No. According to the information published on the official website of Tik Tok, the loan issuing institutions that borrow in Tik Tok are regular licensed financial institutions, and the repayment records will be reported to the central bank for credit investigation. Borrowers need to fulfill their repayment obligations on time, and Tik Tok's loan is not compulsory. Tik Tok is a music creative short video social software, which was hatched by ByteDance. The software was launched on September 20, 2006. It is a short video community platform suitable for all ages. Users can choose songs and shoot music works through this software to form their own works.