According to the user's authorization, Rong 360 IOUs will conduct a credit inquiry of the People's Bank of China, and make a comprehensive evaluation according to the internal and external data of Rong 360, and give the loan amount. In theory, the 360 loan is collected at the meeting, but it does not rule out that it relies on its own big data system to issue loan quotas.

Rong 360 Loan is based on Rong 360' s independent third-party credit evaluation management organization, which objectively presents personal credit status through technologies such as cloud computing, machine learning and 360 big data. According to the comprehensive consideration of credit risk, payment habit and consumption situation, users are granted different consumption quotas.

The application amount of Rong 360 IOUs is granted according to the user's cumulative consumption repayment behavior on the platform. The behavior of users on the platform is dynamic, and the corresponding quantity is also dynamic. When the user behaves well within a period of time and meets the withdrawal policy, the corresponding amount may increase.

Extended data

The functions of credit investigation are as follows:

1. Guard against credit risk

Credit information reduces the information asymmetry of all parties to the transaction and avoids the transaction risk brought by information asymmetry, thus playing a role in risk judgment and disclosure.

2. Expand credit transactions

Credit investigation has solved the bottleneck problem that restricts credit transaction and promoted the conclusion of credit transaction. Promote the innovation of financial credit products and commercial credit products, effectively expand the scope and methods of credit transactions, and promote the expansion of the credit economy.

3. Improve the efficiency of economic operation

Reduce the cost of information collection in transactions through professional credit service. Shorten trading time and broaden trading space. It has improved the operational efficiency of economic entities and promoted economic and social development.

4. Promote the construction of social credit system.

Credit information industry is an important part of social credit system construction. The development of credit information industry is helpful to curb the occurrence of bad credit behavior, protect the interests of trustworthy people, maintain a good economic and social order, and promote the continuous development and improvement of social credit system.

Baidu encyclopedia-credit information

Baidu encyclopedia-Rong 360