51 Credit Card Manager won’t pay back

When you say you won’t pay back, did you borrow it from

51 Credit Card Manager

The money should be borrowed from 51 Character Loan. If you don't have money for the time being, it's understandable that you can't pay it back. You can pay it back when you have money. If you don't pay back the money,

Collection

the department will keep contacting you to ask you to pay back the money, unless you don't care about bombarding your address book, so hurry up and make money

The royal way

If you have money, return it as soon as possible.

Why is 51 Credit Card, whose proportion of P2P funds continues to drop, suddenly come under police investigation?

According to speculation by industry insiders, there are roughly two possibilities, one is violent collection, and the other is the data crawler business illegally obtains user information. With the help of big data risk control, the transformation of "loan assistance" has achieved remarkable results. On July 13, 2018, against the background of the continuous advancement of special rectification of P2P online lending risks, 51 Credit Card was listed on the Hong Kong Stock Exchange.

Before 51 Credit Card was launched, 51 Credit Card was favored by venture capital institutions. Judging from its financing history, in November 2012, 51 Credit Card received angel round financing led by Huaying Capital; in 2013, it received financing led by Huaying Capital, SIG, and Qingliu Capital; in 2014, it completed the investment led by Jingdong and Xiaomi participated in the financing; in 2015, it completed financing from Xinhu Zhongbao Investment; in 2016, it completed financing led by Xinhu Zhongbao and Tiantu Investment.

According to 51 Credit Card’s performance report for the first half of 2019, in the first half of this year, 51 Credit Card achieved revenue of RMB 1.4 billion, a year-on-year increase of 9.8%; adjusted net profit was RMB 309 million, a year-on-year increase 12.9.

The operating entity of 51 Credit Card is Hangzhou Enniu Network Technology Co., Ltd. It initially focused on credit card bill management software "51 Credit Card Manager", and later launched "51 Renpin", "51 Renpin Loan" and "Give You" "Flower" and other products, its business covers personal credit management services, credit card technology services, online credit matching and investment services.

To sum up the business model of 51 Credit Card in one sentence, it is to obtain customers through credit card management tools and then monetize them. The way to realize cash is to match loans and lend funds from P2P, licensed financial institutions, etc. to credit card users and other customers. 51 Renpin is an online lending company wholly owned by 51 Credit Card. According to data disclosed on its official website, as of the end of September, it had matched transactions of 1.35 billion yuan in September. The current number of lending users on the platform in September was 209,000.

The cumulative loan balance is 10.7 billion yuan. The overdue rate of 51renpindai for more than 90 days is 3.46, showing an increasing trend month by month. The cumulative number of credit cards managed reached 138.7 million, an increase of 16.9% compared with the same period last year. According to its semi-annual report, 51 Credit Card said it has reached partnerships with more than 100 banks, consumer finance companies, trust companies and other financial institutions.

After the relevant departments set the principle of rectification focusing on exit at the end of last year, domestic P2P online lending institutions accelerated their transformation into "loan assistance" institutions. The “secret” behind the rapid increase in the proportion of institutional funds lies in big data risk control. 51 Credit Card pointed out in its semi-annual report that its business is based on a solid foundation of unique big data and independent risk control systems.

Summary; Regarding the investigation of 51 credit cards, a letter from the bank circulated on the Internet showed that "through our bank's technical monitoring, it was found that your company used a crawler program to capture our bank's information, but Our bank did not sign the relevant written authorization or consent form with your company, or acquiesced that your company obtained the user's personal information from our bank's system and business processing process.

51 Credit card was investigated, what is the pitfall of the credit card. How deep is it?

This time 51 credit cards were investigated. Nowadays, there are many people taking cash loans. Credit card companies generally outsource this kind of collection business, and some contractors will use it for profit. Various means are used to urge repayment, and some people commit suicide because they cannot bear the pressure.

Many police cars and police officers were parked under the May Day Credit Card building. Regarding the investigation of May Day Credit Card, an insider revealed that it was mainly aimed at the cash loan business of May Day Credit Card, because it involved When it comes to the collection of personal information involved in collections, there is also suspicion of gang involvement in violent collections. Now the May Day Credit Card is on the cusp of a storm. Some people say that the May Day Credit Card pretends to be a state agency to intimidate cash loan personnel and call for debt repayment. Now this news has caused a big sensation. If the May Day Credit Card cannot solve this problem well If solved, it may have a great impact on their future.

Many people are using 51 credit cards. For people with multiple credit cards, May Day credit cards are very useful, so now things like this happen with May Day credit cards, both for investors and practitioners. Generally speaking, it is not a good phenomenon. They do not want anything to happen to this platform. The main reason for this incident is that someone died due to violent collection of credit cards on May Day, but they don’t know exactly which business it is. There's a good chance the matter could lead to criminal liability.

