The record of users applying for online loans cannot be deleted by themselves. There are two records, one is the personal credit report and the other is the lending institution system. The former, as long as the user repays the loan on time, the loan record will become a part of personal credit information, and this record will never be deleted. In the latter case, the lending institution will keep the user's loan information, and it is only possible to delete the loan record unless the user cancels the account.
Therefore, after users apply for online loans, the loan records are usually kept for a long time, but as long as there are no overdue records, the loan records will not affect personal credit information.
Online credit originated in Britain, and then developed to the United States, Germany and other countries. Its typical model is: online credit companies provide a platform for borrowers and borrowers to bid freely and make a deal.
in the traditional P2P model, the online lending platform only provides information exchange, information value identification and other services that facilitate the completion of the transaction, and does not participate in the interest chain of lending. The creditor and the borrower directly have a creditor-debtor relationship, and the online lending platform maintains its operation by charging a certain fee to the lender and the borrower. In China, because the citizen credit system has not been standardized, it is difficult for the traditional P2P model to protect the interests of investors. In case of overdue, investors will lose all their money.
Therefore, in the continuous exploration and practice of P2P online lending, it is suggested to introduce relatives and friends for joint guarantee in credit loans, and mortgage or pledge for counter-guarantee in other loans. The enterprise loan project introduces a third-party financing guarantee company to audit and guarantee the principal and interest of the project, and requires that its guarantee scale should match the guarantee amount of the guarantor, and the guarantor should also strengthen its own risk control management. Online loan, also known as P2P network loan. P2P is the abbreviation of English peer to peer, which means "person to person".
the creditor's rights transfer model can better connect the borrower's capital needs with the investor's financial needs, and actively carry out business in batches instead of passively waiting for their respective matching, thus realizing the rapid expansion of scale. It is closely related to the target customer groups whose domestic Internet development has not yet spread to microfinance. Almost all online lending platforms established since 212 are creditor's rights transfer models.
because of the extension of credit chain and the high correlation between institutions and professional lenders, the P2P online loan form of creditor's rights transfer has been questioned, and many traditional P2P institutions think that this is "not P2P, and the risk will affect the P2P industry".