Although online lending supports users to repay in advance, it is not recommended that users often do so. Often paying off in advance may make the lending institution think that the user's loan demand is not great, which will lead to the reduction or withdrawal of the loan amount.
Peer-to-peer lending means that borrowers and borrowers borrow money on the internet platform, while peer-to-peer lending mainly uses small amounts, which originated in Europe and America during the financial crisis. Peer-to-peer lending has a certain effect in alleviating short-term capital seeking, risk financing and opening up personal investment channels. In fact, peer-to-peer lending is not difficult to understand. All processes such as authentication, bookkeeping, clearing and delivery are completed through the Internet. Both borrowers and borrowers can achieve the purpose of lending without leaving home, and the general amount is not high, which is pure credit lending.
risk control
The risk of P2P loan is self-evident. Assuming that there is no problem with P2P network intermediary, the biggest risk comes from the debtor's failure to repay on time. Therefore, the domestic mainstream peer-to-peer lending platform limits the loan amount through the credit evaluation of borrowers, which can effectively avoid risks, such as houses, cars and other property. This also requires us to have a better understanding of the borrower's information and background when lending again, such as browsing the information on relevant websites.
loan
Include credit score and credit rating. The credit score also corresponds to the corresponding credit rating. Each user has his own credit score and corresponding credit rating.
Credit score
The usual credit score range is from 0 to 100, that is, from the initial lack of credit information to excellent credit. The borrower may get a negative credit score due to many bad credit behaviors such as overdue and breach of contract, and other bad behaviors that reflect personal credit (such as fraud). The credit score mainly comes from our evaluation of users in four aspects:
1) Personal information;
2) Personal financial information;
3) Personal credit records and credit behavior records;
4) Other relevant personal behavior records (such as whether there is a criminal record).
Credit score and grade
The factors that affect the credit score and grade include: information quality, that is, the integrity, detail and accuracy of information; Whether the information has been verified; Different information, different verification methods, different degrees of importance (that is, credit score); Different information is interactive, not simply superimposed. More, more complete, more accurate and more detailed information, that is, higher quality information can get higher credit score; The more successful the verification, the greater the score can be brought to the verified information; More and better personal credit records, such as good loan repayment records, can bring more credit scores.