In fact, the collection of huge profits in the loan industry is no longer a matter of a day or two. When it comes to the outsourcing of May Day credit card collection, some outsourcers will choose some unscrupulous methods driven by interests. Asking borrowers to repay the money as soon as possible. In this case, some borrowers cannot bear the pressure and choose to commit suicide.

51 credit card is under investigation, why is it said that online loans are to blame?

Because 51 Renpindai is an online loan product, it is precisely because of this that this credit card has been investigated. I don’t know if you have paid attention to the news in the past two days. According to authoritative media reports, we can know that the only credit card that has been on the market was suddenly investigated by the authorities and was affected. The stock price has plummeted by about 30%. Many people around me hold May Day credit cards. This credit card is actually quite convenient. Why is the company suddenly under investigation?

In fact, in the final analysis, it is because of online loans. Although the May Day Credit Card has solved many problems. For example, it is convenient for credit card holders to manage multiple credit cards separately, but to be honest, 51 Personality Loan does belong to the Internet. loan products. 51 Credit Card not only has the product Wuyi Guanjia, but if you browse this APP frequently, you will know that it also has Footprint and Renpin Loan. The so-called Renpin Loan is actually the same as other online loans. Nowadays, the country is very strict on this kind of online loans, so it is no wonder that they suddenly check this 51 credit card.

The 51 credit card has attracted a lot of attention in the past. People who are already working in the society should know that it is very difficult to apply for a credit card from the four major banks. You need to check a lot of credit information and other services, and open a card. In the future, the limit will be very low, but everyone wants to have a credit card from the four major banks. If you are short of money recently, you will apply for other credit cards. The 51 credit card is very simple to apply for, but if you use Renpindai, you will know that this thing is the same as an online loan.

If this credit card did not involve online loans, it would certainly not bring potential harm to consumers, and the situation today would not occur.

51 Credit Card: No official documents related to the investigation have been received and no assets have been frozen

On October 22, 51 Credit Card issued an "inside information" announcement through the Hong Kong Stock Exchange website: The Board of Directors We are informed that our company's office in Hangzhou, Zhejiang Province has been subject to on-site investigation by relevant government departments of the People's Republic of China. Mr. Sun Haitao, the company’s chairman, chief executive officer, executive director and controlling shareholder, Mr. Zhao Ke, the company’s executive director and chief financial officer, and some employees of the group are also assisting in the investigation at the request of relevant government departments. The investigation requiring the assistance of the two directors has been temporarily concluded, and the two directors have not been detained by the relevant government departments.

The company has not yet received official documents from relevant government departments regarding the reasons for the investigation, and is not aware of the specific details behind the execution of the investigation.

The Group's business operations and financial status remain normal and sound, and the Group's assets have not been seized or frozen.

The Board does not currently anticipate that the above measures will have any material adverse impact on the Group's daily business operations and financial position. The Board of Directors will further assess the impact of this matter on the Group.

As a result, the Hangzhou police reported in the evening that day that 51 Credit Card was involved in a large number of abnormal complaint information from various places. After investigation, it was found that 51 Credit Card entrusted an outsourced collection company to pretend to be a state agency and use soft violence methods such as intimidation and harassment to collect debts . On October 21, Hangzhou police launched an investigation into 51 Credit Card’s outsourced collection of suspected criminal actions such as provoking quarrels and provoking trouble.

Information shows: 51 Credit Card Co., Ltd. is a Chinese investment holding company mainly engaged in providing one-stop personal financial services, including personal credit management services, credit card technology services and online credit facilitation and investment services. The company's main businesses include online credit matching and investment services, credit card technology services, and credit introduction services.

The company’s recently released 2019 mid-year financial report showed that the adjusted net profit in the first half of 2019 reached 309 million yuan, a year-on-year increase of 12.9%, and the revenue was 1.4 billion yuan, a year-on-year increase of 9.8%.

The operating entity of 51 Credit Card is Hangzhou Enniu Network Technology Co., Ltd. There are as many as 19 shareholders behind it, involving 37 listed companies. The major shareholder is Pingxiang Jiniu Asset Management Partnership, which holds 20.75% of the shares. Xinhu Zhongbao, an A-share listed company, holds 15.77% of the shares and ranks second, followed by PICC, Zoomlion, Perfect World, Volkswagen, etc.

Of course, there are many venture capital institutions, including private equity fund tycoon Wang Yawei, who is also one of the shareholders of 51 Credit Card, with a share ratio of 1.58%.

This concludes the introduction to 51 credit card thunder and 51 credit card p2p. Have you found the information you need?