a hotel, etc., it can be affected by the credit report. It can be seen that personal credit report has a relationship In all aspects of life, as credit information is widely used in various scenarios, people have begun to pay attention to their own credit information. When many people borrow money from online loan platforms, they will pay attention to whether the online loan platform has a credit report. So Does the Youwodai online loan platform currently have a credit report?

Usually what we call "credit reporting" refers to the central bank's credit reporting system. Currently, most online lending platforms are not connected to the central bank's credit reporting system, but many online lending platforms are connected to the network. Credit reference.

Just in December 2018, Shanghai Credit Credit Co., Ltd. issued a confirmation letter for the launch of the "Online Financial Credit System" of the Niwodai platform. Shanghai Credit said that the full amount of borrowings reported by the Niwodai platform on a monthly basis The data has passed the data quality acceptance of Shanghai Credit Information's "Online Financial Credit System".

This shows that the Youwodai platform is currently connected to the online financial credit system. After everyone borrows money from the Youwodai platform, the platform will report the user's loan information and repayment information to the Shanghai Credit Network Financial Credit System on a monthly basis.

In addition, according to reports from borrowing users, when applying for a loan on the Youwodai platform, you need to authorize the inquiry to Sesame Credit, which means that after the user becomes overdue on Youwodai, the bad record may still be in Sesame Credit. shows that it will affect the borrower’s Sesame Credit Score.

Is Youwodai reliable?

Youwodai is an Internet financial platform under Shanghai Jiayin Technology. Shanghai Jiayin Technology has its shares listed on the New OTC Market. From the background , Youwodai has strong background strength.

The platform has reached a fund deposit cooperation with Hengfeng Bank. Users’ investment funds and borrowed funds on the platform are all processed through Hengfeng Bank. Third-party fund custody separates user funds and platform funds. Separation, which is more reliable than a platform without fund custody.

However, the comprehensive borrowing rate of the Youwodai platform is not low. When users borrow money on the platform, in addition to paying loan interest, they also need to pay platform management fees, platform service fees, credit reporting service fees and other fees. , so borrowers who want to borrow money from the Youwodai platform should first understand the comprehensive fees required for the loan, so as to avoid the borrowing cost exceeding their acceptable range.