Not good, not reliable. 1010.21day, 5 1 The information that the credit card was suddenly investigated by the police swept the circle of friends. According to many insiders, this may be related to the improper acquisition of user information by reptiles, which has been confirmed by relevant banks.

In addition, there are reports that violent collection caused casualties. Although the news has not been confirmed, violent collection is common in the loan industry. In order to share the proceeds of collection, many collection outsourcers will do whatever it takes in the process of collection, and often there will be some radical actions.

Subsequently, Sun Haitao, the founder of 5 1 Credit Card, issued a statement and apologized in Weibo, saying that due to improper management and lack of supervision, the outsourcing cooperative company had some excessive behaviors in communicating with borrowers. This also indirectly confirms that it is indeed due to violent collection.

Because online lending is a new financing method, the central bank and the China Banking Regulatory Commission have no clear laws and regulations to guide online lending, and there is no law to follow when encountering problems. Although the relevant laws and regulations will become more and more perfect with the prevalence of peer-to-peer lending, we should be cautious.