Internet makes life more and more convenient. Online shopping, socializing, entertainment and even loans can be done online. The consequence of convenient loans is that many people have to apply for online loans even if they are not very short of money, and eventually they are heavily in debt. Some people wake up and decide to quit online lending, so they cancel all loan accounts and uninstall the loan APP. Is it safe to cancel the loan account? That's not true. After canceling the loan account, it reduces the possibility of others stealing money from your account, which is safer than not canceling the account. However, it is not completely safe to cancel the loan account. Cancellation does not mean that your data will be deleted. According to the regulations of the Ministry of Commerce, Internet trading platforms must keep customer transaction data for at least five years. In these five years, your personal information may be stolen, resold and changed hands many times. Fraudulent phone calls can clearly tell your name, ID number and other information, and then weave lies to defraud your money. The suggestion is not to apply for online loans at will until it is in an abnormal state. If you have to borrow money, you still have to find formal financial institutions, such as banks, consumer finance companies and loan products from well-known Internet companies. They are far less likely to resell or steal information than unknown online loan products. To sum up, it is better to cancel the loan account number than not to cancel it, but it does not mean that it is safe to cancel it. Private information has not been deleted, and information may still be stolen or resold. It is recommended not to apply for online loans at will, but also to choose formal financial institutions and stay away from informal online loan products.