Renren loan is a third-party private credit reporting agency, which mainly provides credit evaluation services for some private loans and online loans. Different from the people's bank of China, the people's bank of China is an official credit, and users will definitely check the people's bank credit when applying for bank loans and credit cards. As for everyone's credit, they are all online loans, private loans, and loans that do not cooperate with the People's Bank of China's credit investigation. We will refer to its credit evaluation.

Therefore, although it is not an official credit report, once everyone's credit is lacking, it will still adversely affect daily life.